IPv6 Market size is anticipated to surpass USD 738.7 Billion by the end of 2035, growing at a CAGR of 30.6% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of IPv6 was over USD 30 Billion. The reason behind the growth is impelled by the growing amount of mobile devices across the globe. This has led to an increase in demand for IPv6 since it supports new applications and also provides larger address space as compared to IPv4. In 2021, there were more than 10 billion active mobile devices worldwide, and by 2025, over 18 billion mobile devices are anticipated to be in use.
The growing technological advancements are believed to fuel the market growth. With new technological advancements, the network framework works are improving and are demanding fast Internet packages, which has increased the adoption of faster IPv6.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~30.6% |
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Base Year Market Size (2022) |
~ USD 30 Billion |
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Forecast Year Market Size (2035) |
~ USD 738.7 Billion |
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Regional Scope |
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End-User (Residential, Small & Medium Enterprises, Large Enterprises)
The large enterprises segment in the IPv6 is set to garner a robust share of 65% shortly. IPv6 is being integrated into large enterprises as it is efficient and provides for improved performance, and increased security features including (IPsec) Internet Protocol Security integration, and also has capabilities that are missing from IPv4. Besides this, it also helps large enterprises in scaling their networks more effectively and avoids potential address shortage issues.
Product Type (DSL Services, FTTH Services)
IPv6 market from the FTTH services segment is estimated to gain a notable revenue share in the coming years. FTTH services can be provided using IPv6 protocol since it provides superior speed, more bandwidth, greater dependability, and higher quality of service and also supports the development of cutting-edge technologies including 5G and the Internet of Things (IoT) is crucial.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Enterprise Size |
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North American Market Forecast
The IPv6 market in North America is predicted to account for the largest share of 42% by 2035 impelled by the growing adoption of IPv6. North America has been a leader in IPv6 adoption, with several large ISPs, government agencies, and enterprises actively deploying IPv6. The region has made significant progress in transitioning to IPv6 to address the impending exhaustion of IPv4 addresses.
The U.S. government has been proactive in driving IPv6 adoption, mandating that all federal agencies enable IPv6 on their public-facing websites and services. This initiative has encouraged many private sector organizations to follow suit. According to a survey of major content providers conducted in 2023, the US had an adoption rate of IPv6 of over 45%, and Canada had a rate of roughly 32%.
European Market Statistics
The European IPv6 market is estimated to garner significant market share by the end of 2035. IPv6 adoption in Europe varies by country. Some countries, such as Belgium and Germany, have made substantial progress, while others are still in the early stages of deployment. The European Commission has been actively promoting IPv6 adoption across the European Union. The Commission encourages member states to take steps towards IPv6 readiness to support the growth of digital services and IoT applications.
Author Credits: Abhishek Verma, Hetal Singh
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