The Network Slicing Market size was USD 0.4 billion in 2022 and is expected to Reach USD 11.2 billion by 2030 and grow at a CAGR of 51.7 % over the forecast period of 2023-2030.
A network slice is a concept that consists of a variety of cutting-edge technologies built on the open-source community and standards and involves the creation of several virtual networks on a shared multi-domain infrastructure. It is an independent end-to-end network with shared or dedicated resources that can deliver high-quality service. Each slice outlines the functionality that includes radio access network functions and core network functions. The deployment of cutting-edge technologies like AI, AR/VR, and improvements in machine-to-machine communications, along with the growing acceptance of Internet of Things solutions, are expected to drive considerable growth in the network-slicing market. The market is divided into solutions and services based on components. With the highest revenue share of 60.3% in 2021, the solution segment led the market and is anticipated to grow at a CAGR of 49.5% over the forecast period. The adoption of network-slicing solutions by CSPs to expedite the delivery of various apps and services is responsible for the rise of the solution category. A greater focus on using cloud services is also projected to accelerate the industry's growth. Additionally, with the growing usage of 5G networks that support network slicing in a number of industries, including BFSI, among other things, the growth is positively impacted by retail and e-commerce. It also makes it possible to manage and use services effectively, maximizing return on investment. Additionally, it gives companies and organizations access to networks that can be customized to efficiently and affordably satisfy certain objectives under the guidance of a service level agreement. Network slicing allows operators to host a diverse range of service requirements for various use cases over a single network, adapting, adding, and configuring as needed. This means that segments can be sliced and configured as required without needing to set up a new network, which gives operators the flexibility to tailor networking specifications to specific tasks to improve business operations. Network slicing represents a major advance for the industry because it enables new value-added services that are more efficient and cost-effective.
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KEY DRIVERS
Increase demand for next-generation 5G network to enable better speed and bandwidth capabilities.
Need for security and privacy.
5G is a high-speed, low-latency network that is ideal for a wide range of new services, such as augmented reality, virtual reality, and the Internet of Things. Network slicing can be used to create dedicated network slices for these services, ensuring that they have the performance they need.
RESTRAIN
High cost of deployment
Lack of standardization
Network slicing is a complex technology that requires significant investment in hardware and software. This can be a barrier to adoption for some mobile operators.
OPPORTUNITY
Network slicing is a promising technology that has the potential to create several opportunities in the market across industrial, government, and organizational sectors.
Network slicing can be used to create dedicated network slices for industrial applications, such as factory automation, smart transportation, and oil and gas exploration. It can also be creating dedicated network slices for government applications, such as public safety, disaster response, and military operations. This can help to improve the security and reliability of these applications, and it can also help to protect sensitive data.
CHALLENGES
Interoperability can be a challenge for operators, and they need to ensure that they have the right standards and protocols.
Interoperability between various manufacturers and technologies is necessary for network slicing in order to ensure that slices can be efficiently created and managed. Operators may find it difficult to achieve this interoperability; thus, they must make sure that the appropriate standards and protocols are in place to enable the efficient creation and management of the slices.
The Russia-Ukraine war has also had a negative impact on the network-slicing sector as a whole. The war has led to delays in the deployment of network-slicing services, higher prices for network-slicing solutions, and increased reputational risk for companies that do business with Russia or Ukraine. It is likely that the war will have a lasting impact on the network-slicing market, and it could slow down the adoption of this technology. In March 2022, Nokia announced that it was suspending its operations in Russia and Ukraine due to the war. The company said that the war had created "significant risks" for its business in the region. ZTE is a Chinese telecommunications company that is a major supplier of components and materials for network-slicing solutions. The company has been affected by the sanctions imposed on Russia, and it has warned that the war will have a negative impact on its business.
