About Network Slicing
Network slicing is the separation of multiple virtual networks that run on the same physical hardware for diverse applications, services or purposes. This form of virtual network architecture combines principles behind software-defined networking and network functions virtualization on a fixed network to rise flexibility.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 46.0% |
The network slicing market is fragmented with players collaborating with each other to provide required availability, a specified latency, data rate, and security. The solutions provider can also help carriers implement network slice lifecycle management in the preparation of 5G. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Network Slicing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco (United States), Huawei (China), Nokia (Finland), Ericsson (Sweden), SK Telecom (South Korea), NTT Docomo Inc. (Japan), ZTE (China), Intel (United States), Deutsche Telekom (Germany) and Samsung Electronics (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Aria Networks (United Kingdom) and Telefónica (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Network Slicing market by Type (Technologies and Services), Application (Remote Monitoring, Supply Chain Management, Asset Management, Real-Time Streaming, Network Monitoring and Multimedia) and Region.
On the basis of geography, the market of Network Slicing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Professional Services will boost the Network Slicing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. SDN & NFV will boost the Network Slicing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of 5G Network
Market Growth Drivers:
Increasing Demand For High-speed And Large Network Coverage and Virtualization of Networks
Challenges:
Need for an Accurate End-to-End View of Network Performance, from the User/Device to the Data Server
Restraints:
Low 5G Penetration in Emerging Economies
Opportunities:
Increasing Number of IoT-Connected Devices and Rising Usage of Agile Network
Market Leaders and their expansionary development strategies
In February 2024, BT Group, Ericsson and Qualcomm Technologies, Inc. have successfully demonstrated end-to-end consumer and enterprise 5G differentiated connectivity enabled by network slicing on Ericsson’s 5G Core and Radio Access Network technology in the UK with devices powered by the Snapdragon ® 8 Gen 2 for Galaxy Mobile Platform.
In August 2023, Mobile launched a network slicing beta for developers based on application type, initially focused on bringing video calling applications to the next level.
Key Target Audience
Network Solution Providers, Network Operators, Managed Service Providers (MSPs), Technology Consultants, Potential Investors and Research and Development Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.