With A Cagr Of 58.1%, 6g Market Technology Is Predicted To Be The Next Big Thing In The ICT Industry By 2040

Market Research Future Insights

According to MRFR analysis, the global 6G market is expected to register a CAGR of 58.1% from 2031 to 2040 and hold a value of over USD 340 billion by 2040.

6G is a term that refers to the next generation of wireless communication technology that is expected to follow the current 5G technology. It is expected that 6G will offer even faster speeds and lower latency than 5G, as well as a wider range of frequencies and enhanced support for new applications and services. The development of new technologies, including 6G, may have been affected by the pandemic, as companies have had to adapt to new regulations and changes in consumer behavior. However, the demand for advanced communication technologies, including 5G and potentially 6G, may have increased as a result of the pandemic, as people have relied more on digital communication and connectivity during lockdowns and other restrictions.

Key Players

Some of the key market players are Nokia, Samsung Electronics, Huawei, Ericsson, Cisco, AT?T, LG Electronics, Qualcomm, Ciena, Microsoft, HPE, Intel, Telnyx, Apple, and Google.

6g Market Report Scope:

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Regional Analysis

The wireless technology market in North America is expected to grow significantly in the next few years. This is due to the presence of key players, government initiatives, and many other factors in this region. North America has been a leader in wireless technology through private sector initiatives and with a strong focus on 6G development. Moreover, increasing innovation coupled with the envisaged 6G enhancements is expected to drive the growth of the North America 6G market soon.

Market Segmentation

The Global 6G market has been segmented into components, communication infrastructure, and device usage.

Based on the component, the market has been segmented into Infrastructure/Hardware, Software, and Service (Professional and Managed).

Based on the communication infrastructure, the market has been segmented into Wireless (Mobile Cellular, Mobile Broadband) and Fixed.

Based on the device usage, the market has been segmented into Mobile Devices, IoT and Edge-Computing Devices, Networking Devices, and Others.

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By Component

• Infrastructure/Hardware
• Software
• Service

By Communication Infrastructure

• Wireless
  • Mobile Cellular
  • Mobile Broadband
  • Fixed

By Device Usage

• Mobile Devices
• IoT and Edge-Computing Devices
• Networking Devices
• Others

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