IPv6 Market Trends
Growth Drivers
- Integration of Cloud Computing and Data Centers- IPv6 is the latest Internet protocol that has brought significant changes and new features to Cloud computing and has also provided means to better develop new techniques from which modern data centers can profit. More than 60% of organizations moved their workloads to the cloud alone in 2020.
- Government Initiatives and Regulations- Some governments and regulatory bodies are actively encouraging or mandating IPv6 adoption to ensure the continued growth of the internet and to address concerns related to IPv4 address exhaustion. Furthermore, many businesses and service providers have started implementing IPv6 with a view to better supporting these government agencies owing to national IT strategies and governmental mandates around the world.
Challenges
- Cost of Implementation- Transitioning to IPv6 can be costly, especially for large enterprises and service providers with extensive network infrastructures. This cost includes equipment upgrades, software updates, staff training, and potential temporary dual-stack support expenses.
- Compatibility Issues
- Dual Stack Transition Complexity
IPv6 Market: Key Insights
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.
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.
Growth Drivers
Growing Number Of IOT Devices And IP Address Requiring Equipment
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.
Decreasing Delegation Of IPv4 Technology
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.
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
30.40% |
|
Base Year Market Size (2024) |
USD 51.09 billion |
|
Forecast Year Market Size (2037) |
USD 1.61 trillion |
|
Regional Scope |
|
