Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSSeptember 2019: The president of Belarus, Alexander Lukashenko, announced an update to decree number 60, by legally mandating support for IPv6 protocol.
September 2019: NEXTDC has announced the partnership with Hurricane Electric for provision of IPv6 by the introduction of a new Point of Presence (PoP), so as to increase global network connectivity in Sydney.
IP or Internet Protocol is referred to the set of rules that governs the format of data sent over the internet to other network. Any device connected over the internet, such as computers, mobile phones and others, need a numerical IP address in order to communicate with other devices.
IPv6 or Internet Protocol version 6 is referred to as an up gradation of IPv4 communications protocol. Developed by the Internet Engineering Task Force (IETF), IPv6 provides an advanced level of identification and location system for computers on networks and routes traffic across the internet. The technology is further divided into three addressing methods, viz. unicast, multicast and anycast, depending on the package delivery mechanism. IPv6 has numerical benefits over IPv4, such as, greater address length, increased packet size, and others.
The IPv6 market is observing vibrant growth on account of growing unavailability of IPv4 addresses in the IPv4 address inventory pool and increasing waiting list for allocation of IPv4 addresses. Furthermore, increasing requests for IPv6 address and the growing allocation of IPv6 address assignments are some of the factors that are expected to boost the growth of the global IPv6 market. According to American Registry for Internet Numbers (ARIN), allocation requests for IPv6 grew from 380 numbers in 2014 and reached 623 numbers in 2018. Furthermore, initial IPv6 allocated grew from 248 numbers in 2014 and reached 406 numbers in 2018. CLICK TO DOWNLOAD SAMPLE REPORT
The market is anticipated to record robust CAGR throughout the forecast period, i.e. 2019-2027. The IPv6 market is segmented by end user into residential, small & medium businesses and large enterprises, out of which, large enterprises segment is anticipated to hold largest market share on account of limited availability of IPv4 addresses for its existing users, long waiting time for allocation of IPv4 addresses, premium pricing of IPv4 addresses owing to greater demand, and growing number of users of large enterprises.
Increasing adoption of IOT devices worldwide is raising the demand for the allocation of IP addresses to these devices by internet service providers (ISPs). With limitations in the total number of IP address allocations (nearly 4.2 billion) that can be made in IPv4 address systems, ISPs are facing the issues for providing sufficient number of IP addresses to its users, which is anticipated to raise the demand for IPv6 market over the forecast period.
According to Asia-Pacific Network Information Centre (APNIC), IPv4 delegations decreased drastically from 4444 thousand numbers in 2015 to 1617 thousand numbers in 2019.
Decreasing delegations of IPv4 system is raising the demand for adoption of a new internet protocol numbering system amongst consumers. The raising demand for unavailability of allocation of IP addresses is also increasing the costs of IPv4. According to the North American Network Operators’ Group, a hypothesis which applies Hotelling rule to the cost of IPv4 and IPv6 addresses, anticipated that lowering availability of IPv4 will increase the cost of IPv4 systems, and will decrease the cost of IPv6 systems. The lowering costs of IPv6 in the near future and the expected declining phase of IPv4 system is anticipated to fuel the growth of IPv6 market throughout the forecast period.
Majority of the equipment used for accessing the internet worldwide are based on IPv4 technology and are unsupported by IPv6 technology. Major shift towards IPv6 technology is expected to raise the deployment costs of consumers, which is anticipated to act as a barrier to the growth of the IPv6 market.
Our in-depth analysis of the IPv6 market includes the following segments:
On the basis of regional analysis, the IPv6 market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Europe, Middle East and Asia-Pacific is expected to hold significant market share on the back of presence of numerous IT enterprises, followed by growing allocation of IPv6 addresses in the region. According to Internet Assigned Numbers Authority (IANA), the number of IPv6 address allocated in RIPE NCC region (Europe, the Middle East and Central Asia) was 935,955 numbers. APNIC (Asia Pacific) region constituted of 208,000 numbers.
Additionally, North America is expected to gain significant market share on the back of significant rise in demand for IPv6 addresses and its allocation by IANA. According to IANA, IPv6 allocations in ARIN (Canada, USA and some Caribbean Islands) constituted for 656,050 numbers.
The IPv6 market is further classified on the basis of region as follows:
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