[306 Pages Report]The network slicing market is anticipated to record a CAGR of 23.2% during the forecast period (2022 to 2032).
The network slicing market is expected to be valued at US$ 370 Million in 2022 and is projected to reach US$ 3 Billion by 2032.
The network slicing market growth is projected to get influenced by the commercialization of 5G services and the availability of unlicensed and shared spectrum around the world.
The demand for network slicing solutions is anticipated to grow due to the advancement of cellular network technology, which provides greater data rates and lower latency.
Consumer demand for video and the change in industry toward the usage of cloud services have both contributed to the rapid increase in the adoption of network slicing.
| Attributes | Details |
|---|---|
| Network Slicing Market CAGR (2022 to 2032) | 23.2% |
| Network Slicing Market Value (2022) | US$ 370 Million |
| Network Slicing Market Value (2032) | US$ 3 Billion |
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The COVID-19 pandemic had a negative impact on the network-slicing market share. Lockdowns, social distancing, and quarantines used to combat COVID-19 have had a negative influence on various vendors of network slicing around the world.
The demand for network-slicing solutions is rising as enterprise virtual private network (VPN) servers have become lifelines for organizations/schools, with most employees working from home and students learning digitally.
According to the United Nations Educational, Scientific, and Cultural Organization (UNESCO), 850 million students are now learning and attending classes from home, while several million workers have abruptly converted to remote working, resulting in a massive shift in communication network utilization.
As most people have been confined to their homes, network traffic in Europe has surged by about 50%. As a result of the rising adoption of network slicing, the market is projected to witness multiple growth opportunities for network-slicing vendors or service providers.
Due to COVID-19, 3GPP, the global organization creating 5G technology, announced a three-month delay in the completion of 5G specifications in March 2020. The commercial development, demand for network slicing solutions, and 5G deployments have been hindered by delayed releases.
Supply chain interruptions and delays in the release of 5G technology have negatively impacted the network-slicing market size during the COVID-19 pandemic. Leading industry participants, on the other hand, are working hard to get the network-slicing market share back on track.
The adoption of network slicing is projected to rise as local governments are adopting a number of steps to offset COVID-19's harmful effects. As a result, the demand for network-slicing solutions is projected to rise rapidly during the forecast period.
The adoption of network slicing is growing as it is reshaping various industries by connecting all types of devices, appliances, systems, and services, IoT adoption, and continuous developments in Machine-to-Machine (M2M) communication networks. Network slicing-enabled 5G would serve a variety of IoT use cases, allowing communication between massive numbers of sensors and linked devices. As a result of this, the demand for network-slicing solutions is predicted to grow rapidly during the forecast period.
The adoption of network slicing is increasing due to the developments in IoT technology. High-power, low-latency applications (such as mobile video surveillance) and low-power, low-latency, long-range IoT apps are two types of IoT applications (smart cities and smart factories).
The evolution of 5G technology is projected to accelerate in order to meet these needs for growing IoT applications, which are classified as huge machine-type communication and mission-critical applications.
The adoption of network slicing in every line of the industry has altered substantially as a result of Industry 4.0, automation, and digitalization. Most industries have experienced digital transformations to meet the increased demand for network-slicing solutions to maintain operational agility among customers and organizations.
There is a rising demand for network-slicing solutions among businesses to support their digital transformation efforts. The adoption of network slicing is projected to rise due to multiple technological breakthroughs and the growth in dynamic ecosystems. These factors have paved the path for new commercial applications to emerge in a variety of industries that are responsible for growth in network slicing market size.
Fixed network slices can be grown up by adding more hardware resources, however, RAN slicing is difficult to scale up since it quickly runs into a physical constraint owing to spectrum scarcity. Individual slices can be assigned dedicated carriers to bypass this issue.
The allotment of some carriers, on the other hand, would limit the network's ability to reap multiplexing advantages through the scaled-up slice. These factors are likely to limit the network-slicing market growth over the forecast period.
CIOs are mostly concerned about network slicing security, which can result in significant losses for organizations and service providers. SDN, NFV, and cloud-native architecture are used to construct the new network infrastructure, supporting the adoption of network slicing in multiple industries.
Network functions are separated from the underpinning infrastructure and distributed among local, regional, and central data centers. The demand for network slicing solutions is rising as the majority of network services in a cloud-based 5G network are implemented over public and private cloud infrastructure.
Principal Consultant
During the forecast period, the network slicing market is anticipated to be dominated by the solutions sector with a CAGR of 21.1%. The growing demand for high-speed and extensive network coverage, increasing mobile data traffic volumes, increasing demand for ultra-low latency, and expanding use of network virtualization are all driving this segment's growth.
The usefulness, criticality, and ease of implementation of network-slicing solutions all contribute to the segment's growth. Due to the benefits that network slicing solutions give, various suppliers are investing in Research and Development to improve and make them cheaper, especially for small and medium-sized businesses. As a result of this, the global network slicing market share is projected to rise during the forecast period.
