Artificial Intelligence
6G Market Worth USD 159.54 Billion with CAGR of a 127.16% to 2035 | Exclusive InsightAce Report
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Jersey City, NJ, May 24, 2023 (GLOBE NEWSWIRE) — InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global 6G Market Size, Share & Trends Analysis Report By Devices (Mobile Devices, IoT and Edge-Computing Devices, Networking Devices), Communication Infrastructure (Wireless And Fixed) And End Users (Consumer Applications And Industrial And Enterprise)- Market Outlook And Industry Analysis 2035″
The global 6G market is estimated to reach over USD 159.54 billion by 2035, exhibiting a CAGR of 127.16% during the forecast period.
The 6G cellular technology is set to succeed the current 5G network by using even higher frequencies, thereby providing significantly increased bandwidth and lower latency. While the 6G radio networks will offer improved communication and data gathering, the overall 6G technology market will require a systems approach involving data analytics, artificial intelligence, high-performance computing (HPC), and quantum computing to drive growth. The market is also expected to facilitate a range of innovations across different industry verticals.
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However, due to the strategic nature of some 6G capabilities, government wireless applications are likely to be the main driver of the market. Furthermore, building on the trend started with 5G, the 6G technology will integrate various previously separate technologies, such as AI, big data analytics, and next-generation computing. Additionally, the 6G networks will expand the scope of applications across communications, sensing, wireless cognition, and imaging, enabling the market to maintain its rapid growth.
Recent Developments:
- In Nov 2021, the Department of Telecommunications organized an Innovation Development Group for 6G (TIG-6G) with members from various government departments, research institutions, academia, standardization bodies, telecommunications service providers, and industry to develop a vision, mission, and objectives for 6G, as well as a roadmap and action plans for its implementation in India.
- In Nov 2020, Google and Apple launched the announcement that they will join a North American industry group developing 6G. Apple and Google are the newest members of the Next G Alliance, joining Charter Communications, Cisco, Hewlett Packard Enterprise, Intel, Keysight Technologies, LG Electronics, Mavenir, MITRE, and VMware. The organization’s mission is to “advance North American mobile technology leadership in 6G and beyond over the next decade while building on the long-term evolution of 5G.”
- In Oct 2019, Sony, NTT, and Intel will collaborate on 6G mobile network technology, which is projected to be available around 2030. Fifth-generation networks are just now being activated, but the trio plans to construct a sixth-generation organization in the United States. The three partners plan to encourage other large global corporations, including Chinese players, to participate. The business intends to leverage the collaboration to accelerate development towards mass manufacturing.
List of Prominent Players in the 6G Market:
- Apple Inc
- AT&T Inc.
- Cisco Systems, Inc.
- Google LLC
- Huawei Technologies Co., Ltd.
- Intel Corporation
- LG Corporation
- MediaTek Inc.
- Nippon Telegraph and Telephone Corporation
- Nokia Corporation
- Samsung Electronics Co., Ltd.
- SK Telecom
- Sony Corporation
- Telefonaktiebolaget LM Ericsson
- T-Mobile US, Inc
- Verizon Communications Inc
- ZTE Corporation
6G Market Report Scope:
| Report Attribute | Specifications |
| Market size value in 2030 | USD 7.47 Bn |
| Revenue forecast in 2035 | USD 159.54 Bn |
| Growth rate CAGR | CAGR of 127.16% from 2031 to 2035 |
| Quantitative units | Representation of revenue in US$ Billion, and CAGR from 2031 to 2035 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2031-2035 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Devices, Communication Infrastructure And End Users |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Market Dynamics:
Drivers-
The market for 6G communication is growing due to the increasing demand for low-latency networks in various industries. This demand is driven by faster and more reliable connectivity for specific applications. The market growth is also supported by advancements in next-generation networks, such as the Internet of Things and blockchain technology, which require the high-speed capabilities of 6G communication. Additionally, the adoption of 6G technology is expected to be further accelerated by the promotion of smart cities, the growth of internet users and edge-computing devices, and the recognition of communication as a fundamental right for human survival. These factors are expected to expand the 6G communication market during the forecast period.
Challenges:
The absence of standardization in 6G technology poses a significant constraint that may impede interoperability between various networks and devices. Furthermore, the high cost of developing and deploying 6G infrastructure could decelerate its adoption and limit its accessibility, particularly in developing nations. Another limitation could be the potential health and environmental hazards linked to the amplified utilization of high-frequency radio waves and the implementation of extensive infrastructure needed for 6G networks. Finally, the existing geopolitical tensions and trade disputes among countries could also present obstacles to the global expansion of the 6G market.
Regional Trends:
The North America 6G market is expected to register a major market share. The US needs to catch up in promoting the advancement of communication technology for several reasons, including the notable presence of significant associations and government initiatives in the region. To address this issue, a US industry body has appointed AT&T and Ericsson executives to lead efforts in promoting North America as a leader in 6G networks. Access to high-quality and affordable Internet services is critical in Canada as people increasingly rely on Internet connectivity for work, school, finances, and healthcare. Besides, the Asia Pacific region had a substantial share due to the region’s increased focus on satellite communication and advancements in this field; China has launched the world’s most significant 6G test satellite into space, creating a surge in market demand.