IMPACT OF ONGOING RECESSION
The ongoing recession is having a significant impact on the network-slicing market. The market is expected to decline by 10% in 2023. Some of the companies that have been most affected by the recession in the network-slicing market include Nokia, Ericsson, Huawei, etc. Nokia announced that it would be laying off 10,000 employees, as part of a restructuring plan to focus on its core businesses. However, some reports suggest that the recession has cost businesses billions of dollars in lost revenue and increased costs. For example, a report by the Ponemon Institute estimated that the cost of a data breach caused by a network slicing vulnerability could be as high as $3.9 million. The recession in the network slicing market is likely to continue for the next few years, as businesses and vendors work to address the challenges facing the market. However, the long-term potential of network slicing is still significant, and the market is expected to rebound in the coming years.
By Component
Solution
Services
By End-User
Communication Service Providers
Enterprises
By Industry Vertical
Manufacturing
Healthcare
Fast-Moving Consumer Goods
Retail
E-commerce
Automotive
Others
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North America
USA
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
In 2022, North America held the top spot with a 36.5% revenue share. The rising use of smartphones, the expansion of online services, and the number of internet users in the area are all cited as causes of this. The presence of prominent businesses like Cisco Systems Inc., Mavenir Systems Inc., and Intel Corporation, among others, has fueled the expansion of the local sector and is the main driving force behind it. To provide end-to-end effective consumption and control of network services, several businesses operating in this region are creating novel solutions, which is fostering growth. Additionally, factors like increasing investment and early acceptance of cutting-edge technology due to high digital end-user involvement favorably impact the rollout of public 5G.
The Asia-Pacific region is anticipated to experience the fastest growth rate over the projection period, Due to the widespread use of mobile devices in developing nations like China and India. An assortment of new services for consumers will be made possible by the region's rapidly expanding investments in 5G infrastructure, which will also stimulate economic growth. For instance, the Asia-Pacific edition of the GSMA's Mobile Economy series estimates that between 2018 and 2025, Asia's mobile operators will spend about $370 billion constructing new 5G networks. Such expenditures present an opportunity for the expansion of the regional network-slicing market.
The major key players in the Network Slicing Market are Ericsson, Samsung, Nokia Corporation, Huawei Technologies, ZTE Corporation, Cisco Systems Inc., HPE, Mavenir Systems Inc., Amdocs, Inc., Intel Corporation, Hewlett Packard Enterprise, and other players.
Nokia: In January 2023, Nokia announced that it had launched a new network-slicing platform called Nokia Network Slice Manager. This platform is similar to Ericsson Network Slicing Manager and is also designed to help mobile operators deploy and manage network slicing services more efficiently.
Ericsson: In February 14, 2023, The second development in an announcement in the network slicing market was made by Ericsson. Ericsson announced that it had launched a new network-slicing platform called Ericsson Network Slicing Manager. This platform is designed to help mobile operators deploy and manage network-slicing services more efficiently.
| Report Attributes | Details |
| Market Size in 2022 | US$ 0.4 Bn |
| Market Size by 2030 | US$ 11.2 Bn |
| CAGR | CAGR of 51.7 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solution, Services) • By End-User (Communication Service Providers, Enterprises) • By Industry Vertical (Manufacturing, Healthcare, Fast-Moving Consumer Goods, Retail, E-commerce, Automotive, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Ericsson, Samsung, Nokia Corporation, Huawei Technologies, ZTE Corporation, Cisco Systems Inc., HPE, Mavenir Systems Inc., Amdocs, Inc., Intel Corporation, Hewlett Packard Enterprise |
| Key Drivers | • Increase demand for next-generation 5G network to enable better speed and bandwidth capabilities. • Need for security and privacy. |
| Market Restraints | • High cost of deployment • Lack of standardization |
Ans. The Compound Annual Growth rate for Network Slicing Market over the forecast period is 51.7 %.
Ans. USD 11.2 Billion is the Company's projected Network Slicing Market size by 2030.
Ans. Network slicing is a technique that allows multiple logical networks to be created on top of a common shared physical network. Each "slice" is an isolated end-to-end network that can be tailored to the requirements of its particular application, even in real time.
Ans. Network slicing offers several benefits such as flexibility, resilience, cost-effectiveness, new revenue opportunities, and efficiency.
