Network Slicing Market Size & Share Report 2023-28
According to the recent report by IMARC Group, titled “Network Slicing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global network slicing market size reached US$ 377.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,318.2 Million by 2028, exhibiting a growth rate (CAGR) of 23.4% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Network slicing is a method that enables the division of a single network connection into multiple unique virtualized connections. Network slicing serves the diverse use cases over the 5G network in a flexible manner, thereby enabling consumers to pay the same price for a particular bandwidth on the same physical network infrastructure. This solution is commonly used for asset management, remote monitoring, real-time streaming, and supply chain management across various industries.
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Network Slicing Market Trends:
The global market is majorly driven by the rapid advancements in cellular network technology, which has resulted in high data speed and lower latency. Moreover, the increasing adoption of the 5G network and the availability of shared spectrum has also provided a thrust to the market growth. Furthermore, the widespread integration of the Internet of Things (IoT)with connected devices, appliances and services has positively impacted the market growth. Additionally, the growing usage of network slicing to enhance security in e-health use cases and continual technological advancements in the digital ecosystem have provided an impetus to the market growth further.
Network Slicing Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Affirmed Networks Inc. (Microsoft Corporation)
- Amdocs
- Argela Technologies (Turk Telekomunikasyon A.?.)
- Aria Networks Ltd.
- BT Group plc
- Cisco Systems Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- Mavenir
- NEC Corporation (ATT Inc.)
- Nokia Corporation
- Samsung Electronics Co. Ltd
- Telefonaktiebolaget LM Ericsson and ZTE Corporation.
The report has segmented the market on the basis on component, end user and industry vertical.
Breakup by Component:
- Solution
- Services
Breakup by End User:
- Telecom Operators
- Enterprises
Breakup by Industry Vertical:
- Manufacturing
- Healthcare
- Automotive
- Media and Entertainment
- Transport and Logistic
- BFSI
- Government
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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