The global Network Slicing Market size is projected to grow from USD XX million in 2020 to USD 1,284 million by 2027, at a Compound Annual Growth Rate (CAGR) of 51.5% during the forecast period.
Latest added Network Slicing Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Nokia, Ericsson, Huawei, Samsung, Blue Planet, Mavenir, Argela, Cisco, HPE, Tambora Systems, AMDOCS. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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This report studies the Network Slicing Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Network Slicing Market by companies, region, type and end-use industry.
Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Network Slicing Market, By Component (Solutions, Services), Application (Healthcare, Energy and Utilities, Transportation and Logistics, Manufacturing, Media and Entertainment, Automotive, Government), End use (Telecom operators, Enterprises) and Geography – Global Forecast to 2027”. Early buyers will get 10% customization on study.
To Avail deep insights of Network Slicing Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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The network slicing market is gaining traction due to the evolution of cellular network technology which has offered higher data speeds and lower latency. The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services
There are significant growth opportunities for Network Slicing vendors. The commercialization of 5G services and availability of unlicensed and shared spectrum in the globe are expected to shape the future of the Network Slicing market.
The COVID-19 pandemic has affected every segment of society, including individuals and businesses. During the COVID-19 pandemic, the telecom sector is playing a vital role across the globe to support the digital infrastructure of countries. Every individual and government, irrespective of federal, state, central, local, and provinces, has been in constant touch with one other in the society to provide and get real-time information on COVID-19. Currently, healthcare, telecommunication, media and entertainment, utilities, and government institutes are functioning day and night to stabilize the condition and facilitate prerequisite services to every individual.
COVID-19 cases are growing day-by-day, as several infected cases have been on the rise. In line with individuals, COVID-19 has a massive impact on large enterprises and SMEs. Core industries, such as manufacturing, automotive, textile, transportation and logistics, travel and hospitality, and consumer goods, have been closed due to country-level lockdown across the globe. This would have a substantial impact on the global economy in terms of the decline in GDP. Since ages, SMEs are acting as the backbone of the economy. In the current situation, SMEs are the most affected due to the COVID-19 pandemic.
Driver: Increasing demand for IoT solutions
Widespread adoption of IoT and continuous advancements in Machine-to-Machine (M2M) communication networks are transforming various industries by connecting all types of devices, appliances, systems, and services. IoT is one of the many use cases that network slicing-enabled 5G would support, enabling communication between large numbers of sensors and connected devices. The requirements for IoT applications can be categorized into high-power, low-latency applications (such as mobile video surveillance); and low-power, low-latency, long-range IoT applications (smart cities and smart factories). The evolution of the 5G technology is expected to gain pace to support these requirements for emerging IoT applications, categorized as massive machine type communication and mission-critical applications.
Restraints: Security breaches can lead to massive operational and monetary loss
CIOs are largely concern with network slicing security that can lead to a huge loss for businesses as well as service providers. The new network infrastructure has been designed with the help of SDN, NFV, and cloud-native architecture. Network functions are disaggregated from underline infrastructure and located across local, regional, and central data centers. In a cloud-based 5G network, the majority of network functions are deployed over the public and private cloud infrastructure.
Opportunity: Emerging business application across industrial, government, and enterprises sector
Industry 4.0, automation, and digitalization have dramatically changed the adoption of mission-critical business applications in every line of business. Most sectors have undergone a digital transformation to cope with the growing need of customers and businesses for operational agility. Businesses are in dire need of having a strong network that can support their digital transformation journey. Technological advancements and the evolving ecosystem have further paved the way for the emergence of new business applications across different sectors
Challenge: Granularity constraints in the spectrum and radio-level resource sharing
Fixed network slices can be scaled up by adding more hardware resources, while the RAN slicing is difficult to scale up, as it rapidly runs into a physical constraint due to the limited availability of spectrum. This limitation can be overcome by assigning dedicated carriers to individual slices. However, the allocation of some carriers would reduce the network’s potential for multiplexing gains through the scaled-up slice.
APAC to account for the highest CAGR during the forecast period
APAC has several growing economies, such as China, India and Japan, which are expected to register high growth in the network slicing market. These countries have always supported and promoted industrial and technological growth. In addition, they possess a developed technological infrastructure, which is promoting the adoption of network slicing solutions across all industry verticals. The network market in APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics and mobility. APAC is one of the biggest markets for connected devices
Key Market Players
This research study outlines the market potential, market dynamics, and major vendors operating in the Network Slicing market. Key and innovative vendors in the market include Nokia (Finland), Ericsson (Sweden), Huawei (China), ZTE (China), Samsung (South Korea), Blue Planet (US), Parallel Wireless (US), Affirmed Networks(US), Mavenir(US), Argela(Turkey), Cisco(US), HPE(US), Tambora Systems(Singapore), AMDOCS(US) and Aria Networks(UK). The study includes an in-depth competitive analysis of these key players in the Network Slicing market with their company profiles, recent developments, and key market strategies.
Scope of Report
This research report categorizes the Netwok slicingmarket to forecast revenue and analyze trends in each of the following submarkets:
Based on Components
Based on Solutions
- Professional services
- Managed Services
Based on Professional services
- Network design and planning
- Integration and Deployment
- Support and Maintenance
Based on End user:
- Telecom operators
Based on Applications:
- Energy and Utilities
- Transportation and Logistics
- Media and Entertainment
Based on regions:
- North America
- Latin America
- In September 2020, Dish Network Corporation partnered with Blue Planet for its automation with Blue Planet’s cloud-native inventory and service order management system to enable network slices
- In September 2020, Telefonica Deutschland built automated network with Blue Planet. Blue Planet will enable the service providers to lower their Operating Expenses (OPEX) while optimizing its network to offer services, such as 5G, video streaming, and online gaming.
- In April 2019, Brillio and Blue Planet partnered to bring network automation to the enterprise and accelerate digital transformation
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall network slicing market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This Network Slicing Market analysis report is a cautious investigation of current scenario of the market and future estimations which considers several market dynamics. Market research report acceptance is very essential for the business growth as it helps with the better decision making, enhancing revenue generation, prioritizing market goals & results in profitable business. It makes easy for the industry to visualize what is already available in the market, what market anticipates, the competitive environment, & what should be done to surpass the competitor. The Network Slicing Market report not only aids to save valuable time but also adds credibility to the work that has been done to grow the business.
Why You Should Buy The Global Network Slicing Market Report?
The Network Slicing market report provides a meticulous picture of the sector by summary of data, production, and method of study originated from various sources. Competitive analysis comprises identifying the key mutual trends and major players of the market. Besides, report also includes an assessment of different factors essential for the existing market players and new market players coupled with methodical study of value chain.
Key Topics Covered:
2 Network Slicing Market Segmentation
3 Market Overview
4 Executive Summary
5 Premium Insights
6 Network Slicing Market, By Type
7 Network Slicing Market, By End-User
8 Network Slicing Market, By Geography
9 Network Slicing Market, Company Landscape
10 Swot Analysis
11 Company Profiles
14 Related Reports
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