Ans. Network slicing poses challenges such as security, complexity, and interoperability that need to be addressed to ensure that network slicing can be implemented effectively.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Network Slicing Market, By Component
8.1 Solution
8.2 Services
9. Network Slicing Market By End-User
9.1 Communication Service Providers
9.2 Enterprise
10. Network Slicing Market, By Industry Vertical
10.1 Manufacturing
10.2 Healthcare
10.3 Fast-Moving Consumer Goods
10.4 Retail
10.5 E-commerce
10.6 Automotive
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Network Slicing Market by Country
11.2.2North America Network Slicing Market by Component
11.2.3 North America Network Slicing Market by End-User
11.2.4 North America Network Slicing Market by Industry Vertical
11.2.5 USA
11.2.5.1 USA Network Slicing Market by Component
11.2.5.2 USA Network Slicing Market by End-User
11.2.5.3 USA Network Slicing Market by Industry Vertical
11.2.6 Canada
11.2.6.1 Canada Network Slicing Market by Component
11.2.6.2 Canada Network Slicing Market by End-User
11.2.6.3 Canada Network Slicing Market by Industry Vertical
11.2.7 Mexico
11.2.7.1 Mexico Network Slicing Market by Component
11.2.7.2 Mexico Network Slicing Market by End-User
11.2.7.3 Mexico Network Slicing Market by Industry Vertical
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Network Slicing Market by country
11.3.1.2 Eastern Europe Network Slicing Market by Component
11.3.1.3 Eastern Europe Network Slicing Market by End-User
11.3.1.4 Eastern Europe Network Slicing Market by Industry Vertical
11.3.1.5 Poland
11.3.1.5.1 Poland Network Slicing Market by Component
11.3.1.5.2 Poland Network Slicing Market by End-User
11.3.1.5.3 Poland Network Slicing Market by Industry Vertical
11.3.1.6 Romania
11.3.1.6.1 Romania Network Slicing Market by Component
11.3.1.6.2 Romania Network Slicing Market by End-User
11.3.1.6.4 Romania Network Slicing Market by Industry Vertical
11.3.1.7 Turkey
11.3.1.7.1 Turkey Network Slicing Market by Component
11.3.1.7.2 Turkey Network Slicing Market by End-User
11.3.1.7.3 Turkey Network Slicing Market by Industry Vertical
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Network Slicing Market by Component
11.3.1.8.2 Rest of Eastern Europe Network Slicing Market by End-User
11.3.1.8.3 Rest of Eastern Europe Network Slicing Market by Industry Vertical
11.3.2 Western Europe
11.3.2.1 Western Europe Network Slicing Market by Component
11.3.2.2 Western Europe Network Slicing Market by End-User
11.3.2.3 Western Europe Network Slicing Market by Industry Vertical
11.3.2.4 Germany
11.3.2.4.1 Germany Network Slicing Market by Component
11.3.2.4.2 Germany Network Slicing Market by End-User
11.3.2.4.3 Germany Network Slicing Market by Industry Vertical
11.3.2.5 France
11.3.2.5.1 France Network Slicing Market by Component
11.3.2.5.2 France Network Slicing Market by End-User
11.3.2.5.3 France Network Slicing Market by Industry Vertical
11.3.2.6 UK
11.3.2.6.1 UK Network Slicing Market by Component
11.3.2.6.2 UK Network Slicing Market by End-User
11.3.2.6.3 UK Network Slicing Market by Industry Vertical
11.3.2.7 Italy
11.3.2.7.1 Italy Network Slicing Market by Component
11.3.2.7.2 Italy Network Slicing Market by End-User
11.3.2.7.3 Italy Network Slicing Market by Industry Vertical
11.3.2.8 Spain
11.3.2.8.1 Spain Network Slicing Market by Component
11.3.2.8.2 Spain Network Slicing Market by End-User
11.3.2.8.3 Spain Network Slicing Market by Industry Vertical
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Network Slicing Market by Component
11.3.2.9.2 Netherlands Network Slicing Market by End-User
