Authored By: Sarah
03 Mar 2023

Network Slicing Market Size to Grow by USD 821.83 Million at a CAGR of 28.28% Between 2022 and 2027

The network-slicing market share is expected to grow at a CAGR of 28.28% between 2022 and 2027. The development of smart infrastructures and the strategic collaboration among market participants provides promising grounds for the network-slicing market. 

The development of smart infrastructures is the key factor driving the growth of the global network-slicing market. Development of a slew 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), the experience of large towns and cities is set to improve significantly.

Technavio’s analysis on the “Network Slicing Market” projects that the market share is expected to increase by USD 821.83 million at an accelerating CAGR during 2023-2027. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 118.17 Million.

Browse Technavio's 154-page report and in-depth TOC on "Network Slicing Market 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).

View detailed Table of Contents Here: https://www.technavio.com/report/network-slicing-market-analysis

Network Slicing Market Size to Grow by USD 821.83 Million at a CAGR of 28.28% Between 2022 and 2027

Solution Segment to be the Fastest-Growing Network Slicing Market Segment 

The network slicing market is segmented 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 during the forecast period. In the global network slicing market, rising solution acceptance is expected to grow at the fastest rate of any solution sector. North America is estimated to contribute 36% to the growth of the global market during the forecast period. 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. 

Threat of Cybersecurity Breaches Poses a Significant Challenge 

The threat of cybersecurity breaches is a major challenge to the growth of the global network-slicing market. The adoption of 5G networks is expected to facilitate communication among connected devices in autonomous cars, electronic healthcare, smart cities, and building and home automation.

Major Network Slicing Market Vendors 

The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.  

Some of the major network-slicing market vendors are 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.

amdocs.com - The company offers network-slicing solutions such as design, operation, and automation.

cisco.com- The company offers network-slicing solutions such as virtual network functions and containerized network functions.

telekom.com- The company offers network-slicing solutions for 5G technologies.

Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.   

Key Data Covered in the Network Slicing Market Report  

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the network slicing market forecast during 2023-2027.  

  • Market-level data on units, average selling prices, and values of the network slicing market share.  

  • Prediction of the upcoming trends, drivers, and factors that challenge the network slicing market.  

  • Network slicing market growth across North America, Europe, APAC, South America, and the Middle East and Africa.

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