The network slicing market is anticipated to record a CAGR of 23.2% during the forecast period (2022 to 2032). The network slicing market is expected to be valued at USD 370 Million in 2022 and is projected to reach USD 3 Billion by 2032.
The network slicing market growth is projected to get influenced by the commercialization of 5G services and the availability of unlicensed and shared spectrum around the world.
The demand for network slicing solutions is anticipated to grow due to the advancement of cellular network technology, which provides greater data rates and lower latency.
Consumer demand for video and the change in industry toward the usage of cloud services have both contributed to the rapid increase in the adoption of network slicing.
| Attributes | Details |
|---|---|
| Network Slicing Market CAGR (2022 to 2032) | 23.2% |
| Network Slicing Market Value (2022) | USD 370 Million |
| Network Slicing Market Value (2032) | USD 3 Billion |
The adoption of network slicing is growing as it is reshaping various industries by connecting all types of devices, appliances, systems, and services, IoT adoption, and continuous developments in Machine-to-Machine (M2M) communication networks. Network slicing-enabled 5G would serve a variety of IoT use cases, allowing communication between massive numbers of sensors and linked devices. As a result of this, the demand for network-slicing solutions is predicted to grow rapidly during the forecast period.
The adoption of network slicing is increasing due to the developments in IoT technology. High-power, low-latency applications (such as mobile video surveillance) and low-power, low-latency, long-range IoT apps are two types of IoT applications (smart cities and smart factories).
The evolution of 5G technology is projected to accelerate in order to meet these needs for growing IoT applications, which are classified as huge machine-type communication and mission-critical applications.
The adoption of network slicing in every line of the industry has altered substantially as a result of Industry 4.0, automation, and digitalization. Most industries have experienced digital transformations to meet the increased demand for network-slicing solutions to maintain operational agility among customers and organizations.
There is a rising demand for network-slicing solutions among businesses to support their digital transformation efforts. The adoption of network slicing is projected to rise due to multiple technological breakthroughs and the growth in dynamic ecosystems. These factors have paved the path for new commercial applications to emerge in a variety of industries that are responsible for growth in network slicing market size.
Fixed network slices can be grown up by adding more hardware resources, however, RAN slicing is difficult to scale up since it quickly runs into a physical constraint owing to spectrum scarcity. Individual slices can be assigned dedicated carriers to bypass this issue.
The allotment of some carriers, on the other hand, would limit the network's ability to reap multiplexing advantages through the scaled-up slice. These factors are likely to limit the network-slicing market growth over the forecast period.
CIOs are mostly concerned about network slicing security, which can result in significant losses for organizations and service providers. SDN, NFV, and cloud-native architecture are used to construct the new network infrastructure, supporting the adoption of network slicing in multiple industries.
Network functions are separated from the underpinning infrastructure and distributed among local, regional, and central data centers. The demand for network slicing solutions is rising as the majority of network services in a cloud-based 5G network are implemented over public and private cloud infrastructure.
During the forecast period, the network slicing market is anticipated to be dominated by the solutions sector with a CAGR of 21.1%. The growing demand for high-speed and extensive network coverage, increasing mobile data traffic volumes, increasing demand for ultra-low latency, and expanding use of network virtualization are all driving this segment's growth.
The usefulness, criticality, and ease of implementation of network-slicing solutions all contribute to the segment's growth. Due to the benefits that network slicing solutions give, various suppliers are investing in Research and Development to improve and make them cheaper, especially for small and medium-sized businesses. As a result of this, the global network slicing market share is projected to rise during the forecast period.
By services, the professional services segment is anticipated to hold the largest share with a CAGR of 21.1% during the forecast period. This growth is due to the increasing demand for smart monitoring and the steady increase in the remote operation of processes and applications.
| Regions | CAGR (2022 to 2032) |
|---|---|
| USA Market | 22.9% |
| UK Market | 21.7% |
| China Market | 22.7% |
| Japan Market | 22.2% |
| South Korea Market | 21.9% |
The Asia Pacific region is anticipated to hold the highest proportion of the global network slicing market with an average CAGR of 22.4%. The presence of important firms delivering innovative network-slicing solutions and services to many sectors is responsible for the region's large share.
Some businesses and governments in this region have expressed an increased interest in commercializing the next-generation 5G network. Furthermore, the region's dominance in the network slicing market is likely to be maintained during the forecast period, thanks to rising demand for network virtualization, a favorable environment for start-ups, and strong government initiatives.
Increasing usage of technologies such as cloud computing, network function virtualization, and IoT is likely to propel the network slicing market in North America to new heights over the forecast period. Furthermore, the increased demand for broadband services across North America is expected to significantly boost the network-slicing market growth in the coming years.
