The network slicing market is expected to grow from USD 281.12 million in 2020 to USD 1176.90 million by 2028, at a CAGR of 19.6 % during the forecast period 2021-2028.
A network slice is a self-sufficient end-to-end logical network that runs on shared natural infrastructure, giving a negotiated service quality. The technology allowing network slicing is transparent to company consumers. The network slice is a logically isolated, self-contained, autonomous & secured part of the network, targeting multiple services with various latency, speed, and reliability necessities. Network slicing is a set of network functions initiated to make a complete network that gives performance necessities of a service type.
The market growth factors are growing demand for IoT solutions, complying with public safety regulations, demand for network coverage, increasing NFV & SDN solutions, and rising mobile subscribers. The factors hampering the market growth are data security concerns, protection split, and security breaches that can lead to enormous operational & monetary loss. The opportunities for market growth are emerging industry applications over industrial, government, and enterprises sectors and low latency connectivity for autonomous vehicles & remote surgery. The challenges of the market growth are the lack of standardization and data protection concerns.
This study delivers a comprehensive analysis of application, component, end-user, and region. The application segment includes automotive, healthcare, manufacturing, BFSI, retail, and transportation. The healthcare segment holds the market share due to the healthcare sector's rapid adoption of network slicing solutions. The healthcare segment offers significant advantages like enhanced latency issues, improved IT agility, better speed & bandwidth connectivity, and dependable healthcare application services. The component segment includes services and solutions. The services segment holds the largest market share due to the quality of service in terms of network resources, which is highly effective & has secured smooth implementation of the 5G networks. The end-user segment includes enterprises and telecom operators. The telecom operators hold the largest market share due to the rapidly deploying 5G to meet customers' requirements. The telecom operators also allow the optimum utilization of their 5G infrastructure to reduce CAPEX. Network slicing permits the resources to be designated to a slice, depending on where & when needed, to meet its precise QoS or SLA needs. Therefore, when a slice is no longer necessary, or performance issues have been resolved, it can deliver the associated resources to inventory for reuse.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America region holds the largest market share due to the growing demand for extensive & high-speed network coverage and the upsurge in the number of IoT-based devices. The North America region has been adapting & utilizing the latest technological improvements and implementing IoT, intelligent machines, and more into their market. Numerous organizations have also been using network slicing to assure that the 5G network works smoothly, mainly for business methods. Furthermore, the region is anticipated to become the early adopters of 5G network services in different areas like AR/VR, automotive, and media & entertainment owing to high consumer digital engagement. The Asia Pacific region is expected to grow due to the significant investments made by suppliers in large-scale infrastructure projects & the selection of new technologies like industrial IoT, tactile internet, C-RAN or RAN, SDN & NFV, expanded reality (AR), and the cloud. Apart from this, the growing government & investments into network slicing technology in the region are anticipated to propel the regional market's growth.
Some key players operating in the global network slicing market areTelefonaktiebolaget LM Ericsson,Huawei Technologies Co., Ltd.,Cisco Systems, Inc.,ZTE Corporation,Nokia Corporation,Parallel Wireless, Inc.,and SK Telecom.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Component
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for IoT solutions
5.2.2. Advancements in the 5G technology
5.2.3. Growing need for ultra-low latency communication
5.2.4. Significant growth in the mobile data traffic volumes
5.3. Restraints
5.3.1.Security concerns associated with network slicing
5.3.2.Low 5G penetration in emerging economies
5.4. Opportunities
5.4.1. Emerging applications across industrial, enterprises, and government sectors
5.4.2. Rise in adoption for remote surgery and autonomous vehicle
5.5. Challenges
5.5.1.Lack of standardization and data security concerns.
