The Network Slicing Market size was USD 0.4 billion in 2022 and is expected to Reach USD 11.2 billion by 2030 and grow at a CAGR of 51.7 % over the forecast period of 2023-2030.
The network slicing market is experiencing significant growth, driven by the increasing demand for high-speed internet and the proliferation of IoT devices. Network slicing allows service providers to create multiple virtual networks on a single physical network infrastructure, each tailored to specific applications or services. This capability is particularly crucial for industries such as healthcare, automotive, and smart cities, where different applications have varying requirements for latency, bandwidth, and reliability. As 5G networks continue to roll out globally, the adoption of network slicing is expected to accelerate, enabling enhanced mobile broadband, ultra-reliable low-latency communications, and massive machine-type communications. Moreover, the network slicing market is benefiting from advancements in software-defined networking (SDN) and network function virtualization (NFV) technologies. These technologies provide the flexibility and scalability needed to implement and manage network slices efficiently.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Network Slicing industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Network Slicing market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Ericsson, Samsung, Nokia Corporation, Huawei Technologies, ZTE Corporation, Cisco Systems Inc., HPE, Mavenir Systems Inc., Amdocs, Inc., Intel Corporation, Hewlett Packard Enterprise, and other players
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Network Slicing market.
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It has segmented the global Network Slicing market
By Component
- Solution
- Services
By End-User
- Communication Service Providers
- Enterprises
By Industry Vertical
- Manufacturing
- Healthcare
- Fast-Moving Consumer Goods
- Retail
- E-commerce
- Automotive
- Others
Key Reasons to Purchase this Report:
A comprehensive study of market size, share and dynamics is a global Network Slicing 'market research report and a thorough survey of developments in the field.
It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
In addition to the strategic landscape for commodity pricing and marketing, the Network Slicing ' industry research also provides key players.
This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment
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