High Level of Mobile Data Traffic Expected to Surge the Global Network Slicing Market from 2020 to 2027 – Exclusive Current Top 10 Key Players Business Strategies and Forecast [246 pages] Report by Research Dive

Global network slicing market is expected to witness a noteworthy growth during the forecast period, 2020-2027. Solution sub-segment and professional sub-segment are expected to be the most lucrative ones. Real-time surveillance sub-segment is expected to be the most profitable. North America region is expected to lead the market.


New York, USA, Sept. 13, 2021 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global network slicing market is anticipated to generate a significant revenue of $1,456.6 million at a CAGR of 24.20% during the forecast period, 2020-2027.

Download Free Sample Report of the Global Network Slicing Market: https://www.researchdive.com/download-sample/5670

The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints, and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

Dynamics of the Market

Drivers: The demand of network slicing technology has been increased in order to overcome the challenges created by increasing mobile data traffic. With the rising internet subscribers and essential online services across the world, mobile data traffic has been increased like never before. This is the main factor enhancing the growth of the market during the forecast period.

Check out How COVID-19 impact on the Global Network Slicing Market: https://www.researchdive.com/connect-to-analyst/5670

Restraint: Security fissures and other challenges related to information sharing and exposure constraints are expected to hamper the growth of the market during the forecast period.

Opportunity: The use of 5G network slicing competencies in the businesses is expected to create many opportunities for the market in upcoming years.

Check out all Information and communication technology & media Industry Reports: https://www.researchdive.com/information-and-communication-technology-and-media

Key Segments of the Market

The report has divided the market into different segments based on component type, services, end-user, applications, and regional analysis.

Component: Solution Sub-Segment Expected to be the Most Lucrative

Solution sub-segment is predicted to generate the highest revenue of $942.7 million during the analysis period. Network slicing provides quality of service (QoS), data security, energy efficiency and immense connectivity, which is expected to be one of the major factors behind the growth of the market segment.

Access Varied Market Reports Bearing Extensive Analysis of the Market Situation, Updated With The Impact of COVID-19: https://www.researchdive.com/covid-19-insights

Services: Professional Sub-Segment Predicted to be the Most Profitable

The professional services sub-segment is predicted to generate a revenue of $802.3 million by the end of 2027, with CAGR of 28.10%, increasing from $61,691.0 million in 2019. The reason behind this growth is the application of network slicing platform in various industrial aspects such as data security, Quality of service (QoS), excellent connectivity, and energy efficiency. This platform also helps in the development of operations and in improving the efficiency of 5G network infrastructure.

Application: Real-Time Surveillance Sub-Segment Expected to be the Most Lucrative

Real-time surveillance sub-segment is anticipated to garner a revenue of $832 million during the forecast period. The main attributor of this growth is the increasing number of internet subscribers and mobile data traffic for seamless connectivity.

End-User: Government Sub-Segment Predicted to Earn the Highest Market Share

The government sub-segment is predicted to dominate the market by garnering a revenue of $246.1 million by the end 2027, rising from $46.1 million in 2019. The government support for the 5G infrastructure development in the telecom sector is main factor accelerating the growth of the segment.

Impact Analysis of COVID-19

The COVID-19 pandemic has impacted the global network slicing market in a positive way.

This is because of the increasing demand of broadband services, remote access services in many IT, retail, and healthcare industries during the lockdown period. Other factor that may be posed as an enhancer of the market is the deployment of wireless networking services in recent months of 2020 and 2021. These are the major reasons behind the growth of the network slicing market during the pandemic.

Region: North America to Dominate the Market

North America regional market generated $80.5 million in 2019 and is further predicted to garner a revenue of $410.3 million by the end of 2027.

Rapid penetration of cutting-edge technologies, approval of industrial IoT, smart connected devices and agile networks in the North American countries are contributing to the growth of the market during the forecast period.

Key Players & Strategies

1. Nokia
2. Parallel Wireless
3. Mavenir
4. Tambora Systems
5. Cisco Systems
6. Huawei
7. Affirmed Networks
8. Argela
9. BT 2020
10. NTT Docomo Inc

Recent development

In January 2021, Ericsson, a Swedish multinational networking and telecommunications company, launched a profitmaking 5G network slicing product for radio access networks (RAN). According to the company, 5G RAN slicing distributes radio resources based on dynamic partitioning, which conveys 1 millisecond scheduling. The RAN slicing technology is an essential element for end-to-end network slicing. It performs across the RAN, core, transport, and edge networks to provide a steadfast slice that is offered to enterprise customers or service providers.

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments. Click Here to Get Absolute Top Companies Development Strategies Summary Report.

TRENDING REPORTS WITH COVID-19 IMPACT ANALYSIS

Quantum Computing Market: https://www.researchdive.com/8332/quantum-computing-market

Natural Language Processing Market: https://www.researchdive.com/5343/natural-language-processing-market

Zero Trust Security Market: https://www.researchdive.com/5368/zero-trust-security-market

Mobile Satellite Phone Market: https://www.researchdive.com/8353/mobile-satellite-phone-market

 

Coordonnées