Segments: Component (solution and services) and end-user (communication service providers and enterprises).
Geographies: North America, Europe, APAC, South America, and Middle East and Africa.
The network slicing market size is expected to grow by USD 821.83 million from 2022 to 2027. The market is expected to progress at a CAGR of 28.28%, as per the latest Technavio market research report. North Americais estimated to account for 36% of the market's overall growth. The adoption of Internet of Things (IoT) technology is estimated to increase in industrial applications in North America, especially in developed economies such as the US and Canada. In the US, a major market in the region, the telecom sector is expected to witness substantial growth during the forecast period. Hence, the increasing adoption of wireless technologies in the US is one of the major factors driving the growth of the network slicing market in the region. For more key insights on the market share of various regions and much more- Download a sample report
Network Slicing Market: Development of smart infrastructures to drive growth
The development of smart infrastructure is one of the key factors driving the growth of the global network slicing market.
Smart cities have become more popular in recent years, with the development of next-generation wireless technologies such as Li-Fi, 5G, LoRa, and network slicing, as well as the emergence of the Internet of Things (IoT).
Furthermore, 3G and 4G were introduced before the true emergence of IoT and smart devices. They lag significantly in terms of the technologies required to support such a complex network.
Thus, network operators need to upgrade their infrastructure to accommodate the devices that will account for USD 1.7 trillion in consumer spending by 2020.
Hence, such factors drive the market growth of network slicing during the forecast period.
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Network Slicing Market: Strategic Collaboration Among Market Participants
Strategic collaboration among market participants is an emerging trend in the global network slicing market.
Market participants from different industries, such as information technology solutions, telecommunication network infrastructure, utilities, and semiconductor integrated circuits (IC), are significantly investing in 5G technology.
5G technology can provide network transmission speeds of very high magnitudes compared with 4G networks.
The integration of HMI technologies across end-user industries such as automotive, aerospace and defense, consumer electronics, healthcare, and utility is driving the demand for networks that can support high-bandwidth applications with low latency.
Hence, the development of 5G network infrastructure will accelerate the demand for network slicing during the forecast period.
The network slicing market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Aarna Networks Inc., Amdocs Ltd, Cisco Systems Inc., Deutsche Telekom AG, GSM Association, HCL Technologies Ltd., Huawei Technologies Co. Ltd., Informa Plc, International Business Machines Corp., Mavenir Systems Inc., Microsoft Corp., Nippon Telegraph and Telephone Corp., Nokia Corp., Parallel Wireless Inc., Tambora Singapore Systems Pte. Ltd., Telefonaktiebolaget LM Ericsson, Turk Telekomunikasyon AS, Viavi Solutions Inc., Vodafone Group Plc, and ZTE Corp.
Network Slicing Market: Segmentation Analysis
This report extensively covers market segmentation by component (solution and services), end-user (communication service providers and enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the solution segment will be significant for market growth during the forecast period. Access threats are reduced by using a network slicing system with software and people who manage or configure IT infrastructure using network slicing solution tools. Systems for network slicing can be implemented as hardware appliances, on-premises software, or software as a service (SaaS). Network slicing also enables operators to reach out to new customers by providing customized solutions for various industry verticals, which allows for a large volume of customized use cases to generate entirely new revenue streams. Such factors will drive the segment growth during the forecast period.
The zero trust network access market size is expected to increase by USD 1.41 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 24.8%. Furthermore, this report extensively covers zero trust network access market segmentations by deployment (on-premises and cloud) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The growing frequency of target-based cyber-attacks is one of the major drivers impacting the zero-trust network access market growth.
The network as a service market size is estimated to grow at a CAGR of 19.9% between 2022 and 2027. The market size is forecasted to increase by USD 19,994.1 million. This network as a service market report extensively covers market segmentation by end-user (IT and telecom, BFSI, manufacturing, healthcare, and retail and others), type (WAN as a service and LAN as a service), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The increasing use of cloud services by enterprises is notably driving market growth.
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North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 36%
Key countries
US, Canada, China, UK, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Aarna Networks Inc., Amdocs Ltd, Cisco Systems Inc., Deutsche Telekom AG, GSM Association, HCL Technologies Ltd., Huawei Technologies Co. Ltd., Informa Plc, International Business Machines Corp., Mavenir Systems Inc., Microsoft Corp., Nippon Telegraph and Telephone Corp., Nokia Corp., Parallel Wireless Inc., Tambora Singapore Systems Pte. Ltd., Telefonaktiebolaget LM Ericsson, Turk Telekomunikasyon AS, Viavi Solutions Inc., Vodafone Group Plc, and ZTE Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 132: Mavenir Systems Inc. - Product / Service
Exhibit 133: Mavenir Systems Inc. - Key offerings
12.10 Microsoft Corp.
Exhibit 134: Microsoft Corp. - Overview
Exhibit 135: Microsoft Corp. - Business segments
Exhibit 136: Microsoft Corp. - Key news
Exhibit 137: Microsoft Corp. - Key offerings
Exhibit 138: Microsoft Corp. - Segment focus
12.11 Nippon Telegraph and Telephone Corp.
Exhibit 139: Nippon Telegraph and Telephone Corp. - Overview
Exhibit 140: Nippon Telegraph and Telephone Corp. - Business segments
Exhibit 141: Nippon Telegraph and Telephone Corp. - Key offerings
Exhibit 142: Nippon Telegraph and Telephone Corp. - Segment focus
12.12 Nokia Corp.
Exhibit 143: Nokia Corp. - Overview
Exhibit 144: Nokia Corp. - Business segments
Exhibit 145: Nokia Corp. - Key offerings
Exhibit 146: Nokia Corp. - Segment focus
12.13 Parallel Wireless Inc.
Exhibit 147: Parallel Wireless Inc. - Overview
Exhibit 148: Parallel Wireless Inc. - Product / Service
Exhibit 149: Parallel Wireless Inc. - Key offerings
12.14 Tambora Singapore Systems Pte. Ltd.
Exhibit 150: Tambora Singapore Systems Pte. Ltd. - Overview
Exhibit 151: Tambora Singapore Systems Pte. Ltd. - Product / Service
Exhibit 152: Tambora Singapore Systems Pte. Ltd. - Key offerings
12.15 Telefonaktiebolaget LM Ericsson
Exhibit 153: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 154: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 155: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 156: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 157: Telefonaktiebolaget LM Ericsson - Segment focus
12.16 Turk Telekomunikasyon AS
Exhibit 158: Turk Telekomunikasyon AS - Overview
Exhibit 159: Turk Telekomunikasyon AS - Business segments
Exhibit 160: Turk Telekomunikasyon AS - Key offerings
Exhibit 161: Turk Telekomunikasyon AS - Segment focus
12.17 Vodafone Group Plc
Exhibit 162: Vodafone Group Plc - Overview
Exhibit 163: Vodafone Group Plc - Business segments
Exhibit 164: Vodafone Group Plc - Key offerings
Exhibit 165: Vodafone Group Plc - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations
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