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According to the latest report by IMARC Group, titled " Network Slicing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 202 2-2027
," the global network slicing market reached a value of US$ 299.9 Million in 2021.
Network slicing refers to the method of building multiple logical and unique virtualized networks on a common physical infrastructure which is an essential network configuration component of the fifthgeneration (5G)architectural landscape. It is generally created by mobile network operators (MNOs) using network functions virtualization (NFV), software-defined networking (SDN), analytics, orchestrationand automation for supporting a specific application or a set of networks.
It aids in minimizing operating costs, reducing capital expenditureand providing improved operational efficiency by transforming business operations andtailoring networking specifications. As a result, it is widely adopted in real-time streaming, asset management, supply chain management and network monitoring.
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The global market is primarily driven by the increasing demand for network slicing by communication service providers. This is supported by continual improvements in the cellular network technology and the escalating preference for high-speed internet connectivity among the masses. Additionally, the sudden outbreak of coronavirus disease (COVID-19) has led to the growing demand for broadband services across geographically extended areas, which ispositively impacting the market. Along with this, continuous technological advancements and the deployment of the 5G services in artificial intelligence (AI), autonomous driving, virtual reality (VR) and augmented reality (AR) applications are providing an impetus to the market. Moreover, rising investments by public and private firms for upgrading the existing telecom infrastructure across multiple countries are positively influencing the market. Furthermore, the increasing adoption of 5G network for conductingcomplex surgeries using robots in the healthcare sector is acting as another growth-inducing factor. Other factors, including the expansion of smart grids as an initiative of smart city development and extensive research and development (R&D) activities conducted by key players, are also projected to drive the market growth.
Looking forward, IMARC Group expects the market to reach US$ 1,082.2 Million by 2027, exhibiting at a CAGR of 24.06% during 2022-2027.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/network-slicing-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Component:
• Solution
• Services
Breakup by End User:
• Telecom Operators
• Enterprises
Breakup by Industry Vertical:
• Manufacturing
• Healthcare
• Automotive
• Media and Entertainment
• Transport and Logistic
• BFSI
• Government
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• Affirmed Networks Inc. (Microsoft Corporation)
• Amdocs
• Argela Technologies (Türk Telekomünikasyon A.?.)
• Aria Networks Ltd
• BT Group plc
• Cisco Systems Inc
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co. Ltd
• Mavenir
• NEC Corporation (AT&T Inc.)
• Nokia Corporation
• Samsung Electronics Co. Ltd
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
1. How has the global network slicing market performed so far and how will it perform in the coming years?
2. What has been the impact of COVID-19 on the global network slicing market?
3. What are the key regional markets?
4. What is the breakup of the market based on the component?
5. What is the breakup of the market based on the end user?
6. What is the breakup of the market based on the industry vertical?
7. What are the various stages in the value chain of the industry?
8. What are the key driving factors and challenges in the industry?
9. What is the structure of the global network slicing market and who are the key players?
10. What is the degree of competition in the industry?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/network-slicing-market/toc
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