Network Slicing Market to Reach USD 4.89 Billion by 2033

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Description

Network Slicing Market Overview

The Network Slicing Market Size is expected to reach USD 4.89 Billion by 2033. The Network Slicing Market industry size accounted for USD 1.12 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 24.12% from 2023 to 2033. The Network Slicing Market refers to the industry that provides solutions and services related to the creation of multiple virtual networks within a single physical network infrastructure. Network slicing is a key feature of 5G networks, enabling network operators to divide their physical networks into multiple virtual “slices” that can be customized to meet the specific requirements of different use cases or customer groups.

Each network slice operates independently with its own resources, such as bandwidth, latency, and security protocols, tailored to specific applications like IoT, autonomous vehicles, smart cities, or enhanced mobile broadband. This allows for more efficient and flexible network management, better service quality, and the ability to support diverse applications with varying demands. Growth in the Network Slicing Market is driven by the ongoing deployment of 5G networks, the increasing demand for high-quality, low-latency applications, and the need for more efficient use of network resources.

Global Network Slicing Market Synopsis

COVID-19 Impact Analysis

The COVID-19 pandemic significantly impacted the Network Slicing Market. With the shift to remote work, online education, and telehealth services, the demand for reliable and high-performance connectivity surged. This accelerated the deployment of 5G networks, which in turn boosted interest in network slicing as a way to efficiently manage network resources and provide differentiated services. The pandemic highlighted the need for industry-specific applications that require tailored network solutions. Sectors like healthcare, manufacturing, and logistics increasingly looked to network slicing to support critical operations, such as remote diagnostics, smart manufacturing, and supply chain management. The pandemic raised awareness of the benefits of network slicing, particularly its ability to support diverse and critical applications. This is expected to drive long-term growth in the market, especially as 5G networks continue to expand. The experience of the pandemic has underscored the importance of network resilience and flexibility, positioning network slicing as a key technology for future-proofing network infrastructures.

Network Slicing Market Dynamics

The major factors that have impacted the growth of Network Slicing Market are as follows:

Drivers:

Ø Growth in IoT and Connected Devices

The explosion of IoT devices, ranging from industrial sensors to smart home devices, requires networks that can handle diverse and often conflicting requirements, such as low latency, high bandwidth, and massive connectivity. Network slicing allows operators to create customized slices that meet the specific needs of different IoT applications. Network slicing supports the scalability needed to manage the growing number of connected devices, ensuring that each application can operate effectively without compromising overall network performance. Enterprises are increasingly adopting digital transformation strategies that require tailored network services. Network slicing allows telecom operators to offer customized network slices to enterprises, supporting applications like smart factories, remote work, and secure communications.

Restraint:

Perception of High Initial Costs and Data Privacy

The initial investment required for deploying network slicing technology, including upgrading hardware and software, can be substantial. This can be a barrier for smaller telecom operators and enterprises, particularly in regions with limited financial resources. Beyond the initial investment, ongoing operational and maintenance costs can be significant, especially if network slicing solutions require specialized skills and resources. Ensuring that network slices meet data privacy and security standards is crucial. Compliance with various regulations, such as GDPR or industry-specific standards, can add complexity and costs.

Opportunity:

⮚ Advancements in Technology

The continued advancement of network function virtualization (NFV) and software-defined networking (SDN) technologies presents opportunities for more efficient and flexible network slicing solutions. These technologies enable dynamic resource allocation and management, enhancing the capabilities of network slicing. Integrating automation and artificial intelligence (AI) into network management can optimize the operation of network slices, improving efficiency, reducing costs, and enabling proactive maintenance.

