North America Network Slicing Market Size, Share & Trends Analysis Report By Offering (Solution, and Services), By End-user (Communication Service Providers, and Enterprises), By Vertical, By Country and Growth Forecast, 2024 - 2031
The North America Network Slicing Market would witness market growth of 49.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Network Slicing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,713.6 million by 2031. The Canada market is showcasing a CAGR of 52.6% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 51.2% during (2024 - 2031).
The data speed offered by 5G technology plays a crucial role in boosting the market by enabling new use cases, improving user experiences, optimizing resource allocation, and creating monetization opportunities for operators. The anticipated proliferation of 5G networks will generate substantial demand for network slicing solutions, thereby stimulating market expansion and fostering innovation within the telecommunications sector.
The market stands at the forefront of innovation, poised to revolutionize the telecommunications landscape with its transformative capabilities. At its core, it represents a paradigm shift in the way networks are architected, managed, and utilized, offering unprecedented levels of flexibility, customization, and efficiency. As industries undergo rapid digital transformation and embrace emerging technologies such as 5G, cloud computing, and IoT, the demand for agile and adaptable networking solutions has never been greater. The network slicing approach allows for isolating and customizing network resources, ensuring that each slice can be optimized to meet the diverse requirements of different services and applications.
The increasing adoption of telemedicine also contributes to the demand for network slicing technology in North America. According to the Centers for Disease Control and Prevention (CDC), 37.0% of adults aged 18 and over used telemedicine in 2021, increasing usage with age. This trend is expected to continue as telemedicine becomes more widely accepted and integrated into healthcare systems, highlighting the need for reliable, high-performance networks to support these services. Thus, the combination of a strong technology sector, a growing IT industry, and increasing adoption of telemedicine is driving the demand for network slicing technology in North America.
Based on Offering, the market is segmented into Solution, and Services. Based on End-user, the market is segmented into Communication Service Providers, and Enterprises. Based on Vertical, the market is segmented into Healthcare, Transportation & Logistics, Energy & Utilities, Manufacturing, Media & Entertainment, Financial Services, Retail, Government, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Ericsson AB
- Samsung Electronics Co., Ltd. (Samsung Group)
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Intel Corporation
- VMware, Inc. (Broadcom Inc.)
- BT Group plc
By Application
- Solution
- Services
- Communication Service Providers
- Enterprises
- Healthcare
- Transportation & Logistics
- Energy & Utilities
- Manufacturing
- Media & Entertainment
- Financial Services
- Retail
- Government
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Network Slicing Market, by Offering
- 1.4.2 North America Network Slicing Market, by End-user
- 1.4.3 North America Network Slicing Market, by Vertical
- 1.4.4 North America Network Slicing Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jul – 2024, Feb) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Network Slicing Market by Offering
- 5.1 North America Solution Market by Region
- 5.2 North America Services Market by Region
- Chapter 6. North America Network Slicing Market by End-user
- 6.1 North America Communication Service Providers Market by Country
- 6.2 North America Enterprises Market by Country
- Chapter 7. North America Network Slicing Market by Vertical
- 7.1 North America Healthcare Market by Country
- 7.2 North America Transportation & Logistics Market by Country
- 7.3 North America Energy & Utilities Market by Country
- 7.4 North America Manufacturing Market by Country
- 7.5 North America Media & Entertainment Market by Country
- 7.6 North America Financial Services Market by Country
- 7.7 North America Retail Market by Country
- 7.8 North America Government Market by Country
- 7.9 North America Others Market by Country
- Chapter 8. North America Network Slicing Market by Country
- 8.1 US Network Slicing Market
- 8.1.1 US Network Slicing Market by Offering
- 8.1.2 US Network Slicing Market by End-user
- 8.1.3 US Network Slicing Market by Vertical
- 8.2 Canada Network Slicing Market
- 8.2.1 Canada Network Slicing Market by Offering
- 8.2.2 Canada Network Slicing Market by End-user
- 8.2.3 Canada Network Slicing Market by Vertical
- 8.3 Mexico Network Slicing Market
- 8.3.1 Mexico Network Slicing Market by Offering
- 8.3.2 Mexico Network Slicing Market by End-user
- 8.3.3 Mexico Network Slicing Market by Vertical
- 8.4 Rest of North America Network Slicing Market
- 8.4.1 Rest of North America Network Slicing Market by Offering
- 8.4.2 Rest of North America Network Slicing Market by End-user
- 8.4.3 Rest of North America Network Slicing Market by Vertical
- Chapter 9. Company Profiles
- 9.1 Ericsson AB
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Samsung Electronics Co., Ltd. (Samsung Group)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Recent strategies and developments:
- 9.2.4.1 Partnerships, Collaborations, and Agreements:
- 9.2.5 SWOT Analysis
- 9.3 Nokia Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.6 SWOT Analysis
- 9.5 ZTE Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
- 9.6 Cisco Systems, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.6 SWOT Analysis
- 9.7 Hewlett Packard Enterprise Company
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Intel Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 SWOT Analysis
- 9.9 VMware, Inc. (Broadcom Inc.)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 SWOT Analysis
- 9.10. BT Group plc
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 SWOT Analysis
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