Network Slicing Market Analysis

Network Slicing Market Analysis

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.

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.
 

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.