Selbyville, Delaware, Feb. 23, 2021 (GLOBE NEWSWIRE) -- According to credible analysts, global network slicing market accounted for USD 172.56 million in 2019 and is estimated to grow at a robust CAGR of 23.7% during 2020-2027, subsequently reflecting a valuation of USD 946 million by the end of the analysis timeframe.
The unanticipated Covid-19 pandemic has curtailed the global economy, thwarting business development as well as profit generation by disruption of the entire supply chain. Thus, holistic investigation of this report aims to respond to all probable contingencies while parallelly suggesting effectual business tactics for stakeholders to stay strong in the vertical. Proceeding further, the study hosts a comprehensive analysis of the deep-rooted organizations, inclusive of their production capabilities, profit stake, product & service offerings, and remuneration.
Beneficial attributes such as greater data exchange speed, high flexibility, enhanced security, and low expectancy, along with increasing volume of data offered by cellular networks, and escalating consumer demand for cloud services are augmenting the global network slicing market size.
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For the record, network slicing refers to an architecture which enables the formation of multiple virtual networks, called as slices, to fulfil the needs of specific applications including latency, bandwidth, and speed.
Rising adoption of NFV (network functions virtualization) as well as SDN (software-defined networking) solutions, increasing utilization of IoT devices, rapid development in machine-to-machine communication networks, and flourishing 5G network infrastructure are stimulating the global network slicing market outlook. On the contrary, lack of standardization, and growing concerns regarding data security and privacy are major restraining factors for the business development.
Outlining market segmentations
Speaking of component type, worldwide network slicing industry is divided into services, and solutions. With regards to end-user terrain, the market is categorized into enterprises, and telecom operators.
Moving on to industry verticals, the market serves government, BFSI, transport & logistic, media & entertainment, automotive, healthcare, and manufacturing among others.
Regional outlook
Geographically speaking, Europe is expected to emerge as a major revenue generator for the global market through 2027, on account of surging demand for higher network speed, connectivity as well as bandwidth.
On the other hand, Asia-Pacific network slicing market size is also slated to amass lucrative gains over the forecast period, primarily due to rising adoption of cloud-based solutions as well as other technologies such as Big Data analytics and IoT.
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Competitive dashboard
Prominent players influencing the global network slicing industry trends are ZTE Corporation, Telefonaktiebolaget LM Ericsson, Samsung Group, Nokia Corporation, Mavenir, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Co., Cisco Systems Inc., and Argela Technologies among others.
Global Network Slicing Market by Component Type (Revenue, USD Billion, 2018-2027)
- Services
- Solutions
Global Network Slicing Market End-user Terrain (Revenue, USD Billion, 2018-2027)
- Enterprises
- Telecom Operators
Global Network Slicing Market by Industry Vertical (Revenue, USD Billion, 2018-2027)
- Government
- BFSI
- Transport & Logistic
- Media & Entertainment
- Automotive
- Healthcare
- Manufacturing
- Others
Global Network Slicing Market Regional Outlook (Revenue, USD Billion, 2018-2027)
Europe
- Spain
- Italy
- France
- Germany
- United Kingdom
Asia-Pacific
- Australia
- China
- Japan
- India
North America
- Canada
- The United States of America
Rest of the World
Global Network Slicing Market Competitive Landscape (Revenue, USD Billion, 2018-2027)
- ZTE Corporation
- Telefonaktiebolaget LM Ericsson
- Samsung Group
- Nokia Corporation
- Mavenir
- Huawei Technologies Co. Ltd.
- Hewlett Packard Enterprise Co.
- Cisco Systems Inc.
- Argela Technologies
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Network Slicing Market, by Components, 2018-2027 (USD Billion)
1.2.2. Network Slicing Market, by End User, 2018-2027 (USD Billion)
1.2.3. Network Slicing Market, by Industry Vertical, 2018-2027 (USD Billion)
1.2.4. Network Slicing Market, By Region, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Network Slicing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Network Slicing Market Dynamics
3.1. Network Slicing Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Network Slicing Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Network Slicing Market, by Components
5.1. Market Snapshot
5.2. Global Network Slicing Market by Source, Performance - Potential Analysis
5.3. Global Network Slicing Market Estimates & Forecasts by Components, 2018-2027 (USD Billion)
5.4. Network Slicing Market, Sub Segment Analysis
5.4.1 Solution
5.4.2 Services
Chapter 6. Global Network Slicing Market, By End Users
6.1. Market Snapshot
6.2. Global Network Slicing Market by Source, Performance - Potential Analysis
6.3. Global Network Slicing Market Estimates & Forecasts by End User, 2018-2027 (USD Billion)
6.4. Network Slicing Market, Sub Segment Analysis
6.4.1. Telecom Operators
6.4.2. Enterprise
Chapter 7. Global Network Slicing Market, Industry Vertical
7.1. Market Snapshot
7.2. Global Network Slicing Market by Source, Performance - Potential Analysis
7.3. Global Network Slicing Market Estimates & Forecasts by Industry Vertical, 2018-2027 (USD Billion)
7.4. Network Slicing Market, Sub Segment Analysis
7.4.1. Manufacturing
7.4.2. Healthcare
7.4.3. Automotive
7.4.4. Media & Entertainment
7.4.5. Transport & Logistic
7.4.6. BFSI
7.4.7. Government
7.4.8. Others
Chapter 8. Global Network Slicing Market, Regional Analysis
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