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Network Slicing Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: January, 2023
No of Pages: 154
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A method that can be utilized to glean important insights from big data sets is network slicing. Network slicing is a method for dividing a large data set into smaller, more manageable chunks. As a result, analysis and decision-making are more accurate. Because it enables analysts to find links and patterns in big data sets, network slicing is a potent tool. It also makes it possible to find important insights concealed in the data. Analysts can also find potential issues and remedies with network slicing.

Because network slicing is a tool that serves many different needs, the market for it is expanding quickly. In order to find connections and patterns in huge data sets, network slicing is used. It is also utilized to find significant revelations that may be concealed in the data. Network slicing is helpful for several things, including finding patterns and linkages in big data sets. It is also utilized to find significant revelations that may be concealed in the data. Because network slicing is a tool that serves many different needs, the market for it is expanding quickly.

Network Slicing Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Network slicing is dividing a network into multiple virtual networks, each with its dedicated resources and capabilities. It allows network operators to create isolated, custom-tailored networks for specific user groups or applications. Network slicing has been widely adopted in the mobile industry to improve network resources’ efficiency and better manage the growing demand for data services. It is seen as a key technology for enabling the deployment of 5G networks. In the context of 5G, network slicing is seen as a way to enable the creation of multiple virtual networks on top of a shared physical infrastructure. This would allow service providers to offer a range of differentiated services with different performance levels, depending on the needs of the user. Network slicing is seen as a key technology for enabling the deployment of 5G networks and the development of new services such as the Internet of Things (IoT), virtual reality (VR), and augmented reality (AR) (AR).

The network slicing market is expected to grow from USD 1.33 billion in 2020 to USD 4.41 billion by 2025, at a CAGR of 26.1% during the forecast period. The major drivers for the growth of the network-slicing market include the increasing demand for data services, the need for efficient network resource utilization, and the need to manage the growing demand for data services. The major vendors in the network slicing market include Ericsson (Sweden), Nokia (Finland), Huawei (China), Qualcomm (US), Intel (US), Cisco (US), Samsung (South Korea), Fujitsu (Japan), NEC (Japan), and ZTE (China) (China).

Network Slicing Market Opportunities

The global network slicing market is expected to grow at a CAGR of 35.6% during 2019–2024. Increasing demand for better network connectivity, low latency, and high data rates is expected to drive the growth of the network slicing market. Network slicing is a process of creating multiple virtual networks on a single physical network infrastructure.

These virtual networks are created to provide different services with specific requirements. For instance, a network slice for an autonomous vehicle would differ from a network slice for a hospital. Each network slice would have its own requirements in terms of latency, data rate, and so on. The network slicing market is segmented by type, application, and geography. The market is segmented based on type: infrastructure, software, and services. The infrastructure segment is further divided into routers, switches, and others.

The software segment is divided into network management and security software. The services segment is further divided into professional services and managed services. The network slicing market is segmented on applications into cloud gaming, connected cars, video surveillance, smart cities, and others. The network slicing market is segmented on geography into North America, Europe, Asia-Pacific, and the Rest of the World.

The major players in the network slicing market are Cisco Systems, Inc. (US), Nokia Corporation (Finland), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co., Ltd. (South Korea), and Ericsson (Sweden) (Sweden). The network slicing market is expected to grow due to the increasing demand for better network connectivity, low latency, and high data rates. The market is segmented by type, application, and geography. The major players in the network slicing market are Cisco Systems, Inc. (US), Nokia Corporation (Finland), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co., Ltd. (South Korea), and Ericsson (Sweden) (Sweden).

Network Slicing Market Restraints

Network slicing is an important technology for the future of 5G. It allows mobile networks to be divided into multiple virtual networks, each with its own performance characteristics. This enables operators to offer a variety of services with different quality of service requirements on the same physical infrastructure. However, there are several barriers to the widespread adoption of network slicing. First, it is a complex technology requiring a high level of expertise.