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Segmentation of 6G Market-
By Device
- Mobile Devices
- IoT and Edge-Computing Devices
- Networking Devices
- Others
By Communication Infrastructure
-
- Wireless Infrastructure
- Mobile Cellular
- Mobile Broadband
- Fixed Infrastructure
- Wireless Infrastructure
By End Users
- Consumer Applications
- Mobile
- M2M
- Computing
- Industrial and Enterprise
- Industry 4.0
- Smart City and Urban infrastructure
- eHealthcare
- Autonomous Vehicle
- Others
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
About Us:
InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.
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Artificial Intelligence
Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees
DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.
The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
Read more reviews
About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
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Leverage Artificial Intelligence (AI) to easily find the perfect domain name for your business
ISLAMABAD, June 17, 2024 /PRNewswire/ — As you embark on your online journey, choosing the right domain name plays a vital role in establishing your web presence. It is often one of the earliest decisions you will make as an entrepreneur or small business owner.
GoDaddy is harnessing the power of AI to help entrepreneurs and small business owners find the right domain name for their business, themselves, or their organization. GoDaddy AI Domain Search tool is designed to deliver personalized domain suggestions tailored to each user’s unique needs. Having a catchy and memorable domain name for your business helps to enhance branding and provides increased visibility for a business on the internet.
By simply entering a business description or keywords, users receive creative and unique domain name choices that can align with their brand identity and vision. GoDaddy uses generative AI to provide users with personalized and brandable domain name suggestions based on their business description, idea, product, or service.
GoDaddy AI Domain Search can simplify the process of finding the perfect domain name for a business. When a user enters information describing their business, project, or idea, including such details as business name if already chosen, location or industry, within seconds the AI tool makes suggestions by creating a list of available domain names with different variations and domain name extensions tailored to your needs.
Finding a domain name for a business idea is important as the name chosen will be reflective of your brand for many years to come. Here are some tips for finding available domain names:
Use specific keywords that describe your business, your products and services, your location, and your industry.Use keywords that people would enter when searching for your products or services.Try using variations of a word you want in your domain name to get more options.Mix up keyword combinations that can describe your business.Your aim is to create a name that is memorable, easy to pronounce, and stands out in your industry.In a world driven by AI, GoDaddy AI Domain Search tool simplifies the process of finding the perfect domain name, enabling you to effortlessly brainstorm and explore creative ideas that align with your vision. Within seconds, you can receive a selection of available domains, empowering you to bring your idea to life.
To experience the power of GoDaddy AI Domain Search visit: www.godaddy.com/en-ph/domains/domain-name-generator
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy’s easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.
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Artificial Intelligence
Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market
SHENZHEN, China, June 17, 2024 /PRNewswire/ — METZ Display, a sub-brand of SKYWORTH and a provider of innovative interactive displays for education and business. The announcement of Artificial Intelligence Technologies LLC Dubai as the authorized exclusive distributor for the UAE market as well as the Oman, Qatar, and Bahrain markets marks a significant expansion for METZ Display. By partnering with a trusted distributor like Artificial Intelligence Technologies, METZ is strategically positioning itself to deliver its full range of smart education and smart conference room applications across these regions. This move not only strengthens METZ’s presence in the Middle East but also underscores its commitment to providing innovative interactive displays tailored for both educational and business environments.
Based on the 16 years of R&D and business experience in the IFPD market from SKYWORTH, METZ Display fully inherited its technology and has introduced several interactive displays in the education and business sectors that provide a highly immersive environment and user-friendly experience since 2022, such as the all-in-one LCD.
Mr. Summer Deng METZ Sales & Marketing Head of MEA, said: ” The IFPD market in MEA is expected to see rapid growth over the next couple of years. The partnership with Artificial Intelligence Technologies LLC, a business entity to promote AI & AV Products, Tools, and services in the United Arab Emirates & Middle East Region will take METZ Display to another new level. We are confident to further develop our quality products and service!”
METZ Display is expanding its reach into the UAE market through Artificial Intelligence Technologies LLC Dubai as its authorized distributor.
The introduction of the METZ K Pro Series, particularly the EDLA Certified collaborative display, in the MEA Region highlights their commitment to providing innovative interactive display solutions for both education and business sectors. This move could potentially enhance learning and collaboration experiences in the region.
Mr. Harold Fernandes, the Managing Director of Artificial Intelligence Technologies, seems quite enthusiastic about the partnership with METZ Display. His emphasis on the versatility of METZ’s portfolio, applicable across various sectors such as education and business, reflects a keen understanding of the market’s needs. By highlighting the engaging experiences offered by METZ Display products, he’s underlining the potential benefits for resellers and end-users alike. This partnership seems poised to bring innovative solutions to the UAE market.
About METZ Display
With Skyworth, one of the world’s largest TV companies, and Metz, one of the oldest German manufacturers, METZ Display creates high-quality educational and business applications that make state-of-the-art screen technology available to everyone by combining their strengths and 80 years of experience.
About Artificial Intelligence Technologies LLC
Artificial Intelligence Technologies LLC, Is established as a business entity to promote AI & AV Products, and complete AV Solution, Tools & Services in the United Arab Emirates & Middle East Region. Visit the website at https://ai-tech.ai/
Phone: +971 4299 0544Email: [email protected]: www.ai-tech.ai
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