The network slicing market is fragmented, with different players collaborating to provide the required availability, latency, data rate, and security. Carriers can use network slice management technologies to implement network slice lifecycle management in preparation for 5G.
Recent Developments in the Network Slicing Market
Table 1: Global Market Value (US$ Million), By Component, 2015 to 2021
Table 2: Global Market Value (US$ Million), By Component, 2022 to 2032
Table 3: Global Market Value (US$ Million), By Service, 2015 to 2021
Table 4: Global Market Value (US$ Million), By Service, 2022 to 2032
Table 5: Global Market Value (US$ Million), By End-user, 2015 to 2021
Table 6: Global Market Value (US$ Million), By End-user, 2022 to 2032
Table 7: Global Market Value (US$ Million), By Application, 2015 to 2021
Table 8: Global Market Value (US$ Million), By Application, 2022 to 2032
Table 9: Global Market, By Region, 2015 to 2021
Table 10: Global Market, By Region, 2022 to 2032
Table 11: North America Market Value (US$ Million), By Component, 2015 to 2021
Table 12: North America Market Value (US$ Million), By Component, 2022 to 2032
Table 13: North America Market Value (US$ Million), By Service, 2015 to 2021
Table 14: North America Market Value (US$ Million), By Service, 2022 to 2032
Table 15: North America Market Value (US$ Million), By End-user, 2015 to 2021
Table 16: North America Market Value (US$ Million), By End-user, 2022 to 2032
Table 17: North America Market Value (US$ Million), By Application, 2015 to 2021
Table 18: North America Market Value (US$ Million), By Application, 2022 to 2032
Table 19: North America Market, By Country, 2015 to 2021
Table 20: North America Market, By Country, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Component, 2015 to 2021
Table 22: Latin America Market Value (US$ Million), By Component, 2022 to 2032
Table 23: Latin America Market Value (US$ Million), By Service, 2015 to 2021
Table 24: Latin America Market Value (US$ Million), By Service, 2022 to 2032
Table 25: Latin America Market Value (US$ Million), By End-user, 2015 to 2021
Table 26: Latin America Market Value (US$ Million), By End-user, 2022 to 2032
Table 27: Latin America Market Value (US$ Million), By Application, 2015 to 2021
Table 28: Latin America Market Value (US$ Million), By Application, 2022 to 2032
Table 29: Latin America Market, By Country, 2015 to 2021
Table 30: Latin America Market, By Country, 2022 to 2032
Table 31: Europe Market Value (US$ Million), By Component, 2015 to 2021
Table 32: Europe Market Value (US$ Million), By Component, 2022 to 2032
Table 33: Europe Market Value (US$ Million), By Service, 2015 to 2021
Table 34: Europe Market Value (US$ Million), By Service, 2022 to 2032
Table 35: Europe Market Value (US$ Million), By End-user, 2015 to 2021
Table 36: Europe Market Value (US$ Million), By End-user, 2022 to 2032
Table 37: Europe Market Value (US$ Million), By Application, 2015 to 2021
Table 38: Europe Market Value (US$ Million), By Application, 2022 to 2032
Table 39: Europe Market, By Country, 2015 to 2021
Table 40: Europe Market, By Country, 2022 to 2032
Table 41: Asia Pacific Market Value (US$ Million), By Component, 2015 to 2021
Table 42: Asia Pacific Market Value (US$ Million), By Component, 2022 to 2032
Table 43: Asia Pacific Market Value (US$ Million), By Service, 2015 to 2021
Table 44: Asia Pacific Market Value (US$ Million), By Service, 2022 to 2032
Table 45: Asia Pacific Market Value (US$ Million), By End-user, 2015 to 2021
Table 46: Asia Pacific Market Value (US$ Million), By End-user, 2022 to 2032
Table 47: Asia Pacific Market Value (US$ Million), By Application, 2015 to 2021
Table 48: Asia Pacific Market Value (US$ Million), By Application, 2022 to 2032
Table 49: Asia Pacific Market, By Country, 2015 to 2021
Table 50: Asia Pacific Market, By Country, 2022 to 2032
Table 51: MEA Market Value (US$ Million), By Component, 2015 to 2021
Table 52: MEA Market Value (US$ Million), By Component, 2022 to 2032
Table 53: MEA Market Value (US$ Million), By Service, 2015 to 2021
Table 54: MEA Market Value (US$ Million), By Service, 2022 to 2032
Table 55: MEA Market Value (US$ Million), By End-user, 2015 to 2021
Table 56: MEA Market Value (US$ Million), By End-user, 2022 to 2032
Table 57: MEA Market Value (US$ Million), By Application, 2015 to 2021
Table 58: MEA Market Value (US$ Million), By Application, 2022 to 2032
Table 59: MEA Market, By Country, 2015 to 2021
Table 60: MEA Market, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Component, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Component - 2022 to 2032
Figure 6: Global Market Share, By Service, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Service - 2022 to 2032
Figure 9: Global Market Share, By Application, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Application - 2022 to 2032
Figure 12: Global Market Share, By End-user, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By End-user - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By End-user - 2022 to 2032
Figure 15: Global Market Share, By Region, 2022 & 2032
Figure 16: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 17: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 18: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 19: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 20: North America Market Share, By Component, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Component - 2022 to 2032