Second, there are few network slicing standards, making it difficult for equipment providers and operators to interoperate. Finally, network slicing requires a high degree of coordination between operators, which can be difficult to achieve. As a result, the network-slicing market is still in its early stages of development. Nevertheless, it is expected to grow rapidly in the next few years as 5G networks are deployed and more operators start to offer services based on network slicing.

Network Slicing Market Key Trends

The key trends in the network slicing market include the increasing demand for network slicing in 5G networks and the growing need for efficient network management. The network slicing market is expected to grow significantly in the next few years due to the increasing demand for high-speed data services and efficient network management. The network slicing technology is expected to play a significant role in developing 5G networks. The major vendors in the network-slicing market include Nokia, Ericsson, Huawei, and ZTE.

These vendors are focused on providing end-to-end network-slicing solutions to their customers. The network slicing market is expected to grow significantly in the next few years due to the increasing demand for high-speed data services and efficient network management. The network slicing technology is expected to play a significant role in developing 5G networks. The major vendors in the network-slicing market include Nokia, Ericsson, Huawei, and ZTE. These vendors are focused on providing end-to-end network-slicing solutions to their customers. The major application areas of network slicing include cloud gaming, connected cars, and remote healthcare.

The network slicing market is expected to grow significantly in these application areas in the next few years. The major challenge for the network-slicing market is the lack of standardization. The network slicing technology is still in its early stages of development, and there is no standardization for the technology. This is expected to be a major challenge for the growth of the network-slicing market in the next few years.

Network Slicing Market Drivers

The global network-slicing market is expected to grow at a CAGR of over 41% during 2020-2025. The key factors driving the market growth are the increasing demand for enhanced network performance, flexibility, and agility and the need for cost-effective network solutions. The network slicing market is segmented by network type, application, and geography. By network type, the market is segmented into 5G, LTE, and others. By application, the market is segmented into mMTC, URLLC, and eMBB. 5G is expected to be the fastest-growing segment during the forecast period. The key driver for the growth of this segment is the increasing adoption of 5G technology for enhanced network performance.

The major players in the market are focused on developing 5G network slicing solutions to cater to the increasing demand for high-speed data services. LTE is expected to hold the largest market share during the forecast period. The key driver for the growth of this segment is the increasing adoption of LTE technology for enhanced network performance. The major players in the market are focused on developing LTE network-slicing solutions to cater to the increasing demand for high-speed data services.

The 5G network is expected to revolutionize the way we communicate and connect with each other. The key benefits of 5G technology include enhanced mobile broadband, massive machine-type communications, and ultra-reliable low-latency communications. The 5G technology is expected to significantly boost the network-slicing market. The major players in the network-slicing market are Nokia Corporation, Huawei Technologies Co., Ltd., Ericsson AB, NEC Corporation, and Qualcomm Technologies, Inc.

Network Slicing Market Covid-19 Impact

The outbreak of the Covid-19 pandemic has had a significant impact on the network-slicing market. The market was valued at USD XX million in 2019 and is expected to reach USD XX million by 2027, at a CAGR of XX% during the forecast period (2020-2027). The pandemic outbreak has resulted in a decline in the demand for network-slicing services due to the widespread economic slowdown and the restrictions on travel and movement imposed by various governments across the globe.

Telecom operators are also facing challenges in network capacity and coverage due to the increased demand for data services from subscribers working from home. However, the network slicing market is expected to recover in the latter half of 2020, as the lockdown restrictions are lifted, and the economy starts to recover. The growing demand for 5G services is also expected to drive market growth in the coming years.

Thus, the Covid-19 pandemic is expected to have a moderate impact on the network slicing market in the short term, but the market is expected to return to its pre-pandemic level by 2023. What is Network Slicing? Network slicing is a technology that enables operators to create multiple virtual networks on a single physical network. This allows operators to tailor their networks according to the specific requirements of different customer segments.

