Latest News- Network Slicing Market: Solution is expected to lead the Component segment during 2025-2029

The Network Slicing Market is being driven by Development of smart infrastructures

The Network Slicing Market is expected to grow at a CAGR of 34.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1803.6 million. Market players hailing from sectors including information technology solutions, telecommunications network infrastructure, utilities, and semiconductor integrated circuits (ICs) are making substantial investments in 5G technology. Collaborative efforts between governments and industry participants aim to expedite the rollout of 5G networks. The 5G technology boasts transmission speeds of unprecedented magnitudes compared to 4G networks. The integration of Human-Machine Interface (HMI) technologies in industries such as automotive, aerospace and defense, consumer electronics, healthcare, and utilities necessitates networks capable of handling high-bandwidth applications with minimal latency. Consequently, a growing number of businesses are concentrating on the development of 5G-compatible devices and the establishment of networks within the 5G ecosystem. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Solution
  • Services
• End-user
  • Communication service providers
  • Enterprises
• Application
  • Manufacturing
  • Government
  • Automotive
  • Media and entertainment
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Development of smart infrastructures
• Proliferation of network function virtualization and software-defined networking
• Significant growth in mobile data-traffic volumes

However, the market also witnesses some limitations, which are as follows:

• Threat of cybersecurity breach
• Design challenges
• High deployment cost of 5G technology

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Market Scope in Network Slicing Market Research Report

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Research Analysis Overview

The Network Slicing Market encompasses solutions for smart cities, optimizing resources for public safety, industrial automation, financial services, and end users. It includes software-defined networking (SDN) and network function virtualization (NFV) for enterprise, 5G use cases, and cybersecurity. SDN and NFV enable automation in manufacturing, high-performance computing, and low-latency applications. AI-powered networking, cloud-native networking, and edge computing solutions support smart city initiatives, IoT connectivity, and virtual networks. Telecom operators provide custom connectivity, QoS management, and bandwidth allocation for enterprise applications, mobile broadband, and digital transformation. Network resources are allocated for low-latency, high-bandwidth services, including video streaming, and ensuring cybersecurity for 5G and IoT devices.

Market Research Overview

The global communications equipment market encompasses manufacturers of broadband services, 5G networks, online education, and network function virtualization solutions, collectively referred to as enterprise networking products. According to Technavio, this market comprises revenues from the sales of communication equipment, broadcasting equipment, telecommunication equipment, and telecom service providers' infrastructure investments. Excluding cellular phone manufacturing revenues, the market's growth is fueled by the expanding number of data centers, the proliferation of 5G networks, the increasing demand for online education, and the implementation of network function virtualization.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/