Network Slicing Market Share, Growth & Trend Analysis Report By Major Segments

Network Slicing Market size was valued at US$ 560.93 Mn. in 2023 and the total revenue is expected to grow at 51.6 % through 2024 to 2030, reaching nearly US$ 10323.02 Mn.

Network Slicing Market Overview

Network slicing is a technique for creating multiple distinct virtualized and logical networks across a multi-domain architecture. Common applications include supply chain management, network monitoring, asset management, real-time streaming, and remote monitoring. Network slicing helps reduce operating expenses (OPEX), change company operations, reduce capital expenditure (CAPEX), and increase operational efficiency by modifying networking specifications. Additionally, it enables a single network operator to scale up and deliver customised services based on consumer demands. Consequently, a wide range of industries, including healthcare, automotive, manufacturing, entertainment, banking, financial services, and insurance (BFSI), adopt network slicing.

Network Slicing Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Network Slicing industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

For in-depth information on this study, visit the following link: https://www.maximizemarketresearch.com/market-report/global-network-slicing-market/4561/

Network Slicing Market Dynamics

An increasing number of mobile carriers are utilising edge and cloud computing to improve operational efficiency by providing low-latency, high-speed, secure connections to the network edge. For instance, to speed up 5G services at the network edge, California-based electronics company Keysight Technologies joined the Google Cloud Partner initiative in August 2021. In addition, Keysight Technologies, a Google Cloud partner, will help service providers transition to edge and cloud computing, which is necessary to provide new applications like private wireless networks, connected cars, streaming media, and cloud gaming.

Network Slicing Market Segmentation

by Component

Solutions
Services

The Network Slicing market is further divided into Solutions and Services based on the Component. In 2023, the Solutions sector 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. In 2023, the Healthcare sector accounted for 21% of the total market 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.

Network Slicing Market Key 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

To Gain More Insights Into The Market Analysis, Browse Summary Of The Research Report: https://www.maximizemarketresearch.com/request-sample/4561

Table of content for the Network Slicing Market includes:

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 by Type

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

Looking for insights on the market? Don't miss the summary of the research report: https://www.maximizemarketresearch.com/request-sample/4561

Regional Insights:

With a 29.2% market share in 2023, North America was the largest region and would remain so for the duration of the prediction. The installation of 5G network platforms for business processes is made possible by the region's growing acceptance of cutting-edge technology, including agile networks and smart linked gadgets. Moreover, the existence of leading network slicing solution providers is one of the main factors anticipated to support the regional expansion of the network slicing market throughout the course of the projected period.

Key Questions answered in the Network Slicing Market Report are:

How has the Network Slicing market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Network Slicing market?
What is the regional breakup of the global Network Slicing market?
What are the price trends of various feedstocks in the Network Slicing industry?
What is the structure of the Network Slicing industry and who are the key players?
What are the various unit operations involved in a Network Slicing processing plant?
What is the total size of land required for setting up a Network Slicing processing plant?
What is the layout of a Network Slicing processing plant?
What are the machinery requirements for setting up a Network Slicing processing plant?
What are the raw material requirements for setting up a Network Slicing processing plant?
What are the packaging requirements for setting up a Network Slicing processing plant?
What are the transportation requirements for setting up a Network Slicing processing plant?
What are the utility requirements for setting up a Network Slicing processing plant?
What are the human resource requirements for setting up a Network Slicing processing plant?
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Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Network Slicing
Landscape- Leading key players and other prominent key players.

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