Network Slicing Market 2023-2029: Tailoring Connectivity for the 5G Era

Network Slicing Market to Soar at a Startling 51.6% CAGR and Reach US$ 6809.5 Mn by 2029: Revolutionising Connectivity

The global Network Slicing Market is poised for unprecedented growth, having been valued at US$ 370.01 Mn. in 2022, with a projected CAGR of 51.6% from 2023 to 2029, reaching a staggering US$ 6809.5 Mn. This surge is propelled by the escalating demand for high-speed, secure, and agile networks across various industries.

Unleashing the Power of Network Slicing

Network slicing, operating over multi-domain infrastructures, constructs virtualized and logical networks catering to diverse applications like asset management, real-time streaming, and supply chain management. It revolutionizes business operations, reduces operating expenses (OPEX), lowers capital expenditure (CAPEX), and enhances operational efficiency. Notably, it allows network operators to offer customized services at scale, catering to industry-specific needs.

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Network Slicing Market Scope:

The research report delves deep into the analysis of trending competitors, their growth patterns, and the dynamics of the market. It offers insights into the regional and global market value and demand, enabling a better understanding of the competitive landscape and the market's potential in terms of production, demand, and supply. The segmentation analysis considers crucial factors such as psychographic, demographic, geographic, and behavioral aspects, which inform marketing strategies, targeted products, offers, and customer experiences. The report utilizes Porter's analysis to determine organizations' competitive positions and improve profitability. Additionally, Pestle analysis is conducted to assess the validity of existing products and services within the contextual data. SWOT analysis is employed to evaluate the internal and external factors contributing to a company's strengths, weaknesses, advantages, and disadvantages. This report provides a comprehensive and informative overview of the Network Slicing Market.

Network Slicing Market Segmentation:

by Component

Solutions
Services

The Network Slicing market is further divided into Solutions and Services based on the Component. In 2022, the Solutions segment had the biggest market share. The increased share of this market segment can be attributed to the growing need for ultra-low latency communications, high-speed and wide network coverage, and smartphone usage. The expansion of this market is also being fueled by the benefits of network slicing, which include limited real-time application delivery, mobility, versatility, and adaptability. The solutions section is anticipated to expand at the fastest compound annual growth rate throughout the course of the forecast period. Throughout the projection period, there will probably be a sharp increase in demand for network slicing solutions because the technology is still quite new.

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

The Network Slicing market is further divided into the End-User categories of Healthcare, Energy and Utilities, Manufacturing, Transportation and Logistics, Media and Entertainment, Government, and Others. With a 21% market share in 2022, the Healthcare category had the most share. A significant portion of this market is driven by the advantages of network slicing, which include lower latency issues, increased IT agility, faster and more bandwidth-connected networks, the ability to monitor applications remotely, and reliable healthcare services. Additionally, the demand for network slicing solutions is expected to increase due to the quick uptake of virtual healthcare services, especially in the wake of the COVID-19 pandemic.

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Table of Content: Network Slicing Market

Part 01: Executive Summary
Part 02: Scope of the Network Slicing Market Report
Part 03: Global Network Slicing Market Landscape
Part 04: Global Network Slicing Market Sizing
Part 05: Global Network Slicing Market Segmentation
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

Network Slicing Market Major Players:

1. Argela Technologies
2. Cisco Sys`tems Inc.
3. Hewlett Packard Enterprise
4. Huawei Technologies Co., Ltd.
5. Mavenir
6. Nokia
7. Samsung
8. Telefonaktiebolaget LM Ericsson
9. ZTE
10. Ericsson
11. Aria Networks
12. Intel
13. SK Telecom
14. NTT Docomo
15. AFFIRMED NETWORKS INC.
16. AMDOCS
17. Parallel Wireless
18. Tambora Systems
19. Blue Planet

Regional Analysis:

The report offers formal, functional, and vernacular regional analyses, focusing on high-demand regions such as Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. The analysis provides insights into different targets, strategies, and market values specific to each region.

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Key Questions Addressed in the Network Slicing Market Report:

• What defines the Network Slicing Market?
• What is the forecast period for the Network Slicing Market?
• How does the competitive landscape look in the Network Slicing Market?
• Which region holds the largest market share in the Network Slicing Market?
• What opportunities are available in the Network Slicing Market?
• What factors influence the growth of the Network Slicing Market?
• Who are the key players in the Network Slicing Market?
• Which company holds the largest share in the Network Slicing Market?
• What will be the compound annual growth rate (CAGR) of the Network Slicing Market during the forecast period?
• What key trends are expected to emerge in the Network Slicing Market in the coming years?

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