The potential of 6G technology will become evident because of its intrinsic power to allow immersive smartphone experiences. It opens up multiple opportunities that blur boundaries between physical and online platforms. In other words, 6G technologies will create a collision of material and virtual reality. Work and home will be deeply connected, and people will move freely around for social interaction. According to the latest figures, the global 6G market will accomplish a financial worth of about $1.04 billion in 2028. By 2032, the forecast shows that the industry will reach around $40.99 billion, exhibiting a CAGR of 150.4%.
6G Networks: Lack of Protocols but High Market Potential
Currently, no standards for 6G networks have been created because there is still work to do regarding their power consumption and wireless signal transmission. The U.S. Federal Communications Commission (FCC) has set 95 GHz and 3 THz for initial Research and Development (R&D).