The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global network slicing market reached a value of US$ 299.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,082.2 Million by 2027, exhibiting at a CAGR of 24.06% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Network slicing is a mechanism for creating multiple unique virtualized and logical networks over a multi-domain infrastructure. It is widely used for asset management, real-time streaming, network monitoring, supply chain management and remote monitoring. Network slicing aids in reducing operating expenses (OPEX), transforming business operations by tailoring networking specifications, reducing capital expenditure (CAPEX) and providing improved operational efficiency. It also enables a single network operator to offer various services based on the requirements of the user and provide differentiated services at scale. As a result, network slicing finds extensive application across various industries, such as healthcare, automotive, manufacturing, entertainment and banking, financial services and insurance (BFSI).
Significant improvements in the cellular network technology is one of the key factors driving the growth of the market. Organizations are increasingly adopting software-defined networking (SDN) and network function virtualization (NFV) solutions for agile installation of networks and enhanced network programmability to meet the operational requirements. Moreover, the increasing adoption of the next generation 5G network to enable enhanced speed and bandwidth connectivity is providing a thrust to the market growth. Furthermore, the integration of connected devices, systems, appliances and services with the Internet of Things (IoT) and artificial intelligence (AI) applications for remote access and enhanced user experience and fast data transmission capabilities is positively impacting the market growth. Other factors, including the increasing deployment of smart grids, factories, homes and vehicles, along with the widespread adoption of network slicing solutions in the healthcare industry to access real-time data and conduct remote robotic surgeries, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global network slicing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, end user and industry vertical.
Breakup by Component:
Breakup by End User:
Breakup by Industry Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Affirmed Networks Inc. (Microsoft Corporation), Amdocs, Argela Technologies (Türk Telekomünikasyon A.?.), Aria Networks Ltd., BT Group plc, Cisco Systems Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Mavenir, NEC Corporation (AT&T Inc.), Nokia Corporation, Samsung Electronics Co. Ltd, Telefonaktiebolaget LM Ericsson and ZTE Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, End User, Industry Vertical, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Affirmed Networks Inc. (Microsoft Corporation), Amdocs, Argela Technologies (Türk Telekomünikasyon A.?.), Aria Networks Ltd., BT Group plc, Cisco Systems Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Mavenir, NEC Corporation (AT&T Inc.), Nokia Corporation, Samsung Electronics Co. Ltd, Telefonaktiebolaget LM Ericsson and ZTE Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at