By services, the professional services segment is anticipated to hold the largest share with a CAGR of 21.1% during the forecast period. This growth is due to the increasing demand for smart monitoring and the steady increase in the remote operation of processes and applications.
| Regions | CAGR (2022 to 2032) |
|---|---|
| USA Market | 22.9% |
| UK Market | 21.7% |
| China Market | 22.7% |
| Japan Market | 22.2% |
| South Korea Market | 21.9% |
The Asia Pacific region is anticipated to hold the highest proportion of the global network slicing market with an average CAGR of 22.4%. The presence of important firms delivering innovative network-slicing solutions and services to many sectors is responsible for the region's large share.
Some businesses and governments in this region have expressed an increased interest in commercializing the next-generation 5G network. Furthermore, the region's dominance in the network slicing market is likely to be maintained during the forecast period, thanks to rising demand for network virtualization, a favorable environment for start-ups, and strong government initiatives.
Increasing usage of technologies such as cloud computing, network function virtualization, and IoT is likely to propel the network slicing market in North America to new heights over the forecast period. Furthermore, the increased demand for broadband services across North America is expected to significantly boost the network-slicing market growth in the coming years.
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The network slicing market is fragmented, with different players collaborating to provide the required availability, latency, data rate, and security. Carriers can use network slice management technologies to implement network slice lifecycle management in preparation for 5G.
Recent Developments in the Network Slicing Market
The network slicing market is anticipated to record a CAGR of 23.2% during the forecast period (2022 to 2032).
The Asia-Pacific region is anticipated to hold the highest proportion of the global network slicing market.
By end user, the telecom operators sector led the global network slicing market share in 2021 and is likely to continue to do so in the coming years.
The network slicing market is expected to be valued at US$ 3 Billion by 2032.
North America is expected to significantly boost network slicing market growth in the coming years.
1. Executive Summary | Network Slicing Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on the Market
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Million)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, by Key Countries
4.2. Market Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in Optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Market Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
6.1. Historical Market Analysis, 2015 to 2021
6.2. Current and Future Market Projections, 2022 to 2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Component
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Component, 2015 to 2021
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component, 2022 to 2032
8.3.1. Solutions
8.3.2. Services
8.4. Market Attractiveness Analysis By Component
9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Service
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Service, 2015 to 2021
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Service, 2022 to 2032
9.3.1. Professional services
9.3.1.1. Network design and planning
9.3.1.2. Integration and Deployment
9.3.1.3. Support and Maintenance
9.3.2. Managed Services
9.4. Market Attractiveness Analysis By Service
10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End-user
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By End-user, 2015 to 2021
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End-user, 2022 to 2032
10.3.1. Telecom operators
10.3.2. Enterprises
10.4. Market Attractiveness Analysis By End-user
11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) Analysis By Application, 2015 to 2021
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2022 to 2032
11.3.1. Healthcare
11.3.2. Energy and Utilities
11.3.3. Transportation and Logistics
11.3.4. Manufacturing
11.3.5. Media and Entertainment
11.3.6. Automotive
11.3.7. Government
11.3.8. Others
11.4. Market Attractiveness Analysis By Application
12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021
12.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia Pacific
12.3.5. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Country
13.4.1.1. United States of America
13.4.1.2. Canada
13.4.1.3. Rest of North America
13.4.2. By Component
13.4.3. By Service
13.4.4. By Application
13.4.5. By End-user
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Component
13.5.3. By Service
13.5.4. By Application
13.5.5. By End-user
14. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Component
14.4.3. By Service
14.4.4. By Application
14.4.5. By End-user
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Component
14.5.3. By Service
14.5.4. By Application
14.5.5. By End-user
15. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. France
15.4.1.3. United Kingdom
15.4.1.4. Italy
15.4.1.5. Benelux
15.4.1.6. Nordic Countries
15.4.1.7. Rest of Europe
15.4.2. By Component
15.4.3. By Service
15.4.4. By Application
15.4.5. By End-user
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Component
15.5.3. By Service
15.5.4. By Application
15.5.5. By End-user
16. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.1.4. Rest of Asia Pacific
16.4.2. By Component
16.4.3. By Service
16.4.4. By Application
16.4.5. By End-user
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Component
16.5.3. By Service
16.5.4. By Application
16.5.5. By End-user
17. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. South Africa
17.4.1.3. Turkey
17.4.1.4. Rest of Middle East and Africa
17.4.2. By Component
17.4.3. By Service
