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), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

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

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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.
 

Solutions segment held the highest share in the UK market

The solutions segment in the UK region dominated more than 80% of revenue share in 2019 owing to the 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 the industry growth. The major telecom operators in the market are partnering with network solution provider companies to test the capabilities of network slicing technology.
 

Rising acceptance of e-health services will drive the market demand in China

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In China, healthcare segment accounted for 20% of the network slicing market share in 2019 led by the increasing usage of remote healthcare services. The increase in number of wireless medical devices for improving healthcare services is supporting the industry expansion. 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 sector.
 

Growing mobile subscribers to foster market progression in the APAC region

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Asia Pacific network slicing market is estimated to showcase more than 20% growth rate through 2026 impelled by the 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 regional growth.
 

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

The major players operating in the network slicing 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 leaders are emphasizing on introducing new network slicing solutions to the market to increase their customer experience.
 

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

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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