Network Slicing Market is Booming Worldwide According to a New Research Report

According to a research study conducted on network slicing market will surpass the 600 million mark by 2026.

Rapid development of 5G network and soaring demand for mobile broadband services will offer expeditious growth to network slicing market. Technological developments are spurring the adoption of network slicing due to the need for Industrial IoT solutions. Incorporation of various advanced technologies, such as wireless connectivity and real-time control in vehicles is likely to influence network slicing market trends.

5G communication network has gained considerable traction across various industries, resulting in massive adoption of network slicing. Automobiles are increasingly being integrated with advanced features to improve performance, connectivity, and functionality. For example, autonomous vehicles depend upon Vehicle-to-Anything (V2X) communication for effectual functioning and need low latency.

Also, vehicles require high bandwidth for effective video streaming. Network slicing offers a common wireless infrastructure for both low latency and high bandwidth applications. It facilitates vehicles with real-time control, media streaming, and broadband connectivity. These application capabilities of network slicing are encouraging automakers to integrate this technology into their vehicles.

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Integration & deployment segment had secured a sizeable market share of around 45% in 2019 and is projected to grow over time. The growth can be credited to shifting preference towards outsourcing the deployment of network slicing solutions. This is majorly due to the advantages associated with the outsourcing such as less cost incurred as compared to the cost of in-house set up. Moreover, outsourcing the services helps in protecting the intellectual properties of the company which will stimulate the adoption of integration & deployment further.

Energy & utility segment is estimated to observe a substantial CAGR of more than 20% through 2026 owing to increased deployment of smart meters. According to Infosys Knowledge Institute Survey, energy & utility companies are the leading users of 5G and are involved in developing business cases, partnerships and services associated with 5G. Around 56% of the companies in energy & utility sector are defining use cases for 5G while 20% are already defining their 5G service portfolios.

List of the Key Companies that are Operating in the Network Slicing Market. They are as follows:

Affirmed Networks, Amdocs, Argela Technologies, Cisco Systems, Inc., Cloudstreet, HCL Technologies Limited, Huawei Technologies Co., Ltd., Mavenir, Nokia Corporation, Parallel Wireless, Inc., RedZinc Services Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corporation

LAMEA network slicing market is likely to experience a commendable growth over the subsequent years considering the accelerating demand for broadband in the region. This is evident from the ITU report which depicted that as 2018, around 1,300,000 internet subscribers were recorded in the UAE, out of which over 99% had broadband connections. This will offer positive growth prospects for the regional market. For the record, in 2019, LAMEA network slicing market had secured an appreciable market share of more than 10%.

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Table Of Content:

Chapter 5.   Network Slicing Market, By Component

5.1.  Key trends, by component

5.2.  Solution

5.2.1. Market estimates and forecast, 2017 – 2026

5.3.  Service

5.3.1. Market estimates and forecast, 2017 – 2026

5.3.2. Training & consulting

5.3.2.1.    Market estimates and forecast, 2017 – 2026

5.3.3. Integration & deployment

5.3.3.1.    Market estimates and forecast, 2017 – 2026

5.3.4. Managed service

5.3.4.1.    Market estimates and forecast, 2017 – 2026

Chapter 6.   Network Slicing Market, By Application

6.1.  Key trends, by application

6.2.  Manufacturing

6.2.1. Market estimates and forecast, 2017 – 2026

6.2.2. Process monitoring

6.2.2.1.    Market estimates and forecast, 2017 – 2026

6.2.3. Process control

6.2.3.1.    Market estimates and forecast, 2017 – 2026

6.3.  Energy & utility

6.3.1. Market estimates and forecast, 2017 – 2026

6.4.  Healthcare

6.4.1. Market estimates and forecast, 2017 – 2026

6.4.2. Remote healthcare

6.4.2.1.    Market estimates and forecast, 2017 – 2026

6.4.3. Medical device tracking

6.4.3.1.    Market estimates and forecast, 2017 – 2026

6.5.  Automotive

6.5.1. Market estimates and forecast, 2017 – 2026

6.5.2. Autonomous driving

6.5.2.1.    Market estimates and forecast, 2017 – 2026

6.5.3. Telematic

6.5.3.1.    Market estimates and forecast, 2017 – 2026

6.6.  Government

6.6.1. Market estimates and forecast, 2017 – 2026

6.6.2. Smart city

6.6.2.1.    Market estimates and forecast, 2017 – 2026

6.6.3. Public safety

6.6.3.1.    Market estimates and forecast, 2017 – 2026

6.7.  Retail

6.7.1. Market estimates and forecast, 2017 – 2026

6.7.2. Supply chain management

6.7.2.1.    Market estimates and forecast, 2017 – 2026

6.7.3. Asset tracking and monitoring

6.7.3.1.    Market estimates and forecast, 2017 – 2026

6.8.  BFSI

6.8.1. Market estimates and forecast, 2017 – 2026

6.9.  Others

6.9.1. Market estimates and forecast, 2017 – 2026

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