Global Network Slicing Market is valued at USD 231.6 Million in 2021 and expected to reach USD 5,496.99 Million by 2028 with a CAGR of 57.2% over the forecast period.
Global Network Slicing Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The growing need to enhance mobile internet protection, the widespread implementation of wireless automation to decrease company’s overall expenses, and the growing need to assist acceptable Internet of Things (IoT) as well as other advanced technology adaptation are crucial factors driving the global network slicing market growth.
Network slicing is a method of constructing many different virtualizations and logical connections over a common multi-domain architecture by using connection services emulation, software-defined connectivity, automating, orchestration, and monitoring. Utilizing this technology, many virtual systems may be formed using a shared physical foundation. Virtual networking slices are made up of separate logical networking functions that provide specialized functions. Several networking slices may be optimized to deliver the required assets and Quality of Service (QoS) in respect of latency, capacity, range, and bandwidth, among other things. Network slicing enables functional elements to be distributed across systems while separating each slice to minimize interference.
The COVID-19 outbreak has had a negative impact on numerous economies throughout the world. Lockdowns, social distancing, and quarantines used to counter COVID-19 have had a negative effect on several businesses globally, including IT and telecoms. Enterprise virtual private network (VPN) infrastructures are becoming essential services for organizations/schools, for most workers operating from homes and students studying digitally. As per UNESCO, 850 million pupils are now studying and attending courses from home, while a few million professionals have abruptly moved to work remotely, causing a massive shift in the use of communications infrastructures. Since most individuals have been restricted to their houses, network bandwidth in Europe has surged by nearly 50%.
Owing to COVID-19, 3GPP, the global organization creating 5G technology, reported three postponements in the release of 5G standards in March 2020. The commercial advancement of network slicing technologies and 5G installations has been hindered by delayed deliveries. However, industry leaders are working hard to get the network slicing business back on track. Furthermore, local governments are launching several programs to alleviate the harmful effects of COVID-19. As a consequence, by 2024, the network slicing industry is predicted to recover.
The global Network Slicing market is segmented based on the component, end-use, industry, and region & country level. Based on component, the global market is segmented into component and service (professional service, managed service). By end-user, the market is segmented into cloud enterprise and communication service provider. By industry, the global Network Slicing market is segmented into energy & utilities, government, healthcare, transportation & logistics, manufacturing, financial services, media & entertainment, retail, and others.
The regions covered in the global Network Slicing market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Network Slicing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Globally Manufacturers such as
On January 27, 2022; Ericsson introduced its Dynamic Network Slice Selection technology, which allows 5G devices to handle various customized slices. This would enable communication service providers (CSPs) to more easily isolate applications in their 5G infrastructure and improve traffic direction to optimize the level of encounter on a single system. Different services will assist consumers, such as a general mobile internet slicing for basic consumption applications, a particular slice for a business including gaming, as well as a high-security slicing for business applications.
On September 9, 2022; The world's first commercialized 5G standalone (SA) networking with network slicing for Fixed Wireless Access (FWA) operations was launched by Nokia and Telia Finland. Telia is integrating 5G SA into its 5G Fixed Wireless Access (FWA) home telecommunications services and will soon be able to provide a variety of broadband solutions with assured performance standards to its consumers in Finland.
On March 15, 2022; Vodafone and Ericsson announced the completion of the United Kingdom's first 5G standalone (SA) infrastructure slicing pilot. Ericsson and Vodafone used a radio access network (RAN) slicing mechanism to build an on-demand 5G network connection in their collaborative lab demonstration. Their objective was to deliver the low latency and large bandwidth necessary for a retail shop interactive virtual use case. The slice, claimed by Vodafone, guarantees a data speed of 260 Mbps and a latency of 12.4 milliseconds.
Based on GSMA, network slicing, in conjunction with other drivers and competencies, will assist operators in addressing a USD 300 billion income potential by 2025. Network slicing is becoming more popular as it reshapes numerous sectors by linking all sorts of gadgets, utilities, platforms, and applications, IoT acceptance, and ongoing improvements in Machine-to-Machine (M2M) connectivity networks. 5G with network slicing could be useful for a wide range of IoT applications by facilitating communication among huge numbers of sensors and connected devices. As a consequence, the market for network slicing is expected to increase substantially throughout the projection period. Businesses are increasingly looking for network-slicing technologies to help them with their digital revolution initiatives. The popularity of network slicing is expected to increase as a result of several technological developments and the expansion of dynamic environments. These characteristics have opened the way for new commercial uses to develop in a range of sectors, which is driving the network slicing industry size rise.
Millions of healthcare devices, ranging from at-home medical testing devices to multimillion-dollar imaging devices in hospitals, are increasingly requiring connection as a crucial value-added element. Ericsson forecasts a USD 76 billion revenue potential for operators tackling healthcare modernization with 5G in 2026. In aspects of imaging, diagnostics, and information analytics, it will allow numerous innovative techniques in the healthcare industry. For example, hospitals might use virtual reality to do remote robotic surgery as though the surgeon were right next to the patients, utilizing a tailored 5G network slice.
Some difficulties, including security breaches, data cooperation, and exposure limits, may impede market development and, as a result, the worldwide network-slicing industry. Furthermore, CIOs are primarily worried regarding network slicing protection, which may result in large damages for businesses and service suppliers. SDN, NFV, as well as cloud-native architecture, were used to build the modern network architecture. Network functions are isolated from their supporting infrastructure and dispersed among municipal, regional, and centralized datacentres.
During the projection period, the industry in North America is estimated to account for the biggest market position in the worldwide industry. This may be attributable to the significant representation in the area of important industry players including Hewlett Packard Enterprise Development LP, Microsoft Corporation, and Cisco Systems, Inc., amongst many others. Furthermore, the acceptance of next-generation innovations including telecom platforms like LTE and 5G, Augmented Reality (AR), and IoT, among many others, is likely to boost economic development in the area. On March 2, 2022, for example, Microsoft Corporation introduced Azure Operator Distributed Services, the next edition of its hybrids 5G cloud telco infrastructure that integrates AT&T's Network Cloud computing with Azure's management, deep learning, encryption, and advanced analytics.
Because of the presence of large automotive and telecommunications firms like Volkswagen Group, Porsche, BMW, and Vodafone, the industry in Europe is predicted to develop at a much faster pace throughout the projection period. Major corporations are doing research and development to create new network technologies that will reach faster speeds and more efficiency. For example, on September 2, 2021, Vodafone Group as well as Porsche will implement a private 5G infrastructure at Porsche's Weissach Development Company. At the production site, the integrated network allows the strategic construction of novel vehicle systems and services. The newest 5G infrastructure is a completely independent 5G solution operating at 3.5 GHz. 5G freestanding offers network slicing within Porsche's research center, enabling the supplier and Porsche to create tiny sub-networks with assured bandwidths and latency times within Porsche's research facility.
Middle East and Africa
|2015 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 231.6 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 5,496.99 Million
|Tables, Charts & Figures:
|Cisco Systems Inc., Huawei Technologies Co., Ltd., Argela Technologies, Hewlett Packard Enterprise, Mavenir, NTT Docomo, Nokia, Samsung, Telefonaktiebolaget LM Ericsson, Ericsson, ZTE, Aria Networks, Intel, SK Telecom, and Affirmed Networks Inc.
|By Component, By Solution, By End-User.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us firstname.lastname@example.orgJOIN US
BrandEssence® Market Research and Consulting Pvt ltd.
124, City Road, London EC1V 2NX
© Copyright 2024-25 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®