Global Network Slicing Market to Reach US$ 1,082.2 Million by 2027, Impelled by Escalating Demandfor High-Speed Internet Connectivity

According to the latest report by IMARC Group, titled, “Network Slicing Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027“,The global network slicing market reached a value of US$ 299.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,082.2 Million by 2027, exhibiting at a CAGR of 24.06% during 2022-2027. 

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Network slicing refers to the method of building multiple logical and unique virtualized networkson a common physical infrastructure which is an essential network configuration component of the fifth-generation (5G)architectural landscape. It is generally created by mobile network operators (MNOs) using network functions virtualization (NFV), software-defined networking (SDN), analytics, orchestrationand automation for supporting a specific application or a set of networks. It aids in minimizing operating costs, reducing capital expenditureand providing improved operational efficiency by transforming business operations andtailoring networking specifications. As a result, it is widely adopted in real-time streaming, asset management, supply chain management and network monitoring.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Network Slicing Market Trends:

The global market is primarily driven by the increasing demand for network slicing by communication service providers. This is supported by continual improvements in the cellular network technology and the escalating preference for high-speed internet connectivity among the masses. Additionally, the sudden outbreak of coronavirus disease (COVID-19) has led to the growing demand for broadband services across geographically extended areas, which ispositively impacting the market. Along with this, continuous technological advancements and the deployment of the 5G services in artificial intelligence (AI), autonomous driving, virtual reality (VR) and augmented reality (AR) applications are providing an impetus to the market. Moreover, rising investments by public and private firms for upgrading the existing telecom infrastructure across multiple countries are positively influencing the market. Furthermore, the increasing adoption of 5G network for conductingcomplex surgeries using robots in the healthcare sector is acting as another growth-inducing factor. Other factors, including the expansion of smart grids as an initiative of smart city development and extensive research and development (R&D) activities conducted by key players, are also projected to drive the market growth.

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Network Slicing Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Affirmed Networks Inc. (Microsoft Corporation), Amdocs, Argela Technologies (Türk Telekomünikasyon A.?.), Aria Networks Ltd., BT Group plc, Cisco Systems Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Mavenir, NEC Corporation (AT&T Inc.), Nokia Corporation, Samsung Electronics Co. Ltd, Telefonaktiebolaget LM Ericsson and ZTE Corporation.

The report has segmented the market on the basis on component, end user and industry vertical.

Breakup by Component:

  • Solution
  • Services 

Breakup by End User:

  • Telecom Operators
  • Enterprises

Breakup by Industry Vertical:

  • Manufacturing
  • Healthcare
  • Automotive
  • Media and Entertainment
  • Transport and Logistic
  • BFSI
  • Government
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/network-slicing-market

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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