27th September 2024 –According to exclusive Markets and Markets Reports, the 6G market is expected to grow at an astounding CAGR of 76.9%, from $3.96 billion in 2030 to a startling $68.69 billion by 2035.
The 6G development efforts are picking up speed as enterprise data security and robust connectivity becomes increasingly important. With the rise of quantum-resistant encryption and AI, the next iteration of business networks will be able to instantly identify and eliminate cyber threats as well as protect the integrity of the sensitive data it carries.
The report also highlights that immersive applications, such as Metaverse and extended reality, will be fueled by 6G’s revolutionary developments, especially in the fields of entertainment and healthcare. Yet, to maximize network management capabilities and enable dynamic, real-time responses, generative AI will be essential for 6G adoption.
Moreover, sectors like retail, healthcare, and education will be able to leverage holographic communication, thanks to 6G’s lightning-fast data transfer and minimal latency. Unprecedented levels of communications will be made possible by enhanced telepresence, which will enable more immersive media experiences, 3D virtual interactions, and remote procedures.
The 6G landscape is expected to be dominated by the Asia-Pacific area, with South Korea, India and China at the forefront of the race. China is poised to lead the next wave of technical advancement, as evidenced by its installation of the world’s first 6G test network in 2024, as well as by Japan’s substantial investment in research and India’s Bharat 6G Alliance.
To collaborate on 6G deployment, Rakuten Mobile and Stage X teamed up in May 2024 to leverage Rakuten Symphony’s to roll-out 6G networks. Even SK Telecom and Intel worked together in February 2024 to develop a new network core technology that uses Artificial intelligence (AI) to significantly lower network latency for 6G networks.
The observations and findings from MarketsandMarkets exclusive report shows that 6G carries major financial potential and promises to revolutionize various industries. It also shows a shift in tech dominance from US and Europe to Asian nations that are leading in the 5G arena.
Source: https://www.marketsandmarkets.com/Market-Reports/6g-market-213693378.html
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