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Allied Market Research

Network Slicing Market by Component (Solution and Service) and End User (Manufacturing, Energy & Utility, Healthcare, Retail, Manufacturing, Government, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07916
Pages: NA
Nov 2020 | 50 Views
 
Author(s) : NA
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Network Slicing Market Insights:

Network slicing is the separation of multiple virtual networks which operates for different applications, services, or purposes on the same physical hardware. Each slide of the network is an isolated end-to-end network designed to meet diverse specifications requested by a given application. Network slicing transforms entire perspective of networking by orchestrating, abstracting, separating, and isolating logical components of network from underlying physical resources. This, in turn, improves network architecture of end users and increases operations processing. Compared to conventional cellular network, network slicing helps businesses to achieve greater cost efficiency. Rise in demand for 5G networks and services, which are supposed to be optimized for logical network slicing, allowing operators to deliver as-a-service network and meet demands for customers, is expected to boost the market growth.

Market scope and structure analysis:

                      Report Metric

                                        Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value ($)

  Segments covered

  Component, End User, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies covered

Major players include: 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.

 

Impact of COVID-19 Pandemic on Network Slicing Market: 

  • Though governments have imposed lockdowns to contain spread of the virus, businesses are moving online and there has been a rise in mobile phone and internet usage. Thus, by using network slicing, operators would be able to allocate appropriate amount of network resources to a specific slice.
  • As the BFSI sector and healthcare segment has witnessed rise, owing to the COVID-19, so to ensure a secure and reliable communication they are anticipated to invest in the network slicing solutions ensuring the market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Rapidly changing network demands of customers and virtualization of networks are the major key factors that drive growth of the network slicing market. In addition, surge in mobile data traffic volumes is expected to supplement the market growth. However, data security concerns and lack of standardization can hamper growth of the market. Furthermore, rise in adoption of internet of things (IoT) connected devices and agile networks are expected to provide lucrative opportunities for the market.

The market trends for network slicing market are as follows:

North America region to lead the market growth:

North America is expected to have the largest market share during the forecast period, owing to early adoption of technology and presence of major players in the region. In addition, is also expected to witness a significant growth, owing to growth in mobile network and rise in demand for optimized spectrum utilization in developing countries such as China, India, and Japan. Internet usage in the region on an exponential rise. Network slicing further helps telecom operators to manage rise in network traffic by creating multiple virtual network slices, which ensures the market growth.

Key players of the market introducing new innovative network slicing solution:

The network slicing solution market players are bringing new innovative solutions to sustain in the market and gain a competitive edge over their competitors. For instance, in November 2017, Mavenir, a leading network solution provider, launched its network slicing solution, CloudRange Network Slice Suite.

Key segments covered:

                Segments

                                               Subsegments

  Component

  1. Solution
  2. Service

  End User

  1. Manufacturing
  2. Energy and Utility
  3. Healthcare
  4. Retail
  5. Manufacturing
  6. Government
  7. Automotive
  8. Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global network slicing market along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global network slicing market share.     
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global network slicing market growth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market. 
 
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