Network Slicing Market Size By Component (Solution, Service [Training & Consulting, Integration & Deployment, Managed Services]), By Application (Manufacturing [Process Monitoring, Motion Control], Energy & Utility, Healthcare [Remote Healthcare, Medical Device Tracking], Automotive [Autonomous Driving, Telematics], Government [Smart City, Public Safety], Retail [Supply Chain Management, Asset Tracking & Monitoring], BFSI), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Network Slicing Market size surpassed USD 200 million in 2019 and is anticipated to grow at a CAGR of over 15% between 2020 and 2026. The market growth is attributed to rising demand for next generation 5G network on account of better bandwidth and speed capabilities.
 

Different industry verticals are expected to increase their productivity due to commercialization of 5G network. Network slicing is supporting these businesses with massive IoT and low latency services for their digital transformation.
 

Get more details on this report - Request Free Sample PDF
 

Network slicing enables creation of multiple virtual networks over a shared common physical infrastructure. Each virtual network is also known as network slice, which can be configured to support specific industry applications such as smart factory, smart home, smart grid, and connected cars. Each network slice provides a dedicated set of network resources that complement the needs of a specific application such as speed, bandwidth, and latency.
 

Get more details on this report - Request Free Sample PDF
 

Solution component segment held the highest UK network slicing market share in 2019

Get more details on this report - Request Free Sample PDF
 

The solution segment in the UK held a network slicing industry share of over 80% in 2019 due to rising demand for better speed and bandwidth connectivity by telecom operators to serve different customer needs. Network slicing solutions help telecom operators to deliver enhanced customer experience through better data throughput and reduced total cost of ownership. The rising adoption of virtualized slicing solutions is also fueling market size.
 

The major telecom operators in the market are partnering with network solution provider companies to test the capabilities of network slicing technology. For instance, in January 2018, Vodafone partnered with Huawei for testing Fixed Access Network Slicing (FANS) on Fiber to the Home (FTTH).
 

This successful test helped both the companies to accelerate the adoption of network slicing technology for different use cases. Field trials of slicing technology by network solution providers are emerging as key drivers for market growth.
 

Rising adoption of e-health services is expected to drive market growth in China

The healthcare segment in China held a market share of over 20% in 2019 on account of increasing adoption of remote healthcare services. The increase in number of wireless medical devices for improving healthcare services is supporting network slicing market revenue.
 

Healthcare institutions are transforming their network infrastructures to integrate more advanced wireless medical devices to enhance healthcare experience. Network slicing technology is also helping in monitoring different healthcare parameters remotely with better efficiency compared to legacy network infrastructure.
 

The healthcare institutions are partnering with major telecom companies to implement 5G network slicing technology across the healthcare industry. For instance, in October 2019, under the guidelines of National Health Commission (NHC) of China, China Association of Medical Equipment (CAME) and more than 30 hospitals partnered with major telecom service providers such as Huawei, China Mobile, China Unicom, and China Telecom to release 5G Hospital Network Standard.
 

This partnership helped to increase research and development activities in healthcare applications based on 5G slicing technology. These initiatives are supporting the market growth across the healthcare sector.
 

Rising mobile subscribers are expected to fuel market value in APAC

Get more details on this report - Request Free Sample PDF
 

Asia Pacific network slicing market size is expected to show a growth rate of over 20% during the forecast period owing to rising adoption of mobile devices in developing countries such as India and China. According to GSMA’s ‘The Mobile Economy Asia Pacific 2019’ report, the number of unique mobile subscribers reached 2.8 billion and mobile internet users reached 1.9 billion mark in 2018.
 

This increase in internet subscribers is resulting in massive data traffic that enables telecom operators to deploy advanced network solutions to manage this network traffic. The network slicing is helping telecom operators to manage rising network traffic by creating multiple virtual network slices.
 

Supportive government initiatives for commercialization of next generation 5G network are also supporting the market growth in the region. The government authorities are also supporting 5G network trials for different network slicing use cases. The adoption of Network Function Virtualization (NFV) and Software Defined Networking (SDN) in the region is also supporting market revenue.
 

The companies are introducing new slicing solutions to sustain in market competition

The companies operating in the network slicing industry are emphasizing on introducing new network slicing solutions to the market to increase their customer experience. For instance, in November 2017, Mavenir, a leading network solution provider, launched its network slicing solution, CloudRange Network Slice Suite.
 

This new solution helped the company to offer end-to-slicing solution for communication service providers to enhance their customer experience and gain a competitive advantage over other market players. This new solution also helped communication service providers to generate revenue by deploying network slices for a specific set of users at market speed.
 

The major players operating in the market are Affirmed Networks, Amdocs, Argela Technologies, Cisco Systems, Inc., Cloudstreet, HCL Technologies Limited, Huawei Technologies Co., Ltd., Mavenir, Nokia Corporation, Parallel Wireless, Inc., RedZinc Services Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corporation.
 

The market research report on network slicing includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2026 for the following segments:
 

Market by Component

• Solution
• Service
  • Training & Consulting
  • Integration & Deployment
  • Managed Services

Market by Application

• Manufacturing
  • Process Monitoring
  • Motion Control     
• Energy & Utility
• Healthcare
  • Remote Healthcare
  • Medical Device Tracking
• Automotive
  • Autonomous Driving
  • Telematics
• Government
  • Smart City
  • Public Safety
• Retail
  • Supply Chain Management
  • Asset Tracking and Monitoring
• BFSI
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
• LAMEA
  • Brazil
  • Mexico
  • GCC
  • South Africa