The global demand for 5G Network Slicing Market is presumed to reach the market size of nearly USD 2414.9 MN by 2030 from USD 400 MN in 2022 with a CAGR of 25.2% under the study period 2023 - 2030.
5G network slicing is a technology that enables the creation of multiple virtual networks within a single physical 5G network. Each virtual network is designed to meet the specific needs of a particular use case, application, or customer, and can be customized in terms of performance, reliability, and security. Network slicing allows 5G network operators to partition their network infrastructure into virtualized network slices, each of which can be allocated to a specific user, application, or service.
Market Dynamics
The demand for customized services is increasing in the healthcare, manufacturing, and automotive sectors. 5G network slicing enables network operators to create customized network slices for specific use cases, applications, or customers, which is driving demand for the technology. The adoption of IoT devices is growing rapidly, and these devices require different network requirements depending on the specific use case. 5G network slicing enables network operators to provide optimized network services to support IoT devices, which is driving demand for the technology. Network virtualization technology is rapidly evolving, and the adoption of software-defined networking (SDN) and network function virtualization (NFV) is increasing. 5G network slicing is a natural extension of these technologies, enabling network operators to virtualize their network infrastructure and provide customized network services. The demand for high-performance networks is increasing, driven by applications such as virtual reality, augmented reality, and gaming. 5G network slicing enables network operators to provide high-performance network services to meet the specific requirements of these applications. The demand for edge computing is growing, and 5G network slicing is a key technology for enabling edge computing. Network operators can create network slices with optimized edge computing capabilities, enabling new use cases and applications.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 5g network slicing. The growth and trends of 5g network slicing industry provide a holistic approach to this study.
Market Segmentation
This section of the 5g network slicing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Solutions
- Services (Managed Services, Professional Services)
By Type
- RAN Slicing
- Edge Slicing
- End-To-End Network Slicing
By Network Architecture
- Standalone
- Non-Standalone
By Vertical
- Manufacturing
- Healthcare
- Smart Cities
- Transportation & Logistics
- Energy & Utilities
- Media & Entertainment
- Retail
- Others (Financial Services, Public Safety, IT & Telecom, Others)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the 5G Network Slicing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global 5G Network Slicing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 5g network slicing market include AT&T Inc., Telefonaktiebolaget LM Ericsson, Nokia Corporation, Huawei Technologies Co., Ltd., Cisco Systems Inc., Deutsche Telekom AG, Amdocs Inc., Vodafone Group plc, ZTE Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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