"Network Slicing Market – Industry Trends and Forecast to 2028
Global Network Slicing Market, By Component (Technologies and Services), Application Area (Remote Monitoring, Real-Time Surveillance, Supply Chain Management, Asset Management, Real-Time Streaming, Network Monitoring, Network Function Virtualization and Multimedia), Industry Vertical (Manufacturing, Automotive, Energy and Utilities, Healthcare, Media and Entertainment, BFSI, Public Safety, Agriculture and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Surge in the evolution of cellular network technology which has offered higher data speeds and lower latency, growing need to manage and analyse organizational data effectively and efficiently and high adoption rate for 5G networks and associated technologies especially in the developing economies are the major factors attributable to the growth of the network slicing market. Data Bridge Market Research analyses that the network slicing market will exhibit a CAGR of 26.40% for the forecast period of 2021-2028. Therefore, the network slicing market value would stand tall by USD 391.08 billion by 2028.
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Network slicing is the differentiation of various different networks that enables the integration of a vast number of networks on the same hardware infrastructure. In other words, network slicing assists in the creation of multiple virtual networks over a common physical infrastructure. This helps in enhancing the operational efficiency and saving a lot of time.
**Segments**
- **Type**: The network slicing market can be segmented based on type into physical network function (PNF) and virtual network function (VNF). PNF involves the use of physical devices for network functions, while VNF utilizes software-based infrastructure for the same.
- **Application**: Another crucial segmentation of this market is based on application, which includes network function virtualization (NFV), software-defined networking (SDN), mobile edge computing (MEC), and others. Each application segment has specific requirements and benefits for network slicing.
- **End-User**: The end-user segment of the network slicing market is diverse and includes telecommunications companies, enterprises, data centers, and cloud service providers. Understanding the specific needs of each end-user category is essential for market players to cater to their networking requirements effectively.
**Market Players**
- **Huawei Technologies Co., Ltd.**: As a prominent player in the network slicing market, Huawei offers a comprehensive range of network slicing solutions that cater to various industries and use cases. Their advanced technologies and global presence make them a key player in this competitive market.
- **Nokia Corporation**: Nokia is another major market player that provides innovative network slicing solutions to enhance network performance and efficiency. With a focus on 5G network slicing capabilities, Nokia remains at the forefront of technological developments in this space.
- **Cisco Systems, Inc.**: Cisco is a renowned name in the networking industry, offering cutting-edge network slicing solutions that empower businesses to optimize their network resources. Their expertise in SDN and NFV further strengthens their position in the market.
- **Ericsson**: Ericsson is a key player in the network slicing market, known for its robust infrastructure solutions that enable seamless network slicing implementation. With a strong emphasis on 5G network slicing, Ericsson continues to drive advancements in this sector.
The network slicing market is witnessing significant growth and evolution, driven by increasing demand for enhanced network performance, cost optimization, and rapid deployment of diverse services.The network slicing market is experiencing a rapid expansion and transformation, propelled by a surge in demand for improved network efficiency, cost-effectiveness, and the quick deployment of a wide range of services across various industries. One of the key drivers of this growth is the increasing adoption of technologies such as 5G, IoT, AI, and cloud computing, which require more dynamic and flexible network configurations. As a result, market players are focusing on developing advanced network slicing solutions that can address the evolving needs of telecommunications companies, enterprises, data centers, and cloud service providers.
In terms of segmentation, the network slicing market can be categorized based on type into physical network function (PNF) and virtual network function (VNF). The distinction lies in the use of physical devices for network functions in PNF, while VNF relies on software-based infrastructure for the same purpose. This segmentation allows companies to choose the most suitable network slicing approach based on their specific requirements and infrastructure capabilities. Furthermore, the classification by application, such as network function virtualization (NFV), software-defined networking (SDN), and mobile edge computing (MEC, provides insight into the diverse use cases of network slicing across different industries.
Market players like Huawei Technologies Co., Ltd., Nokia Corporation, Cisco Systems, Inc., and Ericsson are instrumental in driving innovation and competition within the network slicing market. Huawei stands out for its comprehensive range of solutions tailored to various industries, leveraging advanced technologies and a global presence to maintain a competitive edge. Nokia focuses on delivering innovative network slicing solutions that enhance network performance, particularly in the realm of 5G technology. Cisco's expertise in SDN and NFV positions it as a leader in providing cutting-edge network slicing solutions to optimize network resources for businesses. Additionally, Ericsson's robust infrastructure solutions emphasize seamless network slicing implementation, with a strong emphasis on 5G network slicing advancements.
The market's growth trajectory is further fueled by the increasing demand for network slicing technologies that can deliver enhanced quality of service,**Global Network Slicing Market**
- **Component**: The market is segmented into technologies and services to cater to the diverse needs of businesses looking to implement network slicing solutions effectively. Technologies include advanced networking tools, while services encompass consulting, deployment, and maintenance services for seamless integration.
- **Application Area**: The application areas of network slicing span across remote monitoring, real-time surveillance, supply chain management, asset management, real-time streaming, network monitoring, network function virtualization, and multimedia. Each application area has specific requirements and benefits for businesses seeking to optimize their network operations.
- **Industry Vertical**: The network slicing market serves a wide range of industry verticals, including manufacturing, automotive, energy and utilities, healthcare, media and entertainment, BFSI, public safety, agriculture, and others. The adoption of network slicing solutions varies across industries based on their unique networking needs and operational objectives.
- **Country**: The market analysis covers regions such as the U.S., Canada, Mexico, Brazil, Argentina, Germany, France, Italy, U.K., Japan, China, India, Australia, U.A.E, Saudi Arabia, South Africa, and others. Each country showcases varying levels of adoption and investment in network slicing technologies, influencing the overall market dynamics.
The global network slicing market is witnessing a significant surge in demand driven by the need for enhanced network performance, cost optimization, and rapid deployment of diverse services across industries. The adoption of technologies like 5G, IoT, AI, and cloud computing is
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Network Slicing Market Landscape
Part 04: Global Network Slicing Market Sizing
Part 05: Global Network Slicing Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Network Slicing Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Network Slicing Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
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