17.4.4. By Application
17.4.5. By End-user
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Component
17.5.3. By Service
17.5.4. By Application
17.5.5. By End-user
18. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. US Market Analysis
18.2.1. Value Proportion Analysis by Market Taxonomy
18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.2.2.1. By Component
18.2.2.2. By Service
18.2.2.3. By Application
18.2.2.4. By End-user
18.3. Canada Market Analysis
18.3.1. Value Proportion Analysis by Market Taxonomy
18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.3.2.1. By Component
18.3.2.2. By Service
18.3.2.3. By Application
18.3.2.4. By End-user
18.4. Mexico Market Analysis
18.4.1. Value Proportion Analysis by Market Taxonomy
18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.4.2.1. By Component
18.4.2.2. By Service
18.4.2.3. By Application
18.4.2.4. By End-user
18.5. Brazil Market Analysis
18.5.1. Value Proportion Analysis by Market Taxonomy
18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.5.2.1. By Component
18.5.2.2. By Service
18.5.2.3. By Application
18.5.2.4. By End-user
18.6. Germany Market Analysis
18.6.1. Value Proportion Analysis by Market Taxonomy
18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.6.2.1. By Component
18.6.2.2. By Service
18.6.2.3. By Application
18.6.2.4. By End-user
18.7. France Market Analysis
18.7.1. Value Proportion Analysis by Market Taxonomy
18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.7.2.1. By Component
18.7.2.2. By Service
18.7.2.3. By Application
18.7.2.4. By End-user
18.8. Italy Market Analysis
18.8.1. Value Proportion Analysis by Market Taxonomy
18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.8.2.1. By Component
18.8.2.2. By Service
18.8.2.3. By Application
18.8.2.4. By End-user
18.9. BENELUX Market Analysis
18.9.1. Value Proportion Analysis by Market Taxonomy
18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.9.2.1. By Component
18.9.2.2. By Service
18.9.2.3. By Application
18.9.2.4. By End-user
18.10. UK Market Analysis
18.10.1. Value Proportion Analysis by Market Taxonomy
18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.10.2.1. By Component
18.10.2.2. By Service
18.10.2.3. By Application
18.10.2.4. By End-user
18.11. Nordic Countries Market Analysis
18.11.1. Value Proportion Analysis by Market Taxonomy
18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.11.2.1. By Component
18.11.2.2. By Service
18.11.2.3. By Application
18.11.2.4. By End-user
18.12. China Market Analysis
18.12.1. Value Proportion Analysis by Market Taxonomy
18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.12.2.1. By Component
18.12.2.2. By Service
18.12.2.3. By Application
18.12.2.4. By End-user
18.13. Japan Market Analysis
18.13.1. Value Proportion Analysis by Market Taxonomy
18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.13.2.1. By Component
18.13.2.2. By Service
18.13.2.3. By Application
18.13.2.4. By End-user
18.14. South Korea Market Analysis
18.14.1. Value Proportion Analysis by Market Taxonomy
18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.14.2.1. By Component
18.14.2.2. By Service
18.14.2.3. By Application
18.14.2.4. By End-user
18.15. GCC Countries Market Analysis
18.15.1. Value Proportion Analysis by Market Taxonomy
18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.15.2.1. By Component
18.15.2.2. By Service
18.15.2.3. By Application
18.15.2.4. By End-user
18.16. South Africa Market Analysis
18.16.1. Value Proportion Analysis by Market Taxonomy
18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.16.2.1. By Component
18.16.2.2. By Service
18.16.2.3. By Application
18.16.2.4. By End-user
18.17. Turkey Market Analysis
18.17.1. Value Proportion Analysis by Market Taxonomy
18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.17.2.1. By Component
18.17.2.2. By Service
18.17.2.3. By Application
18.17.2.4. By End-user
18.17.3. Competition Landscape and Player Concentration in the Country
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional Footprint of Players
19.4.2. Product Footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Nokia
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.2. Ericsson
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Sales Footprint
20.3.2.4. Strategy Overview
20.3.3. Huawei
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Sales Footprint
20.3.3.4. Strategy Overview
20.3.4. ZTE
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Sales Footprint
20.3.4.4. Strategy Overview
20.3.5. Samsung
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Sales Footprint
20.3.5.4. Strategy Overview
20.3.6. Blue Planet
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Sales Footprint
20.3.6.4. Strategy Overview
20.3.7. Parallel Wireless
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Sales Footprint
20.3.7.4. Strategy Overview
20.3.8. Affirmed Networks
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Sales Footprint
20.3.8.4. Strategy Overview
20.3.9. Mavenir
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Sales Footprint
20.3.9.4. Strategy Overview
20.3.10. Argela
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Sales Footprint
20.3.10.4. Strategy Overview
20.3.11. Cisco
20.3.11.1. Overview
20.3.11.2. Product Portfolio
20.3.11.3. Sales Footprint
20.3.11.4. Strategy Overview
20.3.12. HPE
20.3.12.1. Overview
20.3.12.2. Product Portfolio
20.3.12.3. Sales Footprint
20.3.12.4. Strategy Overview
20.3.13. Tambora Systems
20.3.13.1. Overview
20.3.13.2. Product Portfolio
20.3.13.3. Sales Footprint
20.3.13.4. Strategy Overview
20.3.14. AMDOCS
20.3.14.1. Overview
20.3.14.2. Product Portfolio
20.3.14.3. Sales Footprint
20.3.14.4. Strategy Overview
20.3.15. Aria Networks
20.3.15.1. Overview
20.3.15.2. Product Portfolio
20.3.15.3. Sales Footprint
20.3.15.4. Strategy Overview
21. Assumptions and Acronyms Used
22. Research Methodology
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Network Slicing Market