Network Slicing Market Segment Overview

By Professional Services

Based on Professional Services, the market is segmented based on Network design and planning, Integration and Deployment, Support and Maintenance. The Network design and planning segment dominant the market

By Application

Based on Application, the market segment has been divided into Healthcare, Energy and Utilities, Manufacturing and Others. The healthcare segment dominant the market. Network slicing in the healthcare industry revolutionizes the delivery of medical services by leveraging tailored virtual network segments. These slices allocate specific bandwidth, latency, and security parameters to accommodate diverse healthcare applications, such as telemedicine, remote patient monitoring, and medical IoT devices.

By End User

Based on End Users, the market segment has been divided into Telecom operators and Enterprises. Telecom operators segment dominant the market. Telecom operators have extensive networks, infrastructure, and resources, making them the primary providers of telecommunication services to businesses and consumers. They propel the market by continuously investing in the expansion and modernization of their networks. They deploy advanced technologies like 5G, fiber optic networks, and satellite communications to deliver high-speed and reliable connectivity.

Global Network Slicing Market Regional Analysis

Based on region, the global Network Slicing Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Network Slicing Market followed by the Asia-Pacific and Europe regions.

Network Slicing North America Market

North America holds a dominant position in the Network Slicing Market. North America, particularly the United States and Canada, is at the forefront of network slicing adoption due to its advanced telecommunications infrastructure and early 5G deployments and high demand for advanced applications such as autonomous vehicles, smart cities, and enterprise digital transformation are driving network slicing initiatives. Major telecom operators and technology companies in this region are actively investing in and deploying network slicing technologies.

Network Slicing Asia-Pacific Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the Network Slicing Market industry. The Asia-Pacific region is experiencing rapid growth in the network slicing market, driven by large-scale 5G rollouts in countries like China, South Korea, and Japan and the region’s significant focus on IoT, smart cities, and industrial applications fuels the demand for network slicing solutions. China, in particular, is investing heavily in 5G infrastructure and exploring various network slicing applications.

Competitive Landscape

The global Network Slicing Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

Nokia
Ericsson
Huawei
ZTE
Samsung
Blue Planet
Parallel Wireless
Affirmed Networks
Mavenir
Argela

Key Development

In July 2022, Ericsson collaborated with Telefonica to demonstrate end-to-end, automated network slicing in 5G standalone in Madrid.

In October 2020, Nokia Corporation released a solution to provide 4G & 5G network slicing automation for all network domains, including core, RAN, and transport.

Scope of the Report

Global Network Slicing Market, by Professional Services

Network design and planning
Integration and Deployment
Support and Maintenance.

Global Network Slicing Market, by Application

Healthcare
Energy and Utilities
Manufacturing
Others

Global Network Slicing Market, by End User

Telecom operators
Enterprises

Global Network Slicing Market, by Region

North America
- US
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
South America
- Brazil
- Argentina
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa

Parameters	Indicators
Market Size	2033: $4.89 Billion
CAGR	24.12% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Professional Services, Application, End User
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	Nokia, Ericsson, Huawei, ZTE, Samsung, Blue Planet, Parallel Wireless, Affirmed Networks, Mavenir and Argela
Key Market Opportunities	• Advancements in Technology
Key Market Drivers	• Growth in IoT and Connected Devices • Enterprise Digital Transformation

REPORT CONTENT BRIEF:

High-level analysis of the current and future Network Slicing Market trends and opportunities
Detailed analysis of current market drivers, restraining factors, and opportunities in the future
Network Slicing Market historical market size for the year 2021, and forecast from 2023 to 2033
Network Slicing Market share analysis at each product level
Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
To identify and understand the various factors involved in the global Network Slicing Market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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Frequently Asked Questions (FAQ)

What is the study period of this market?

The study period of the global Network Slicing Market is 2021- 2033

What is the growth rate of the global Network Slicing Market?

The global Network Slicing Market is growing at a CAGR of 24.12% over the next 10 years

Which region has the highest growth rate in the market of Frozen Food?

Asia Pacific is expected to register the highest CAGR during 2023-2033

Which region has the largest share of the global Network Slicing Market?

North America holds the largest share in 2022

Who are the key players in the global Network Slicing Market?

