Network Slicing Market

The global Network Slicing market was valued at USD 173.98 Million in 2020 and is projected to reach USD 922.63 Million by 2028, growing at a CAGR of 22.98% from 2021 to 2028.

5G network slicing is a network architecture that enables the multiplexing of virtualized and independent logical networks on the same physical network infrastructure. Each network slice is an isolated end-to-end network tailored to fulfil diverse requirements requested by a particular application.

The global Network Slicing market is segmented based on by Component, End User, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for Network Slicing  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Network slicing caters very well to applications like nationwide fleet management, providing a reliable and controlled service wherever the device is located.

5G has facilitated virtual network functions (VNF), especially network slicing, to fully realize the flexibility that virtualization promises. However, the underlying software applications for network functions must be architected to support any infrastructure and fully automate deployments and lifecycle events like service creation, transparent software upgrades, dynamic scalability and even recovery.

Concerns over network security, however, could emerge as a major stumbling block to enterprise adoption of public network slicing.

Component  Analysis: Preview

On the basis of Component, the market is segmented into Solution, Services. Solution  held the leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Solution in emerging economies in Asia Pacific region.

End User Analysis: Preview

Based on End User, the market is segmented into Telecom Operators, Enterprises. Telecom Operators accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

On the basis of region, the global Network Slicing market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global Network Slicing market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Network Slicing market are AFFIRMED NETWORKS INC., ARGELA TECHNOLOGIES, CISCO SYSTEMS INC., HEWLETT PACKARD ENTERPRISE, HUAWEI TECHNOLOGIES CO., LTD., MAVENIR, NOKIA, SAMSUNG, TELEFONAKTIEBOLAGET LM ERICSSON, ZTE.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.