Network Slicing

Network Slicing

Global Network Slicing Market to Reach US$18.2 Billion by 2030

The global market for Network Slicing estimated at US$1.3 Billion in the year 2023, is expected to reach US$18.2 Billion by 2030, growing at a CAGR of 45.4% over the analysis period 2023-2030. Solutions Component, one of the segments analyzed in the report, is expected to record a 44.4% CAGR and reach US$11.0 Billion by the end of the analysis period. Growth in the Services Component segment is estimated at 47.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$399.8 Million While China is Forecast to Grow at 42.2% CAGR

The Network Slicing market in the U.S. is estimated at US$399.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 42.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 40.3% and 38.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 30.2% CAGR.

Global Network Slicing Market - Key Trends & Drivers Summarized

What Is Network Slicing, and Why Is It Crucial for 5G Networks?
Network Slicing is a technology that allows operators to create multiple virtual networks on a shared physical infrastructure. Each "slice" is designed to meet the specific requirements of different use cases, such as high-speed broadband, ultra-reliable low-latency communication, or massive IoT connectivity. Network slicing is a key enabler of 5G networks, allowing operators to customize services for a diverse range of industries, from automotive and healthcare to smart cities and manufacturing. By offering tailored network services that align with the needs of specific applications, network slicing maximizes the potential of 5G, providing higher efficiency, flexibility, and performance.

How Is Network Slicing Revolutionizing Industry-Specific Applications?
Network slicing is revolutionizing how industries leverage 5G technology by enabling them to access dedicated, optimized network slices that cater to their unique requirements. For example, the automotive industry can utilize ultra-reliable low-latency slices for autonomous vehicles, ensuring real-time data transmission for safe operation. In healthcare, network slicing allows for high-speed, secure data exchange in telemedicine and remote surgeries, where bandwidth reliability and low latency are critical. Similarly, industries like manufacturing can benefit from network slices optimized for massive IoT connections, enabling efficient machine-to-machine communication on factory floors. This ability to tailor network performance for industry-specific needs is transforming how businesses deploy 5G, unlocking new use cases and improving operational efficiency across sectors.

What Emerging Trends Are Shaping the Network Slicing Market?
Several key trends are shaping the network slicing market, driven by the evolution of 5G and its growing adoption across various industries. The integration of artificial intelligence (AI) and machine learning (ML) into network slicing is enabling more efficient management of network resources, allowing for real-time adjustments based on network demands. Another significant trend is the expansion of private 5G networks, where organizations are deploying network slices within their dedicated infrastructure to support mission-critical applications. As industries increasingly adopt Industry 4.0 practices, the demand for customized network slices to support automation, IoT, and data analytics is also rising. Additionally, the growing need for edge computing is driving the development of network slices that bring processing power closer to the user, reducing latency and improving response times for applications like AR/VR, autonomous vehicles, and smart cities.

What Factors Are Driving the Growth of the Network Slicing Market?
The growth in the network slicing market is driven by the increasing deployment of 5G networks, the rising demand for industry-specific 5G solutions, and the growing adoption of IoT applications. As 5G rollouts accelerate globally, network slicing is becoming essential for providing differentiated services that cater to various industries’ unique connectivity needs. The demand for high-performance, low-latency communication in sectors such as healthcare, automotive, and manufacturing is pushing operators to invest in network slicing technology. The rapid proliferation of IoT devices, which require efficient and reliable connections to support smart infrastructure, is also driving the need for network slicing to manage diverse IoT use cases. Furthermore, as enterprises adopt edge computing and private 5G networks, the need for flexible, customized network slices that can optimize specific applications is growing, further fueling market expansion.

Select Competitors (Total 42 Featured) -

• Affirmed Networks
• Argela
• Aria Networks Limited
• Cisco Systems, Inc.
• Ericsson AB
• Huawei Technologies Co., Ltd.
• Intel Corporation
• Mavenir Systems, Inc.
• Nokia Networks
• NTT DoCoMo, Inc.
• SK Telecom Co., Ltd.
• ZTE Corporation

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