Executive Summary

The network slicing market is expected to grow at a significant pace in the coming years, driven by the increasing demand for high-speed, low-latency communication networks and the proliferation of 5G networks. The market is characterized by intense competition and rapid technological advancements, with leading players investing heavily in research and development to gain a competitive edge.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global network slicing market is expected to grow at a CAGR of 16.4% from 2021 to 2028.
• The market is driven by the increasing demand for high-speed, low-latency communication networks and the proliferation of 5G networks.
• The market is characterized by intense competition and rapid technological advancements.
• Leading players in the market are investing heavily in research and development to gain a competitive edge.
• North America and Europe are expected to dominate the market, while Asia-Pacific is expected to grow at the fastest pace.
• The network slicing market is expected to have a significant impact on various industries, including healthcare, manufacturing, and transportation.

Market Drivers

The following are some of the key drivers of the network slicing market:

• Increasing demand for high-speed, low-latency communication networks: With the growing adoption of IoT, AI, and other emerging technologies, there is a need for high-speed, low-latency communication networks that can support real-time data processing and analysis.
• Proliferation of 5G networks: The deployment of 5G networks is driving the demand for network slicing, as it allows operators to allocate network resources dynamically based on user requirements and network conditions.
• Growing need for network customization: With the increasing diversity of applications and services, there is a need for customized network configurations that can meet specific performance requirements.
• Rising demand for network virtualization: Virtualization is becoming an increasingly popular way to optimize network resources and reduce costs, and network slicing is an important part of this trend.

Market Restraints

The following are some of the key restraints of the network slicing market:

• High implementation costs: Network slicing requires significant investments in infrastructure, equipment, and software, which can be a barrier to entry for smaller players.
• Complexity of network slicing: Network slicing is a complex technology that requires specialized expertise and knowledge, making it difficult for some operators to implement.
• Security concerns: Network slicing raises security concerns, as it involves the sharing of network resources among multiple users, which can increase the risk of cyber-attacks and data breaches.
• Lack of standardization: The lack of standardization in network slicing can create interoperability issues and limit the ability of operators to integrate different network slices.

Market Opportunities

The following are some of the key opportunities in the network slicing market:

• Emerging applications and services: The proliferation of new applications and services, such as autonomous vehicles, remote surgery, and smart cities, is creating new opportunities for network slicing.

• Edge computing is becoming increasingly important in the context of network slicing, as it allows for faster data processing and reduced latency.
• Integration with cloud computing: The integration of network slicing with cloud computing can provide greater flexibility and scalability, enabling operators to deliver more customized services to their customers.
• Growth in the healthcare sector: The healthcare sector is expected to be a major beneficiary of network slicing technology, as it can enable remote patient monitoring and telemedicine services.

Market Dynamics

The network slicing market is characterized by intense competition and rapid technological advancements, with leading players investing heavily in research and development to gain a competitive edge. The market is expected to grow at a significant pace in the coming years, driven by the increasing demand for high-speed, low-latency communication networks and the proliferation of 5G networks.

Regional Analysis

North America and Europe are expected to dominate the network slicing market, due to the presence of a large number of established players and the availability of advanced network infrastructure. Asia-Pacific is expected to grow at the fastest pace, driven by the increasing adoption of 5G networks and the emergence of new applications and services.

Competitive Landscape

Leading companies in the Network Slicing Market:

1. Huawei Technologies Co., Ltd.
2. Nokia Corporation
3. Ericsson AB
4. ZTE Corporation
5. Cisco Systems, Inc.
6. Samsung Electronics Co., Ltd.
7. Mavenir Systems, Inc.
8. Affirmed Networks (Microsoft Corporation)
9. NEC Corporation
10. Parallel Wireless, Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The network slicing market can be segmented based on technology, deployment model, end-user, and region. Based on technology, the market can be segmented into software-defined networking (SDN), network functions virtualization (NFV), and mobile edge computing (MEC). Based on deployment model, the market can be segmented into on-premises and cloud-based. Based on end-user, the market can be segmented into telecom operators, cloud service providers, and enterprises.

Category-wise Insights

Telecom operators are expected to be the largest end-user segment in the network slicing market, due to their increasing investment in 5G networks and the need to offer customized network services to their customers. Cloud service providers are expected to grow at a significant pace, due to the growing demand for cloud-based network slicing solutions.

Key Benefits for Industry Participants and Stakeholders

• Improved network performance and reliability
• Customized network configurations to meet specific requirements
• Increased flexibility and scalability
• Reduced operational costs
• Enhanced user experience

SWOT Analysis

Strengths:

• Growing demand for high-speed, low-latency communication networks
• Proliferation of 5G networks
• Increasing need for network customization
• Rising demand for network virtualization

Weaknesses:

• High implementation costs
• Complexity of network slicing
• Security concerns
• Lack of standardization

Opportunities:

• Emerging applications and services
• Increased focus on edge computing
• Integration with cloud computing
• Growth in the healthcare sector

Threats:

• Intense competition
• Rapid technological advancements
• Regulatory challenges
• Economic slowdown

Market Key Trends

• Increasing adoption of 5G networks
• Emergence of new applications and services
• Growing focus on edge computing
• Integration with cloud computing
• Use of artificial intelligence (AI) and machine learning (ML) in network slicing

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the network slicing market, as it has led to an increase in remote working, e-learning, and telemedicine services. This has created a growing demand for high-speed, low-latency communication networks, which are essential for supporting these services.

Key Industry Developments

• In May 2021, Ericsson AB announced that it had partnered with Telenor Sweden to launch a 5G network slicing trial for specific industries, such as healthcare and transportation.

• In March 2021, ZTE Corporation announced that it had launched a commercial 5G network slicing solution, enabling operators to provide customized network services to their customers.
• In February 2021, Nokia Corporation announced that it had collaborated with China Mobile to demonstrate the potential of network slicing technology in the field of industrial automation.

Analyst Suggestions

• Invest in research and development to stay ahead of the competition.
• Focus on developing customized solutions for specific industries and applications.
• Explore opportunities in emerging markets, such as Asia-Pacific and Latin America.
• Collaborate with other industry players to promote standardization and interoperability.
• Address security concerns through the development of robust security protocols.

Future Outlook

The network slicing market is expected to grow at a significant pace in the coming years, driven by the increasing demand for high-speed, low-latency communication networks and the proliferation of 5G networks. The market is characterized by intense competition and rapid technological advancements, with leading players investing heavily in research and development to gain a competitive edge. The integration of network slicing with edge computing and cloud computing is expected to create new opportunities for operators, enabling them to deliver more customized services to their customers. The healthcare sector is expected to be a major beneficiary of network slicing technology, as it can enable remote patient monitoring and telemedicine services.

 Conclusion

In conclusion, the network slicing market is a rapidly growing segment of the telecommunications industry, with the potential to revolutionize the way networks are designed and operated. Network slicing technology allows operators to allocate network resources dynamically based on user requirements and network conditions, providing a more flexible and scalable network architecture.

The market is expected to grow at a significant pace in the coming years, driven by the increasing demand for high-speed, low-latency communication networks and the proliferation of 5G networks. The market is characterized by intense competition and rapid technological advancements, with leading players investing heavily in research and development to gain a competitive edge.