Network Slicing Market to Register High Demand Rate of 22.1% by 2026
Global Network Slicing Market Highlights:
According to Market Prognosis, the Global Network Slicing Market is accounted for $120.34 million in 2017 and is expected to reach $726.27 million by 2026 growing at a CAGR of 22.1% during the forecast period. Some of the key factors that drive the growth of the market include growing requirement for high speed internet and large network coverage, rising demand for broadband services over mobile network, high growth rate in mobile data traffic volumes and virtualization of networks. However, lack of edge computing resources and designing challenges are some factors hampering the market scope. Moreover, rising number of IoT connecting devices and nimble networks are providing significant opportunities for the market over the forecast period.
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Top Market Player’s
Some of the key players in Network Slicing Market include Aria Networks, Affirmed Networks, Intel, NTT DOCOMO, Ericsson, Huawei, Argela, Mavenir, ZTE, SK Telecom, Nokia Networks and Cisco Systems.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Market Segments
On the basis of application, remote monitoring segment is projected to grow with a largest market share during the forecast period. It has become an important part in maintaining a competitive edge in the market. Network requirements for remote operation include broad coverage, high data throughput and low latency to enable continuous video streaming. 5G will bring a number of benefits to remote control systems, including core network slicing that will enable priority service provisioning, and radio access to bring ultra-low latency and beam forming for high throughput and capacity.
In terms of geography, North America is expected to hold the largest market share during the forecast period owing to its the growing acceptance of smart connected devices, industrial internet of everything (IIoE), and nimble networks. Moreover, the improved budgets and grants have invited various big market players to make significant investments in this region.
Services Covered:
• Managed Services
• Professional Services
Components Covered:
• Services
• Technologies
Technologies Covered:
• Cloud Radio Access Network
• Software-Defined Networking and Network Functions Virtualization
Applications Covered:
• Network Monitoring
• Asset Management
• Remote Monitoring
• Multimedia
• Real-Time Streaming
• Supply Chain Management
End Users Covered:
• Agriculture
• Banking, Financial Services, and Insurance
• Healthcare
• Automotive
• Public Safety
• Media and Entertainment
• Energy and Utilities
• Manufacturing
• Other End Users
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