Conagra Brands Inc, Kellogg Company, Ajinomoto Co Inc, Nestle, Aryzta, General Mills Inc, Cargill Incorporated, Associated British Foods, The Kraft Heinz Company, and JBS S.A. are the major companies operating in the market

Do you offer Post Sale Support?

Yes, we offer 16 hours of analyst support to solve the queries

Do you sell particular sections of a report?

Yes, we provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives

Table of Content

Chapter 1.   Executive Summary

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

Chapter 3.   Evolve BI Methodology

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Impact of COVID-19 on Network Slicing Market

                               4.3.1.   Impact on Market Size

                               4.3.2.   End User Trend, Preferences and Budget Impact

                               4.3.3.   Regulatory Framework/Government Policies

                               4.3.4.   Key Players Strategy to Tackle Negative Impact

                               4.3.5.   Opportunity Window

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DRO Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

Chapter 6.   Global Network Slicing Market, By Professional services

                     6.1.   Introduction

                     6.2.   Network design and planning

                     6.3.   Integration and Deployment

                     6.4.   Support and Maintenance

Chapter 7.   Global Network Slicing Market, By Applications

                     7.1.   Introduction

                     7.2.   Healthcare

                     7.3.   Energy and Utilities

                     7.4.   Manufacturing

                     7.5.   Others

Chapter 8.   Global Network Slicing Market, By End user

                     8.1.   Introduction

                     8.2.   Telecom operators

                     8.3.   Enterprises

Chapter 9.   Global Network Slicing Market, By Region

                     9.1.   Introduction

                     9.2.   North America

                               9.2.1.   Introduction

                               9.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.2.4.   Market Size and Forecast, By Professional services, 2020 - 2028

                               9.2.5.   Market Size and Forecast, By Applications, 2020 – 2028

                               9.2.6.   Market Size and Forecast, By End user, 2020 – 2028

                               9.2.7.   US

                                              9.2.7.1.   Introduction

                                              9.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.7.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.2.7.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.2.7.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.2.8.   Canada

                                              9.2.8.1.   Introduction

                                              9.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.8.4.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.2.8.5.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.2.8.6.   Market Size and Forecast, By End user, 2020 - 2028

                     9.3.   Europe

                               9.3.1.   Introduction

                               9.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.3.4.   Market Size and Forecast, By Professional services, 2020 - 2028

                               9.3.5.   Market Size and Forecast, By Applications, 2020 – 2028

                               9.3.6.   Market Size and Forecast, By End user, 2020 – 2028

                               9.3.7.   Germany

                                              9.3.7.1.   Introduction

                                              9.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.7.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.3.7.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.3.7.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.3.8.   France

                                              9.3.8.1.   Introduction

                                              9.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.8.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.3.8.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.3.8.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.3.9.   UK

                                              9.3.9.1.   Introduction

                                              9.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.9.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.3.9.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.3.9.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.3.10.   Italy

                                              9.3.10.1.   Introduction

                                              9.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.10.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.3.10.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.3.10.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.3.11.   Rest Of Europe

                                              9.3.11.1.   Introduction

                                              9.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.11.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.3.11.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.3.11.5.   Market Size and Forecast, By End user, 2020 - 2028

                     9.4.   Asia-Pacific

                               9.4.1.   Introduction

                               9.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.4.4.   Market Size and Forecast, By Professional services, 2020 - 2028

                               9.4.5.   Market Size and Forecast, By Applications, 2020 – 2028

                               9.4.7.   Market Size and Forecast, By End user, 2020 - 2028

                               9.4.8.   China

                                              9.4.8.1.   Introduction

                                              9.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.8.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.4.8.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.4.8.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.4.9.   India

                                              9.4.9.1.   Introduction

                                              9.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.9.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.4.9.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.4.9.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.4.10.   Japan

                                              9.4.10.1.   Introduction

                                              9.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.10.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.4.10.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.4.10.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.4.11.   South Korea

