BCC has published a report that delves into what's happening at companies that are working to develop 6G. The report titled "Global 6G Market: Emerging Opportunities" encapsulates the latest insights about 6G's future. It includes:
- Vodafone Group is a British telecommunications company collaborating with leading research and medical teams to explore healthcare applications of 6G technology.
- LG Corporation, the multinational conglomerate famous for home technology, has successfully tested 6G over 320 meters and is currently developing 6G speeds of 1 TB per second. They aim to use this speed both indoors and outdoors.
- SK Telecom, a South Korean telecommunications company, has collaborated with NTT Docomo to plan new 5G and 6G cellular infrastructures and take advantage of virtualized radio access network technology.
Without 6G networking, advanced artificial intelligence (AI), extended reality (XR), the Internet of Things (IoT), autonomous vehicles, automated guided vehicles (AGVs), and smart cities are difficult to become reality. An outline of the trajectory that the following generation of cellular networks will follow ought to be accessible to all technology professionals.
With the ability to support millions of devices simultaneously, 6G networking will accelerate the growth of the telecommunication industry like never before. Holographic communications will finally be feasible, mobile broadband will have immensely more power, and virtual reality will become a less niche sector. All of these industries and more will be drastically affected once 6G begins replacing 5G.
The global market for 6G technology is expected to grow by more than $2 billion between 2030 and 2040, at a Compound Annual Growth Rate (CAGR) of 68.6%. This eye-popping growth creates opportunities for investors and entrepreneurs who have insight into the technology's expected development. Currently, Asia-Pacific holds the highest market share.
6G technology network providers, such as Cisco Systems and Intel Corporation, will benefit from this report. The report will also be helpful to technology investors, government agencies, network equipment manufacturers, and students and faculty academic institutions (especially ones with a heavy focus on network technology).
Click here to view the "Global 6G Market: Emerging Opportunities" report.
Click here to learn more about 6G technology.
