Research Nester’s recent market research analysis on “6G Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global 6G Market in terms of market segmentation by vertical, application, deployment, communication infrastructure, component, and by region.
Growing adoption of cloud-based services to promote the global market share of the 6G market
The global 6G market is estimated to grow majorly on account of the growing need for digital frameworks to manage data storage and the growing adoption of cloud services for improved organizational workflow. The growing adoption of cloud computing in industries like automation, healthcare, telecom, BFSI, etc., has fuelled the 6G market expansion. A report estimated in 2023 that, 60% of manufacturers will rely on digital platforms by 2020, which could result in a 30% drive in their overall bottom line. Moreover, there is widespread adoption of 6Gs in IoT systems owing to their affordability, compact size, and energy efficiency. It acts as a communication channel between the external environment and IoT devices.
Some of the major growth factors and challenges that are associated with the growth of the 6G market are:
Growth Drivers:
Adoption of data-driven technologies
Challenges:
The presence of concerns related to the high infrastructure requirement for the expansion of 6G, a major factor restraining this market value, is building the infrastructure, as it requires significant spectrum allocation and investments in network deployment along several equipment lines. 6G deployment also requires extensive planning, collaboration, and coordination with several stakeholders which demands regulatory challenges.
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By vertical, the 6G market is segmented into manufacturing, agriculture, educational and entertainment, and public safety. The manufacturing segment is estimated to garner a significant market share over the forecast period. The segment’s growth is attributed to the seamless integration of a large number of IoT devices into manufacturing facilities. This includes smart devices, sensors, and actuators that collect and transmit data in real-time, enabling predictive maintenance, asset tracking and inventory management. Research Nester reported that in 2022 the global IoT connections showed a significant growth rate of 18.0% and achieved more than 14 billion active IoT endpoints.
By region, The North America region is expected to generate the highest revenue by the end of 2036.. The substantial growth of the market in the region is led by the presence of major key players in the telecommunication industry. These organizations are making progress in 6G research, development, and deployment, driving growth and advancements in the market. Telecom companies in the United States such as AT&T, T-Mobile and Verizon have signed billion-dollar agreements with network equipment providers such as Samsung, Nokia and Ericsson to expand its US 6G network infrastructure.
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This report also provides the existing competitive scenario of some of the key players of the 6G market which includes Huawei Technologies Co., Ltd., Nokia Corporation, Samsung Electronics Co., Ltd., Ericsson, Qualcomm Incorporated, Intel Corporation, Cisco Systems, Inc., Apple Inc., Deutsche Telekom, Sony Group Corporation, NTT DOCOMO, INC., Toshiba Corporation, Mitsubishi Electric Corporation, NEC Corp., and many more.
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Source: https://www.researchnester.com/reports/6g-market/6269