Global 5G Network Slicing Market, By Component (Technologies and Services), Application Area (Remote Monitoring, Real-Time Surveillance, Supply Chain Management, Asset Management, Real-Time Streaming, Network Monitoring, Network Function Virtualization and Multimedia), Industry Vertical (Manufacturing, Automotive, Energy and Utilities, Healthcare, Media and Entertainment, BFSI, Public Safety, Agriculture and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global 5G Network Slicing Market
Surge in the evolution of cellular network technology which has offered higher data speeds and lower latency, growing need to manage and analyse organizational data effectively and efficiently and high adoption rate for 5G networks and associated technologies especially in the developing economies are the major factors attributable to the growth of the network slicing market. Data Bridge Market Research analyses that the 5G network slicing market will exhibit a CAGR of 35.00% for the forecast period of 2021-2028. Therefore, the 5G network slicing market value, which was USD 5215.62 million would stand tall by USD 57540.82 million by 2028.
Network slicing is a type of virtual networking architecture that enables the integration of a vast number of networks on the same hardware infrastructure. In other words, network slicing enables deployment of multiple logical and partitioned networks concurrently on a common infrastructure platform. This helps in the enhancement of the network architecture principles and capabilities and improving the operational efficiency and saving a lot of time.
Rising deployment of technologies and solutions that reduce the operational and production costs and availability of unlicensed and shared spectrum around the globe will emerge as the major market growth driving factor. Surge in the commercialization of 5G network, growing number of small and medium scale enterprises especially in the developing economies and surge in the awareness about the benefits of 5G network slicing such as high data speed, improved latency, quality, security, and others will further aggravate the growth of the market. Growing adoption of industrial and enterprise solutions and applications and increased collaboration among system integrators, vendors, and carriers are some other factors bolstering the growth of the market.
However, lack of skilled workforce and technological expertise in underdeveloped and developing economies and lack of standardization will act as a growth restraint for the market. Also, data security and privacy concerns and granularity constraints in the spectrum will yet again hamper the market growth rate. 5G is struggling to keep pace in emerging economies due to low bandwidth and lack of infrastructure and this will also hamper the market growth rate.
This 5G network slicing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on 5G network slicing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 5G Network Slicing Market Scope and Market Size
The 5G network slicing market is segmented on the basis of component, application area and industry vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the 5G network slicing market is segmented into technologies and services. Technologies segment is sub-segmented into software-defined networking and network functions virtualization and cloud radio access network. Services segment is sub-segmented into professional services, integration and deployment, network testing, network planning and optimization, network orchestration, support and maintenance and consulting. Consulting segment is further bifurcated into managed services.
- On the basis of application area, the 5G network slicing market is segmented into remote monitoring, real-time surveillance, supply chain management, asset management, real-time streaming, network monitoring, network function virtualization and multimedia.
- On the basis of industry vertical, the 5G network slicing segment is sub-segmented into manufacturing, automotive, energy and utilities, healthcare, media and entertainment, BFSI, public safety, agriculture and others.
5G Network Slicing Market Country Level Analysis
The 5G network slicing market is analysed and market size, volume information is provided by country, component, application area and industry vertical as referenced above.
The countries covered in the 5G network slicing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 5G network slicing market and will continue to flourish its trend of dominance during the forecast period owing to the earliest adoption of high speed internet and existence of an advanced IT infrastructure. Asia-Pacific will however, register the highest CAGR for this period. This is because of the growing expenditure for the development of IT infrastructure and surging number of small scale businesses.
The country section of the 5G network slicing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and 5G Network Slicing Market Share Analysis
The 5G network slicing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 5G network slicing market.
The major players covered in the 5G network slicing report are Cisco Systems, Inc., Huawei Technologies Co., Ltd., Nokia, Telefonaktiebolaget LM Ericsson, NTT DOCOMO, ZTE Corporation., SK TELECOM CO., LTD., Intel Corporation, Mavenir, Affirmed Networks, ARGELA., Aria Networks, BT, NEC Corporation, Deutsche Telekom AG, Telefónica S.A., SAMSUNG, Blue Planet Geomatics, Parallel Wireless.,and Tambora Systems Pte. Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.