Global Internet Protocol Version 6 (IPv6) Market – Industry Trends and Forecast to 2029

Internet Protocol Version 6 (IPv6) Market Analysis and Size

The internet has developed into a crucial component of modern society's infrastructure. The internet protocol version 4 (IPv4), which is the basis for routing and addressing, underpins the entire modern Internet. The Internet Assigned Numbers Authority declared in February 2011 that all IPv4 addresses had been used up. Because IPv4 addresses are no longer available to enable future development, the IPv6 market is expanding and becoming more competitive economically. Since a decade ago, the successor of Internet Protocol version 4 has been made available (1993). The Internet Protocol version 6 is the name of it (IPv6). The most recent internet protocol is version 6, which was released in 2015. This protocol offers identification and location services for internet-connected machines. The internet protocol version 6 (IPv6) market is projected to have a positive outlook over forecasted timeline.

Global internet protocol version 6 (IPv6) market was valued at USD 3.12 billion in 2021 and is expected to reach USD 25.45 billion by 2029, registering a CAGR of 30.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Internet Protocol Version 6 (IPv6) Market Scope and Segmentation

Market Definition

The most recent version of the Internet Protocol (IP), a communications protocol that identifies and locates machines on networks and routes traffic across the Internet, is known as internet protocol version 6 (IPv6). It offers the special IP addresses required for Internet-enabled devices to interact, it works similarly to IPv4. However, it uses a 128-bit IP address, which is a key distinction.

Internet Protocol Version 6 (IPv6) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increasing Replacement of Internet Protocol Version 4 (IPv4)

The IPv6 is intended to replace IPv4, which accounted for more than 90% of all internet addresses globally. The IPv6 standard offers technical advantages in addition to a vast addressing space, including simple network management, enhanced security features, end-to-end connection integrity, a limitless number of addresses, and integrated mobility and interoperability. Hierarchical address allocations possible by IPv6, making it easier to aggregate networks and routes throughout the internet network. This restricts the ability of all routing tables to grow. The IPv6 offers a platform for creativity, teamwork, and further service delivery optimization. The increased advantages of IPv6 as compared to IPv4 is largely projected to accelerate the market growth over the forecast period.

• Efficient Routing and Direct Data Flows

The internet protocol version 6 (IPv6) basically reduces the size of routing tables and makes routing more efficient and hierarchical. Additionally, it enables ISPs to combine the prefixes of their clients' networks into a single prefix and broadcast that prefix to the IPv6 Internet. In addition, IPv6 networks use a mechanism for discovering the maximum transmission unit of the path, which is handled by the source device rather than the router (MTU). The reduced packet header in IPv6 also increases the effectiveness of packet processing. Multicast is preferred over broadcast by IPv6 because it allows bandwidth-hungry packet flows (such as multimedia streams) to be sent simultaneously to numerous destinations while using less network bandwidth. These factors further act as a major market driver over the forecast period.

Furthermore, rising demand because of improved secured features coupled with the easy management of network will accelerate the overall market expansion during the forecast period. Additionally, its support for new services and efficient packet processing is anticipated to drive the growth rate of the internet protocol version 6 (IPv6) market. The prevalence of advanced platform for delivery of services will further positively impact the market's growth rate during the forecast period.

Opportunities

• Simplified Network Configuration

The simplified network configuration is estimated to generate lucrative opportunities for the market, which will further expand the internet protocol version 6 (IPv6) market's growth rate over the forecasted period. IPv6 comes with address auto-configuration (assignment). In its router ads, a router will send the local link's prefix. A host can create its own IP address by adding its link-layer (MAC) address in Extended Universal Identifier (EUI) 64-bit format to the 64 bits of the local link prefix.

• Enhanced Security

Additionally, the enhanced security offered by IPv6 further offer numerous growth opportunities within the market. IPSec, which offers data integrity, confidentiality, and authentication, is built into IPv6. Corporate firewalls frequently reject IPv4 ICMP packets because they may contain malware, but ICMPv6, which implements the Internet Control Message Protocol for IPv6, may be allowed since IPSec can be applied to the ICMPv6 packets.

Restraints/Challenges

• Slower Acceptance of IPv6

The transition from IPv4 to IPv6 takes time and effort; therefore, the transition to IPV6 is taking place slowly because IPv4 is still widely used. Machines running IPV4 cannot access IPV6, so the user needs to spend to replace an IPV4 device to convert to IPv6. Therefore, the slower acceptance of IPv6 is therefore expected to obstruct market growth over the forecast period.

• Drawbacks of IPv6

Even just comprehending IPv6 submission might be challenging, let alone trying to memorize the IPv6 address. Moreover, even under the most peculiar of conditions, devices running IPv4 and IPv6 cannot directly connect with one another. These disadvantages of iPv6 are estimated to be significant challenge for the internet protocol version 6 (IPv6) market over the forecast period.

This internet protocol version 6 (IPv6) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet protocol version 6 (IPv6) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Internet Protocol Version 6 (IPv6) Market Scope

The internet protocol version 6 (IPv6) market is segmented on the basis of product type, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• DSL
• FTTH Services

End User

• Residential
• Small and Medium Businesses
• Large Enterprises

Internet Protocol Version 6 (IPv6) Market Regional Analysis/Insights

The internet protocol version 6 (IPv6) market is analyzed and market size insights and trends are provided by country, product type, and end user as referenced above.

The countries covered in the internet protocol version 6 (IPv6) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the internet protocol version 6 (IPv6) market because of the growing demand of IPv6 addresses and its allocation by IANA within the region over the forecast period of 2022 to 2029. Moreover, the rising demand because of improved secured features is further estimated to accelerate the expansion over the forecast period.

Middle East and Africa (MEA) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the prevalence of various IT companies and rising demand for IPv6 addresses within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Internet Protocol Version 6 (IPv6) Market Share Analysis

The internet protocol version 6 (IPv6) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to internet protocol version 6 (IPv6) market.

Some of the major players operating in the internet protocol version 6 (IPv6) market are

• NTT Communications Corporation (Japan)
• KDDI CORPORATION (Japan)
• SoftBank Corp. (Japan)
• Reliance Jio Infocomm Ltd. (India)
• Verizon (U.S.)
• T-Mobile USA, Inc. (U.S.)
• AT&T Intellectual Property (U.S.)
• Tata Teleservices Limited (India)
• China Telecom Global Limited (China)
• ALE International (U.S.), Apple Inc. (U.S.)
• Cisco Systems Inc. (U.S.)
• D-Link Corporation (Taiwan)
• Hewlett Packard Enterprise Development LP (U.S.)
• Hitachi, Ltd. (Japan)
• IBM (U.S.)
• MatrixStream Technologies, Inc. (U.S.)
• Microsoft (U.S.)
• Micro Focus (U.K.)

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