Network slicing allows multiple unique logical and virtualized networks to run over a shared physical network infrastructure. It allows a physical mobile network operator to partition its network resources to support several applications, including IoT, smart grid, smart factory, smart homes, and connected cars.
In 2019, the global market share of network slicing was mainly dominated by the telecom operators segment. But today, due to the demand for robust network solutions to enhance productivity, several enterprises are adopting it.
Network slicing combined with 5G allows businesses to enjoy connectivity and data processing, specifically tailored to their business requirements. Customizable network capabilities include latency, data speed, quality, services, and security.
This increased demand for high-speed network coverage has opened up new avenues for the market.
A report titled “Network Slicing Market: GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2027” has been published, which shares insights about the global network slicing market.
In this report, a quantitative analysis of the network slicing market for the period 2020-2027 has been shared to provide insights into the market potential.
The report shares how the global network slicing market has been segmented. Some of the segmentation criteria include – component, application, type, end-user, region, and industry vertical.
Depending on the end-user, it is segmented into telecom operators and enterprises.
Based on industry vertical, it can be segmented into – Healthcare, manufacturing, media and entertainment, automotive, BFSI, transport & logistic, and others.
Region-wise, it is analyzed across Asia-Pacific, Europe, North America, and LAMEA.
Some of the key market players as per the report are:
Argela Technologies, Affirmed Networks Inc., Cisco Systems Inc., Huawei Technologies Co., Hewlett Packard Enterprise, Nokia, Samsung, Mavenir, ZTE, and Telefonaktiebolaget LM Ericsson.
For those looking to find investment opportunities in the growing market, this report provides an in-depth analysis of the network slicing market along with current trends and future estimations.
In this report, they can also find the most comprehensive information about key drivers, opportunities and restraints and their impact on the market.
Porter’s five forces analysis has illustrated the potency of buyers and suppliers operating in the industry.
The report sums up that despite its increased adoption, there are security concerns associated with network slicing that may hamper the market growth. But thanks to emerging applications across government, enterprise, and industrial sectors, the market is set to experience opportunities for growth during the forecast period.