Figure 23: North America Market Share, By Service, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Service - 2022 to 2032
Figure 26: North America Market Share, By Application, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Application - 2022 to 2032
Figure 29: North America Market Share, By End-user, 2022 & 2032
Figure 30: North America Market Y-o-Y Growth Projections, By End-user - 2022 to 2032
Figure 31: North America Market Attractiveness Index, By End-user - 2022 to 2032
Figure 32: North America Market Share, By Country, 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 34: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 35: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 36: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 37: Latin America Market Share, By Component, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Component - 2022 to 2032
Figure 40: Latin America Market Share, By Service, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Service - 2022 to 2032
Figure 43: Latin America Market Share, By Application, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 45: Latin America Market Attractiveness Index, By Application - 2022 to 2032
Figure 46: Latin America Market Share, By End-user, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections, By End-user - 2022 to 2032
Figure 48: Latin America Market Attractiveness Index, By End-user - 2022 to 2032
Figure 49: Latin America Market Share, By Country, 2022 & 2032
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 51: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 52: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 53: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 54: Europe Market Share, By Component, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Component - 2022 to 2032
Figure 57: Europe Market Share, By Service, 2022 & 2032
Figure 58: Europe Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 59: Europe Market Attractiveness Index, By Service - 2022 to 2032
Figure 60: Europe Market Share, By Application, 2022 & 2032
Figure 61: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 62: Europe Market Attractiveness Index, By Application - 2022 to 2032
Figure 63: Europe Market Share, By End-user, 2022 & 2032
Figure 64: Europe Market Y-o-Y Growth Projections, By End-user - 2022 to 2032
Figure 65: Europe Market Attractiveness Index, By End-user - 2022 to 2032
Figure 66: Europe Market Share, By Country, 2022 & 2032
Figure 67: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 68: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 69: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 70: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 71: MEA Market Share, By Component, 2022 & 2032
Figure 72: MEA Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 73: MEA Market Attractiveness Index, By Component - 2022 to 2032
Figure 74: MEA Market Share, By Service, 2022 & 2032
Figure 75: MEA Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 76: MEA Market Attractiveness Index, By Service - 2022 to 2032
Figure 77: MEA Market Share, By Application, 2022 & 2032
Figure 78: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 79: MEA Market Attractiveness Index, By Application - 2022 to 2032
Figure 80: MEA Market Share, By End-user, 2022 & 2032
Figure 81: MEA Market Y-o-Y Growth Projections, By End-user - 2022 to 2032
Figure 82: MEA Market Attractiveness Index, By End-user - 2022 to 2032
Figure 83: MEA Market Share, By Country, 2022 & 2032
Figure 84: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 85: MEA Market Attractiveness Index, By Country - 2022 to 2032
Figure 86: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 88: Asia Pacific Market Share, By Component, 2022 & 2032
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness Index, By Component - 2022 to 2032
Figure 91: Asia Pacific Market Share, By Service, 2022 & 2032
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 93: Asia Pacific Market Attractiveness Index, By Service - 2022 to 2032
Figure 94: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 96: Asia Pacific Market Attractiveness Index, By Application - 2022 to 2032
Figure 97: Asia Pacific Market Share, By End-user, 2022 & 2032
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By End-user - 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness Index, By End-user - 2022 to 2032
Figure 100: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 102: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
The network slicing market is anticipated to record a CAGR of 23.2% during the forecast period (2022 to 2032).
The Asia-Pacific region is anticipated to hold the highest proportion of the global network slicing market.
By end user, the telecom operators sector led the global network slicing market share in 2021 and is likely to continue to do so in the coming years.
The network slicing market is expected to be valued at USD 3 Billion by 2032.
North America is expected to significantly boost network slicing market growth in the coming years.
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Network Slicing Market
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