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Network Slicing Market Size

Report ID: GMI4569
Published Date: Feb 2020
Report Format: PDF

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Network Slicing Market Size

Network Slicing Market size exceeded USD 200 million in 2019 and is anticipated to grow at a CAGR of over 15% from 2020 to 2026. The market growth is attributed to the rising demand for next generation 5G network due its better bandwidth and speed capabilities.

Network Slicing Market Overview

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Different industry verticals are expected to increase their productivity due to commercialization of 5G network. Network slicing is supporting these businesses with massive IoT and low latency services for their digital transformation.

Network Slicing Market Report Attributes
Report Attribute	Details
Base Year:	2019
Network Slicing Market Size in 2019:	USD 200 Million
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	15%
2026 Value Projection:	USD 600 Million
Historical Data for:	2017 to 2019
No. of Pages:	255
Tables, Charts & Figures:	455
Segments covered:	Component, Application and Region
Growth Drivers:	Rising demand for commercilization of 5G network Increasing mobile subscribers Growing adoption of SDN and NFV solutions Development of smart cities Surging adoption of IoT devices across different industry verticals
Pitfalls & Challenges:	Lack of standardization Data security concerns

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of network slicing surpassed USD 200 million in 2019.

The industry share of network slicing is anticipated to grow at a CAGR of over 15% between 2020 and 2026.

Asia Pacific is expected to show a growth rate of over 20% during the forecast period owing to rising adoption of mobile devices in developing countries across the region.

The solution segment in the UK held a market share of over 80% in 2019 due to rising demand for better speed and bandwidth connectivity by telecom operators to serve different customer needs.

The major industry players include Affirmed Networks, Amdocs, Argela Technologies, Cisco Systems, Inc., Cloudstreet, HCL Technologies Limited, Huawei Technologies Co., Ltd., Mavenir, Nokia Corporation, Parallel Wireless, Inc., RedZinc Services Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corporation.