Press release
Network Slicing Market size to hit USD 6809.55 Mn by 2029, Regional Insights and Growth Opportunities
Network Slicing Market size was valued at USD 244.07 Mn. in 2021 and is expected to grow at 51.6 percent through 2021 to 2029 to reach USD 6809.55 Mn.Network Slicing Market Report Scope and Research Methodology
The report provides a detailed analysis of the Network Slicing Market by component (solutions and services), end-user (healthcare, energy and utilities, transportation and logistics, manufacturing, media and entertainment, government, and others), and geography (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The report covers the competitive landscape, market share analysis, and company profiles of key players such as Ericsson, Huawei Technologies Co., Ltd., Nokia Corporation, and ZTE Corporation.
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Our research methodology involved primary and secondary research to derive market size, revenue forecasts, and regional analysis of the Network Slicing Market. Primary research involved interviews with industry experts and key players, while secondary research was conducted through industry publications, company reports, and other credible sources.
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Network Slicing Market Dynamics
The growth of the Network Slicing Market is driven by the increasing use of edge and cloud computing by mobile carriers to deliver low-latency, high-speed, and secure connection to the network edge while enhancing operational efficiency. Additionally, businesses are migrating to 5G networks to handle data from millions of IoT devices, boosting the global network slicing industry. The benefits of network slicing, such as reduced latency difficulties, improved IT agility, higher speed and bandwidth connectivity, remote monitoring capability, and trustworthy healthcare application services, account for a substantial share of the healthcare segment.
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Some challenges, such as security breaches and information sharing and exposure restrictions, may hinder market growth and ultimately hinder the global network slicing market. Additionally, CIOs are mostly concerned about network slicing security, which can result in significant losses for organisations and service providers.
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Network Slicing Market Regional Insights
North America held the largest market share of 29.2 Percent in 2021 and is expected to maintain its leading position during the forecast period. This is due to the region's increasing adoption of cutting-edge technology, such as agile networks and smart connected devices, to install 5G network platforms for business processes. Asia Pacific is expected to grow at the highest CAGR of 24.9 percent in the Network Slicing Market during the forecast period. As a result of the growing use of mobile devices in developing countries like India and China.
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Network Slicing Market Segmentation
By Component:
Solutions
Services
By Professional Services:
Consulting
Integration & Deployment
Support & Maintenance
Network Testing
Network Planning & Optimization
By Application:
Asset Management
Remote Monitoring
Network Monitoring
Supply Chain Management
Real-Time Streaming
Multimedia
By End-User:
Healthcare
Energy and Utilities
Transportation and Logistics
Manufacturing
Media and Entertainment
Government
Others
Network Slicing Market Key Competitors include:
Argela Technologies
Cisco Sys`tems Inc.
Hewlett Packard Enterprise
Huawei Technologies Co., Ltd.
Mavenir
Nokia
Samsung
Telefonaktiebolaget LM Ericsson
ZTE
Ericsson
Aria Networks
Intel
SK Telecom
NTT Docomo
AFFIRMED NETWORKS INC.
AMDOCS
Parallel Wireless
Tambora Systems
Blue Planet
Table of Content for Network Slicing Market
Global Network Slicing Market: Research Methodology
Global Network Slicing Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Network Slicing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Network Slicing Market Segmentation
Global Market, by Component (2021-2029)
Global Market, by Professional Services (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End-User (2021-2029)
Regional Network Slicing Market (2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by Professional Services (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End-User (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Component, Professional Services, Application and End-User
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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