                                              9.4.11.1. Introduction

                                              9.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.11.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.4.11.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.4.11.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.4.12.   Rest Of Asia-Pacific

                                              9.4.11.1.   Introduction

                                              9.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.12.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.4.12.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.4.12.5.   Market Size and Forecast, By End user, 2020 - 2028

                     9.5.   Rest Of The World (RoW)

                               9.5.1.   Introduction

                               9.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.5.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                               9.5.4.   Market Size and Forecast, By Applications, 2020 – 2028

                               9.5.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.5.6.   Market Size and Forecast, By Region, 2020 - 2028

                               9.5.7.   South America

                                              9.5.7.1.   Introduction

                                              9.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.7.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.5.7.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.5.7.5.   Market Size and Forecast, By End user, 2020 - 2028

                               9.5.8.   Middle East & Africa

                                              9.5.8.1.   Introduction

                                              9.5.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.8.3.   Market Size and Forecast, By Professional services, 2020 - 2028

                                              9.5.8.4.   Market Size and Forecast, By Applications, 2020 – 2028

                                              9.5.8.5.   Market Size and Forecast, By End user, 2020 - 2028

Chapter 10.   Competitive Landscape

                     10.1.   Introduction

                     10.2.   Vendor Share Analysis, 2020/Key Players Positioning 2020

Chapter 11.   Company Profiles

                     11.1.   Nokia

                               11.1.1.   Business Overview

                               11.1.2.   Financial Analysis

                               11.1.3.   Product Portfolio

                               11.1.4.   Recent Development and Strategies Adopted

                               11.1.5.   SWOT Analysis

                     11.2.   Ericsson

                               11.2.1.   Business Overview

                               11.2.2.   Financial Analysis

                               11.2.3.   Product Portfolio

                               11.2.4.   Recent Development and Strategies Adopted

                               11.2.5.   SWOT Analysis

                     11.3.   Huawei

                               11.3.1.   Business Overview

                               11.3.2.   Financial Analysis

                               11.3.3.   Product Portfolio

                               11.3.4.   Recent Development and Strategies Adopted

                               11.3.5.   SWOT Analysis

                     11.4.   ZTE

                               11.4.1.   Business Overview

                               11.4.2.   Financial Analysis

                               11.4.3.   Product Portfolio

                               11.4.4.   Recent Development and Strategies Adopted

                               11.4.5.   SWOT Analysis

                     11.5.   Samsung

                               11.5.1.   Business Overview

                               11.5.2.   Financial Analysis

                               11.5.3.   Product Portfolio

                               11.5.4.   Recent Development and Strategies Adopted

                               11.5.5.   SWOT Analysis

                     11.6.   Blue Planet

                               11.6.1.   Business Overview

                               11.6.2.   Financial Analysis

                               11.6.3.   Product Portfolio

                               11.6.4.   Recent Development and Strategies Adopted

                               11.6.5.   SWOT Analysis

                     11.7.   Parallel Wireless

                               11.7.1.   Business Overview

                               11.7.2.   Financial Analysis

                               11.7.3.   Product Portfolio

                               11.7.4.   Recent Development and Strategies Adopted

                               11.7.5.   SWOT Analysis

                     11.8.   Affirmed Networks

                               11.8.1.   Business Overview

                               11.8.2.   Financial Analysis

                               11.8.3.   Product Portfolio

                               11.8.4.   Recent Development and Strategies Adopted

                               11.8.5.   SWOT Analysis

                     11.9.   Mavenir

                               11.9.1.   Business Overview

                               11.9.2.   Financial Analysis

                               11.9.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

                     11.10.   Argela

                               11.10.1.   Business Overview

                               11.10.2.   Financial Analysis

                               11.10.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

Chapter 12.   Key Takeaways

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Research Methodology

Network Slicing Market Analysis and Global Forecast 2023-2033