6G network will likely begin by the end of this decade, and it may open a new chapter for tech giants like Huawei, Ericsson, and Nokia. But whether this new era of network technology brings positive or negative growth for firms is a major question.
LightReading revealed that the CTO of T-Mobile US, Ulf Ewaldsson, said that the 6G era will arrive by the end of this decade with 100 times more data usage than what has been envisioned. It may connect over 500 billion devices globally.
The 6G era could further lead to $10 trillion of economic value. But the urge for 6G technologies already seems bigger in China and the US than it does in Europe.
And due to the ongoing tech tensions between the two countries, the 6G network may get a dual-track global market, affecting the growth of Nokia, Huawei, and Ericsson.
In 2019, Huawei made around 41% of its revenues outside China. But after the ban hit the company, it struggled to regain its position in both the home ground and the global market. As a result, its revenue has fallen by 29% in the last five years.
Slowly, the company started gaining momentum in the 5G network market due to its advanced solutions and technologies. In the current scenario, the company has even edged out Nokia (to a greater extent) from the Chinese network market.
The company also introduced a new air interface, based on 3GPP earlier this year. As of now, China is willing to spend money on 6G which is somewhere pushing Huawei to become “bolder than its European rivals”.
Europe is already lagging behind China and the US in terms of 5G rollout. In that case, the 6G network era could be a boon for Chinese companies. But since Huawei is struggling to enter foreign markets, a two-track 6G global market could affect its overall growth.
(Image Credits: Huawei)
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