The Global Network Slicing Market is accounted for $120.34 million in 2017 and is expected to reach $726.27 million by 2026 growing at a CAGR of 22.1% during the forecast period. Some of the key factors that drive the growth of the market include growing requirement for high speed internet and large network coverage, rising demand for broadband services over mobile network, high growth rate in mobile data traffic volumes and virtualization of networks. However, lack of edge computing resources and designing challenges are some factors hampering the market scope. Moreover, rising number of IoT connecting devices and nimble networks are providing significant opportunities for the market over the forecast period.
Some of the key players of the Network Slicing market include:
Aria Networks, Affirmed Networks, Intel, NTT DOCOMO, Ericsson, Huawei, Argela, Mavenir, ZTE, SK Telecom, Nokia Networks and Cisco Systems.
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On the basis of application, remote monitoring segment is projected to grow with a largest market share during the forecast period. It has become an important part in maintaining a competitive edge in the market. Network requirements for remote operation include broad coverage, high data throughput and low latency to enable continuous video streaming. 5G will bring a number of benefits to remote control systems, including core network slicing that will enable priority service provisioning, and radio access to bring ultra-low latency and beam forming for high throughput and capacity.
In terms of geography, North America is expected to hold the largest market share during the forecast period owing to its the growing acceptance of smart connected devices, industrial internet of everything (IIoE), and nimble networks. Moreover, the improved budgets and grants have invited various big market players to make significant investments in this region.
Furthermore, consumption market share for each application is offered in the research for 2017 in a tabular format. Regional analysis is discussed in terms of current market status and growth prospects for the period, 2012–2023. Geographies analyzed in the study are North America, Europe, Asia Pacific, South America and Middle East & Africa. Statistics on revenue and growth rate for each region are mentioned with the help of figures for the historic period and the forecast period.
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- Managed Services
- Professional Services
- Cloud Radio Access Network
- Software-Defined Networking and Network Functions Virtualization
- Network Monitoring
- Asset Management
- Remote Monitoring
- Real-Time Streaming
- Supply Chain Management
End Users Covered:
- Banking, Financial Services, and Insurance
- Public Safety
- Media and Entertainment
- Energy and Utilities
- Other End Users
Table of Contents
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Network Slicing Market, By Service
6 Global Network Slicing Market, By Component
7 Global Network Slicing Market, By Technology
8 Global Network Slicing Market, By Application
9 Global Network Slicing Market, By End User
10 Global Network Slicing Market, By Geography
11 Key Developments
12 Company Profiling
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