The global 6G Technology market was valued at USD 4.2 billion in 2022 and is expected to register a robust CAGR of 27% during the forecast period. This growth can be attributed to driven by factors such as rising demand for faster data speeds, lower latency, and security connectivity networks, high focus on global connectivity and integration, and rising investments in R&D projects.
6G refers to the sixth generation of network connectivity technology, succeeding the currently trending and widely used 5G technology. 6G technology is still in the developing phase and aims to provide faster data speeds, lower latency, and enhanced connectivity as compared to existing network connectivity. 6G may use terahertz frequencies to achieve ultra-fast speed and data rates, facilitating advanced technologies like AR, VR, and holographic communications. Governments and leading companies are heavily investing in R&D activities to develop durable, secure networks, and telecom operators are focused on upgrading the network infrastructure to deploy 6G technology going ahead.