6. Global Network Slicing Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2.Automotive
6.3. Healthcare
6.4. Manufacturing
6.5. BFSI
6.6. Retail
6.7. Transportation
7. Global Network Slicing Market Analysis and Forecast, By Component
7.1. Segment Overview
7.2. Services
7.3. Solution
8. Global Network Slicing Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Enterprises
8.3. Telecom Operators
9. Global Network Slicing Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2.North America
9.2.1. US
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. UK
9.3.2. Germany
9.3.3. Italy
9.3.4. Russia
9.3.5. France
9.3.6. Spain
9.3.7. Turkey
9.4. Asia-Pacific
9.4.1. India
9.4.2. Japan
9.4.3. China
9.4.4. Australia
9.4.5. South Korea
9.4.6. Indonesia
9.4.7. Malaysia
9.4.8. Rest of Asia-Pacific (APAC)
9.5. Latin America
9.5.1. Brazil
9.5.2. Argentina
9.6.Middle East & Africa
9.6.1. Saudi Arabia
9.6.2. UAE
9.6.3. South Africa
9.6.4. Rest of Middle East and Africa (MEA)
10. Global Network Slicing Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in GlobalNetwork Slicing Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Cisco Systems, Inc
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Telefonaktiebolaget LM Ericsson
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. SK Telecom
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Huawei Technologies Co., Ltd
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5 ZTE Corporation.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6.Nokia Corporation
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Parallel Wireless, Inc
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
List of Table
1. Global Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
2. Global Automotive, Network Slicing Market, By Region, 2018-2028 (USD Billion)
3. Global Healthcare,Network Slicing Market, ByRegion, 2018-2028 (USD Billion)
4. Global Manufacturing, Carbonated Soft Drink Market, ByRegion, 2018-2028 (USD Billion)
5. Global BFSI, Network Slicing Market, ByRegion, 2018-2028 (USD Billion)
6. Global Retail, Network Slicing Market, ByRegion, 2018-2028 (USD Billion)
7. Global Transportation, Network Slicing Market, ByRegion, 2018-2028 (USD Billion)
8. Global Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
9. Global Services, Network Slicing Market, ByRegion, 2018-2028 (USD Billion)
10. Global Solution, Network Slicing Market, ByRegion, 2018-2028 (USD Billion)
11. Global Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
12. Global Enterprises, Network Slicing Market, By Region, 2018-2028 (USD Billion)
13. Global Telecom Operators, Network Slicing Market, ByRegion, 2018-2028 (USD Billion)
14. North America Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
15. North America Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
16. North America Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
17. U.S. Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
18. U.S. Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
19. U.S. Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
20. Canada Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
21. Canada Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
22. Canada Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
23. Mexico Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
24. Mexico Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
25. Mexico Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
26. Europe Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
27. Europe Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
28. Europe Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
29. U.K. Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
30. U.K. Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
31. U.K. Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
32. Italy Germany Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
33. Italy Germany Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
34. Italy Germany Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
35. France Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
36. France Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
37. France Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
38. Russia Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
39. Russia Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
40. Russia Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
41. Spain Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
42. Spain Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
43. Spain Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
44. Turkey Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
45. Turkey Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
46. Turkey Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
47. Asia-Pacific Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
48. Asia-Pacific Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
49. Asia-Pacific Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
50. India Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
51. India Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
52. India Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
53. Japan Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
54. Japan Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
55. Japan Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
56. China Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
57. China Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
58. China Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
59. Australia Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
60. Australia Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
61. Australia Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
62. South Korea Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
63. South Korea Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
64. South Korea Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
65. Indonesia Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
66. Indonesia Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
67. Indonesia Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
68. Malaysia Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
69. Malaysia Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
70. Malaysia Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
71. Latin America Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
72. Latin America Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
73. Latin America Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
74. Brazil Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
75. Brazil Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
76. Brazil Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
77. Argentina Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
78. Argentina Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
79. Argentina Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
80. Middle East & Africa Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
81. Middle East & Africa Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
82. Middle East & Africa Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
83. Saudi Arabia Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
84. Saudi Arabia Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
85. Saudi Arabia Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
86. UAE Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
87. UAE Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
88. UAE Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
89. South Africa Network Slicing Market, ByApplication, 2018-2028 (USD Billion)
90. South Africa Network Slicing Market, ByComponent, 2018-2028 (USD Billion)
91. South Africa Network Slicing Market, ByEnd User, 2018-2028 (USD Billion)
List of Table
1. Global Network Slicing Market Segmentation
2. Global Network Slicing Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Network Slicing Market Attractiveness Analysis By Application
9. Global Network Slicing Market Attractiveness Analysis By Component
10. Global Network Slicing Market Attractiveness Analysis By End User
11. Global Network Slicing Market Attractiveness Analysis By Region
12. Global Network Slicing Market: Dynamics
13. Global Network Slicing Market Share By Application (2021 & 2028)
14. Global Network Slicing Market Share By Component (2021 & 2028)
15. Global Network Slicing Market Share By End User (2021 & 2028)
16. Global Network Slicing Market Share by Regions (2021 & 2028)
17. Global Network Slicing Market Share by Company (2020)
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