6G Market size to grow by USD 36.39 billion between 2022 - 2027| Driven by Rising investments in 6G networks by governments and vendors- Technavio
NEW YORK, Nov. 6, 2023 /PRNewswire/ -- The 6G Market size to increase by USD 36.39 billion, accelerating at a CAGR of 51.15% during the forecast period, according to Technavio's research market analysis. A significant driver of market growth is the increasing investments in 6G networks made by both governments and industry players. The market is witnessing a growing emphasis on deploying 6G services by device manufacturers, service providers, and network operators. They are actively exploring monetization strategies, potential business models, and responding to customer preferences. Additionally, various market participants and governments are working towards a seamless transition and interoperability, considering the coexistence of 6G with existing network technologies. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here
The 6g market is segmented by Component (Hardware, Software, and services), Type (Wireless and Fixed), and Geography (North America, APAC, Europe, Middle East and Africa, and South America).
Key Companies in the 6G Market:
Telecom Equipment Market: The telecom equipment market size is estimated to grow at a CAGR of 6.13% between 2022 and 2027. The market size is forecast to increase by USD 195.93 billion.
5G Services Market: The 5G Services Market size is estimated to grow by USD 311.93 billion between 2022 and 2027 accelerating at a CAGR of 31.13% during the forecast period.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/6g-market-size-to-grow-by-usd-36-39-billion-between-2022---2027-driven-by-rising-investments-in-6g-networks-by-governments-and-vendors--technavio-301978023.html