Global Network Slicing Market - Growth, Trend and Forecasts (2018 - 2023)
The network slicing market is expected to grow at a CAGR of over 20% during the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by various market players from telecom and IT sector. The regions considered under the scope of the report include North America, Asia-Pacific, and Europe.
Network slicing is driven and tailored for the network applications and user requirements. 5G systems are expected to have built-in support of multiple network slices from the very beginning, thus allowing telecom operators to provide network-as-a-service, opening network capabilities to third parties, and meet the wide range of 5G use cases that users, businesses and industry are expected to demand. Network evolution towards 5G will bring outstanding novelties and improvements not only regarding capacity, latency, connection density, quality and user experience, but also in terms of flexibility, efficiency, scalability and openness of the network.
Network slicing, will be key technology that will transform fixed and mobile networks and allow operators to provide multiple virtual networks each serving diverse services with different needs and requirements, over a common physical infrastructure in a transparent and dynamic way.
Professional Services to Dominate the Market over the Forecast Period
The networking of markets, sectors, industries and society will change radically as the future belongs to the full networking of smart cities, which consist of IoT enabled connectivity. By slicing a physical network into several logical networks, network slicing will support the real-time on-demand tailored services for distinct application at the same time using the same physical network. Supported by network slicing, network resources can be dynamically and efficiently allocated to logical network slices accordingly to maintain the required quality of service (QoS).
Reliable connections for a large number of widespread low-power nodes, such as wireless sensors, needs 5G networks that will be able to connect millions of devices under the constraints of low power consumption and low cost per device.
Europe to Appear as one of the Leading Region in the Network Slicing Market
Europe is holding the largest market share for Network Slicing market due to presence of large software providers and market players in this region. The joint venture of European Commission and European ICT industry to provide the 5G Infrastructure Public Private Partnership (5G PPP), which will deliver solutions, architectures, technologies and standards for the ubiquitous next generation communication infrastructures of the coming decade.
Various European 5G projects exist under the Horizon 2020 preview, including 5GPPP and 5GEx which has a broad scope of goals for network standards including increased capacity, 90% reduced energy, drastically reduced service creation time cycle, with secure and ubiquitous coverage with low latency, dense wireless communication links, and an increase in user security.
Notable Developments in Network Slicing Market
June 2018: BT Group and Huawei Technology have collaborated to roll out the business case for investing in automation technologies and 5G network slicing across UK, which will allow many virtualized network services to be offered over the same infrastructure used to support services delivered over tomorrow’s 5G networks.
February 2018: Ericsson and SK Telecom have jointly built and demonstrated the world's first intercontinental 5G trial network hosted at DT's corporate R&D center in Bonn, Germany and SK Telecom's 5G Testbed at Yeoungjong-do, South Korea. Ericsson and SK Telecom lead their global partnership to develop the groundbreaking 5G technology for such a network.
Major Players: ERICSSON INC., HUAWEI TECHNOLOGIES CO. LTD., CISCO SYSTEMS, INC. , BT GROUP PLC, NTT DOCOMO, INC., NEC CORPORATION, ZTE CORPORATION, CLOUDSTREET LTD. (NOKIA NETWORKS), MAVENIR , AFFIRMED NETWORKS, INC. , ARGELA TECHNOLOGY, and ARIA NETWORKS LTD., amongst others.
Reasons to Purchase Network Slicing Market Report
To understand the impact of network slicing across the 5G network.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
The region that is expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet (in Excel)
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