research analysis on “IPv6 Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global IPv6 market in terms of market segmentation by product type, end-user and by region.
Infrastructural Evolution & Government Initiatives to Promote Global Market Share of IPv6
The basic framework for the Web, as well as emerging innovations in sectors like energy management, power distribution, and other utility advancements, have grown and filled in size as a consequence of which IPv4 and other current breakthroughs and products are under strain. There are presently a rising number of devices needed to connect to the Web because to developments in broadband lines, portable administrators, and smart grid technology. Every one of these emerging innovations and use cases, regardless of the use case or innovation, already or soon will rely on IP as a means of communication. IPv6 is the way ahead for each of these areas of growth since IPv4 cannot support these demands.
Further, to assure the internet's future development and allay worries about IPv4 address exhaustion, certain governments and regulatory agencies are actively pushing or requiring IPv6 adoption. Due to global national IT policies and governmental regulations, several companies and service providers have started integrating IPv6 with the goal of better assisting these government agencies.
Some of the major growth factors and challenges that are associated with the growth of the IPv6 market are:
• Internet Growth in Emerging Markets
• IPv4 Address Exhaustion
Challenges:
Dual stack transition complexity, compatibility issues, and cost of implementation are some of the major factors anticipated to hamper the global market size of IPv6. The high migration costs and complicated processes are one of the main reasons IPv6 hasn't been adopted more widely, and as a result, network engineers are frequently reluctant to make the full transition to IPv6.
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By end-user, the global IPv6 market is segmented into residential, small & medium enterprises and large enterprises. Amongst these large enterprises are anticipated to hold major market share. IPv6 has been integrated into larger enterprises due to its efficiency and the fact that it offers better performance and increased security.
In addition, by product type, the IPv6 market is segmented into DSL services and FTTH services. Out of which FTTH services are anticipated to gain notable market share. FTTH services support IPv6 since it is a larger addressing scheme and ensures better compatibility as compared to IPv4 with limited address space. Furthermore, DSL services are a communication medium that provides point-to-point, public network access can also enable IPv6 to offer better support for the connected devices and address the drawbacks of IPv4.
By region, North America is predicted to lead the market and would generate USD 7.9 billion in revenue by 2027. A number of significant ISPs, governmental organizations, and businesses in North America have been in the forefront of IPv6 deployment. To deal with the upcoming run-out of IPv4 addresses, the area has made substantial progress in the transition to IPv6. By requiring that all federal agencies activate IPv6 on their services and websites that are accessible to the general public, the U.S. government has taken the initiative to promote IPv6 adoption. Many business sector organizations have been inspired to imitate this approach. Additionally, major companies in North America have been proactively implementing IPv6 to future-proof their networks and support the expansion of connected devices and IoT technologies
Furthermore, it is anticipated that within a specific timeframe, the IPv6 market in Asia Pacific would expand quickly. Thanks to nations like China, India, and South Korea, who are among the biggest producers of ICT equipment worldwide, this regional industry is predicted to develop rapidly over the next several years. Manufacturing and IoT innovation are concentrated in Asia Pacific. The widespread deployment of IoT devices and guaranteeing flawless communication between them depend on IPv6.
According to recent statistics, lately, India is leading the world in IPv6 adoption and has over 61% adoption rate for IPv6.
This report also provides the existing competitive scenario of some of the key players of the global IPv6 market which includes company profiling of KDDI CORPORATION , SoftBank Corp ,Reliance Jio Infocomm Ltd. ,Verizon, T Mobile USA, Inc., AT&T Intellectual Property, Tata Teleservices Ltd., China Telecom Global Limited , Akamai Technologies ,Fujitsu and others
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