Network Slicing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Network Slicing Market: Snapshot
Automation that are integrated in our day to day life are now getting structurally changed through network slicing. The network for virtual architecture, where software-defined networking (SDN) and network functions virtualization (NFV) share the same branches in virtualization technologies, is now being improved with network slicing to enhance software based automation. Here, network slicing helps in creating several virtual networks at the beginning of the shared physical infrastructure. The main objective of including network slicing was to enhance efficiency, to address the cost imposed, and to make it flexible as per the future requirement. With the collaboration of industries through advanced mobility, cloud integration and broadband network has given boost to network slicing with a network already set by 4G/LTE networks.
The technology of SDN and virtualization will revolutionize how agriculture sector work, with the primitive shackles broken into customized elements that will be connected together for better and effective working. The service providers need to face various network performance characteristics as a primary technical challenge. However, flexibility can be attained through balanced cost implementation.
Number of new business prospects will be open for the up comers as well as the for the big businesses houses. Operations like remote machinery, tele surgery, and smart metering that require strong connectivity will in return provide feasibility, fast adaptability, and meeting up with public demand. It will also benefit various industrial segments and manage them efficiently. Slicing can also enhance bandwidth requirement or latency through myriad characteristics. The investments in IoT market have already been exceeded, whereas investments in digital industrialization have the power to make billion in the coming year by using these technologies.
Global Network Slicing Market: Overview
The global network slicing market is prophesied to witness the dominance of technologies such as network function virtualization (NFV) and software-defined networking (SDN) which provide assistance in the construction of cloudified, virtualized, and softwarized next-gen systems. These key virtualization technologies could prove to be extremely beneficial in supporting and aligning the overall networking needs of various businesses. Along with network virtualization, they are collaboratively purposed to develop the software-based approach to networking for making available more innovative, agile, and scalable networks.
Global Network Slicing Market: Key Trends
The world network slicing market is anticipated to grow at a staggering CAGR to reach a valuable amount of earning by the end of 2025. Players could expect a decent growth in the market as opportunities continue to birth on the back of the virtualization of networks and increasing mobile data traffic volumes. Reliable services and technologies associated with network slicing could gain a whole lot of significance in the coming years due to their rising adoption. This could take place because of the swelling demand for broadband offerings over mobile networks. Moreover, the surging demand for large and high-speed network coverage is predicted to augur well for the market.
The world network slicing market is prognosticated to offer scores of prospects due to the constant rise in the deployment of agile networks and IoT-connected devices providing great flexibility. Despite such powerful growth opportunities, there could be some challenges to be faced with, such as network slice requests brokerage, information sharing and exposure constraints, spatial diversity, and radio access technology (RAT) heterogeneity. Nevertheless, the market could be boosted with the rise of acquisitions commissioned by major players, new product launches, and recent developments.
Global Network Slicing Market: Market Potential
Facebook co-founded, the Telecom Infra Project (TIP) announced the launch of its three new project groups that will take on open radio access networks (RAN), artificial intelligence (AI), and network slicing. TIP’s focus is similar to that of the Open Compute Project (OCP) but is more telecom specific. Each of the project groups are designated for any of the three areas that the company has divided its work into–core and management, backhaul, and access. Under the core and management area are end-to-end network slicing (E2E-NS), applied machine learning (AI/ML), and AI.
Global Network Slicing Market: Regional Outlook
In 2017, North America was forecast to secure a larger share in the international network slicing market. Some of the factors expected to strengthen the growth of the North America market could include the mounting acceptance of agile networks, industrial IoT, and smart connected devices. The region accommodates a colossal count of 5G companies offering network slicing solutions as a result of an increasing adoption of newer technologies. Furthermore, the regional market is marked by massive investments from large players gaining support from grants and increased budgets.
Asia Pacific is foreseen to rise at a higher growth rate due to hefty investments made by vendors in large-scale infrastructure projects and the adoption of new technologies such as Tactile Internet, NFV and SDN, industrial IoT, augmented reality (AR), and cloud-RAN or C-RAN.
Global Network Slicing Market: Competitive Landscape
The worldwide network slicing market is projected to include some prominent names of the industry, viz. Cisco, Intel, Nokia, Huawei, and Ericsson. These companies have been involved in providing some of the most reliable services in the commercial front of the market across a diverse range of geographies.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report