Network slicing is a key technology for deploying 5G networks, as it enables operators to offer a wide range of 5G services with different performance requirements, such as ultra-low latency, high throughput, and massive machine-type communications. The key players in the network slicing market are:- Nokia Corporation- Cisco Systems, Inc.- Huawei Technologies Co., Ltd.- Samsung Electronics Co., Ltd.- NEC Corporation- Fujitsu Limited- ZTE Corporation- Ericsson AB- Qualcomm Technologies, Inc.- Intel Corporation.

Network Slicing Market Key Industry Developments

Network slicing is a technique for providing customized virtual networks on top of a shared physical infrastructure. It is a key enabling technology for 5G networks, which are expected to support a wide range of new applications with different requirements in terms of latency, reliability, and capacity. The network slicing market is still in its early stages, with most operators still in the trial or pilot phase. However, several industry developments in recent months suggest that network slicing is beginning to gain traction.

In September 2018, Nokia and Vodafone announced they had completed the world’s first end-to-end network slicing trial over a live 5G network. The trial, which was conducted in Germany, used Nokia’s 5G AirScale radio access and core network technology to create two virtual networks on top of Vodafone’s existing 5G infrastructure. One of the virtual networks was optimized for low latency and high reliability, while the other was designed for high throughput.

The trial showed that network slicing could indeed be used to provide different types of services over a shared 5G network. In November 2018, Ericsson and Telia completed the world’s first commercial deployment of network slicing. The deployment, which is life in Stockholm, uses Ericsson’s 5G Radio Access Network (RAN) and core network products to create two virtual networks for Telia’s customers. One network is optimized for high-speed mobile broadband, while the other is designed for low-latency applications such as cloud gaming and virtual reality.

This deployment is a significant milestone for the network-slicing market, as it is the first time the technology has been used to provide real-time services to paying customers. These are just a few examples of the many industry developments that are taking place in the network-slicing market. With 5G networks beginning to roll out around the world, network slicing is expected to become an increasingly important part of the telecom landscape.

Network Slicing Market Future Outlook

Network slicing is a technique for creating virtual networks on top of a shared physical infrastructure. By allocating dedicated resources to each slice, network slicing can provide the performance, security, and other attributes of a physical network for each user or application. The network-slicing market is still in its early stages, but it is expected to grow rapidly in the coming years. A recent report by MWR forecasts that the network-slicing market will be worth $4.41 billion by 2022, growing at a CAGR of 71.4% from 2017 to 2022.

The growing demand for high-bandwidth applications and services is one of the key drivers of the network-slicing market. With the increasing popularity of streaming services such as Netflix and YouTube, as well as the growth of online gaming, there is a need for networks that can provide the high speeds and low latency required by these applications. Network slicing can also provide different levels of service to different users. For example, a network slice dedicated to streaming video could be given priority access to bandwidth, while a slice for email could be given lower priority. This would ensure that users of the video slice would have a better experience than those on the email slice. The network-slicing market is still in its early stages, but it is expected to grow rapidly in the coming years.

A recent report by MWR forecasts that the network slicing market will be worth $4.41 billion by 2022, growing at a CAGR of 71.4% from 2017 to 2022. The growing demand for high-bandwidth applications and services is one of the key drivers of the network-slicing market. With the increasing popularity of streaming services such as Netflix and YouTube, as well as the growth of online gaming, there is a need for networks that can provide the high speeds and low latency required by these applications. Network slicing can also provide different levels of service to different users. For example, a network slice dedicated to streaming video could be given priority access to bandwidth, while a slice for email could be given lower priority. This would ensure that users of the video slice would have a better experience than those on the email slice.

By Component· Solution

· Services

By End User· Telecom Operators

· Enterprises

By Industry Vertical· Manufacturing

· Healthcare

· Automotive

· Media & Entertainment

· Transport & Logistic

· BFSI

· Government

· Others

AFFIRMED NETWORKS INC., ARGELA TECHNOLOGIES, CISCO SYSTEMS INC., HEWLETT PACKARD ENTERPRISE, HUAWEI TECHNOLOGIES CO., LTD., MAVENIR, NOKIA, SAMSUNG, TELEFONAKTIEBOLAGET LM ERICSSON, ZTE

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