Network Slicing Market
Network Slicing Market Global Industry Assessment & Forecast
Segments Covered
- By Component Solution, Services
- By End User Telecom Operators, Enterprises
- By Industry Vertical Manufacturing, Healthcare, Automotive, Media & Entertainment, Transport & Logistic, BFSI, Government, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 173.98 Million |
Revenue 2028: | 922.63 Million |
Revenue CAGR (2021 - 2028): | 22.98 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Network Slicing Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Consistent, vigorous, and actionable data analysis that would help to make key business decisions
- Statistically improved and reliable insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Network Slicing market.
FAQ
Frequently Asked Question
What is the global demand for Network Slicing in terms of revenue?
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The global Network Slicing valued at 173.98 Million in 2020 and is expected to reach 922.63 Million in 2028 growing at a CAGR of 22.98%.
Which are the prominent players in the market?
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The prominent players in the market are AFFIRMED NETWORKS INC., ARGELA TECHNOLOGIES, CISCO SYSTEMS INC., HEWLETT PACKARD ENTERPRISE, HUAWEI TECHNOLOGIES CO., LTD., MAVENIR, NOKIA, SAMSUNG, TELEFONAKTIEBOLAGET LM ERICSSON, ZTE..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 22.98% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Network Slicing include
- 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.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Network Slicing in 2020.