Network Slicing Market size was valued at US$ 560.93 Mn. in 2023 and the total revenue is expected to grow at 51.6 % through 2024 to 2030, reaching nearly US$ 10323.02 Mn.
Network Slicing Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Network Slicing Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Network Slicing market by thorough analysis, and projections are made up to 2030.
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Network Slicing Market Scope and Methodology:
The Network Slicing market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Network Slicing market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
The report concludes that there are significant opportunities in the market through a thorough examination of the situation of Network Slicing market mergers and acquisitions, R&D initiatives, new industrial processes, innovative forms of advancement, and buyer direct. The papers highlight the tactics, portfolios, organizational structures, and astute analysis of the top players in the Network Slicing industry. A thorough SWOT analysis & PESTLE evaluation were carried out to ascertain the trends in the Network Slicing market in order to identify market developments and open doors that effect the microeconomic elements that are available.
Network Slicing Market Regional Insights
Regional insights play a vital role in understanding the nuanced dynamics of the Network Slicing market. The Network Slicing market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive examination of factors, market size, growth rate, and import and export activities within each region. The Regional Analysis section presents the current status of the Network Slicing market in the countries covered in the report.
Network Slicing Market Segmentation
by Component
Solutions
Services
by Professional Services
Consulting
Integration & Deployment
Support & Maintenance
Network Testing
Network Planning & Optimization
by Application
Asset Management
Remote Monitoring
Network Monitoring
Supply Chain Management
Real-Time Streaming
Multimedia
by End-User
Healthcare
Energy and Utilities
Transportation and Logistics
Manufacturing
Media and Entertainment
Government
Others
The Network Slicing market is further divided into Solutions and Services based on the Component. In 2023, the Solutions sector had the highest market share of %. The increased share of this market segment can be attributed to the growing need for ultra-low latency communications, high-speed and wide network coverage, and smartphone usage. The expansion of this market is also being fueled by the benefits of network slicing, which include limited real-time application delivery, mobility, versatility, and adaptability. The solutions section is anticipated to expand at the fastest compound annual growth rate throughout the course of the forecast period. Throughout the projection period, there will probably be a sharp increase in demand for network slicing solutions because the technology is still quite new.
The Network Slicing market is further divided into the End-User categories of Healthcare, Energy and Utilities, Manufacturing, Transportation and Logistics, Media and Entertainment, Government, and Others. In 2023, the Healthcare sector accounted for 21% of the total market share. A significant portion of this market is driven by the advantages of network slicing, which include lower latency issues, increased IT agility, faster and more bandwidth-connected networks, the ability to monitor applications remotely, and reliable healthcare services. Additionally, the demand for network slicing solutions is expected to increase due to the quick uptake of virtual healthcare services, especially in the wake of the COVID-19 pandemic.
Major telecom companies and healthcare organizations are working together to implement 5G network slicing technology throughout the sector. For instance, in October 2021, in accordance with the National Health Commission's (NHC) recommendations, the China Association of Medical Equipment (CAME) and over thirty hospitals joined forces with major telecom service providers, including Huawei, China Mobile, China Unicom, and China Telecom, to release the 5G Hospital Network Standard.
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Network Slicing Market Key Players
1. Argela Technologies
2. Cisco Sys`tems Inc.
3. Hewlett Packard Enterprise
4. Huawei Technologies Co., Ltd.
5. Mavenir
6. Nokia
7. Samsung
8. Telefonaktiebolaget LM Ericsson
9. ZTE
10. Ericsson
11. Aria Networks
12. Intel
13. SK Telecom
14. NTT Docomo
15. AFFIRMED NETWORKS INC.
16. AMDOCS
17. Parallel Wireless
18. Tambora Systems
19. Blue Planet
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Key questions answered in the Network Slicing Market are:
- What is Network Slicing?
- What was the Network Slicing market size in 2023?
- Who are the leading companies and what are their portfolios in Network Slicing Market?
- What growth strategies are the players considering to increase their presence in Network Slicing?
- What are the upcoming industry applications and trends for the Network Slicing Market?
- Which are the factors expected to drive the Network Slicing market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Network Slicing Market?
- What are the different segments of the Network Slicing Market?
- What will be the CAGR at which the Network Slicing market will grow?
- What is the growth rate of the Network Slicing Market?
- What segments are covered in the Network Slicing Market?
- What are the key challenges and opportunities in the Network Slicing market?
- Which application holds the highest potential in the Network Slicing market?
- Who are the key players in the Network Slicing market?
Read the full story on our site: https://www.maximizemarketresearch.com/market-report/global-network-slicing-market/4561/
Key Offerings:
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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