11.3.2.9.3 Netherlands Network Slicing Market by Industry Vertical
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Network Slicing Market by Component
11.3.2.10.2 Switzerland Network Slicing Market by End-User
11.3.2.10.3 Switzerland Network Slicing Market by Industry Vertical
11.3.2.11.1 Austria
11.3.2.11.2 Austria Network Slicing Market by Component
11.3.2.11.3 Austria Network Slicing Market by End-User
11.3.2.11.4 Austria Network Slicing Market by Industry Vertical
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Network Slicing Market by Component
11.3.2.12.2 Rest of Western Europe Network Slicing Market by End-User
11.3.2.12.3 Rest of Western Europe Network Slicing Market by Industry Vertical
11.4 Asia-Pacific
11.4.1 Asia-Pacific Network Slicing Market by Country
11.4.2 Asia-Pacific Network Slicing Market by Component
11.4.3 Asia-Pacific Network Slicing Market by End-User
11.4.4 Asia-Pacific Network Slicing Market by Industry Vertical
11.4.5 China
11.4.5.1 China Network Slicing Market by Component
11.4.5.2 China Network Slicing Market by End-User
11.4.5.3 China Network Slicing Market by Industry Vertical
11.4.6 India
11.4.6.1 India Network Slicing Market by Component
11.4.6.2 India Network Slicing Market by End-User
11.4.6.3 India Network Slicing Market by Industry Vertical
11.4.7 Japan
11.4.7.1 Japan Network Slicing Market by Component
11.4.7.2 Japan Network Slicing Market by End-User
11.4.7.3 Japan Network Slicing Market by Industry Vertical
11.4.8 South Korea
11.4.8.1 South Korea Network Slicing Market by Component
11.4.8.2 South Korea Network Slicing Market by End-User
11.4.8.3 South Korea Network Slicing Market by Industry Vertical
11.4.9 Vietnam
11.4.9.1 Vietnam Network Slicing Market by Component
11.4.9.2 Vietnam Network Slicing Market by End-User
11.4.9.3 Vietnam Network Slicing Market by Industry Vertical
11.4.10 Singapore
11.4.10.1 Singapore Network Slicing Market by Component
11.4.10.2 Singapore Network Slicing Market by End-User
11.4.10.3 Singapore Network Slicing Market by Industry Vertical
11.4.11 Australia
11.4.11.1 Australia Network Slicing Market by Component
11.4.11.2 Australia Network Slicing Market by End-User
11.4.11.3 Australia Network Slicing Market by Industry Vertical
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Network Slicing Market by Component
11.4.12.2 Rest of Asia-Pacific Network Slicing Market by End-User
11.4.12.3 Rest of Asia-Pacific Network Slicing Market by Industry Vertical
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Network Slicing Market by Country
11.5.1.2 Middle East Network Slicing Market by Component
11.5.1.3 Middle East Network Slicing Market by End-User
11.5.1.4 Middle East Network Slicing Market by Industry Vertical
11.5.1.5 UAE
11.5.1.5.1 UAE Network Slicing Market by Component
11.5.1.5.2 UAE Network Slicing Market by End-User
11.5.1.5.3 UAE Network Slicing Market by Industry Vertical
11.5.1.6 Egypt
11.5.1.6.1 Egypt Network Slicing Market by Component
11.5.1.6.2 Egypt Network Slicing Market by End-User
11.5.1.6.3 Egypt Network Slicing Market by Industry Vertical
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Network Slicing Market by Component
11.5.1.7.2 Saudi Arabia Network Slicing Market by End-User
11.5.1.7.3 Saudi Arabia Network Slicing Market by Industry Vertical
11.5.1.8 Qatar
11.5.1.8.1 Qatar Network Slicing Market by Component
11.5.1.8.2 Qatar Network Slicing Market by End-User
11.5.1.8.3 Qatar Network Slicing Market by Industry Vertical
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Network Slicing Market by Component
11.5.1.9.2 Rest of Middle East Network Slicing Market by End-User
11.5.1.9.3 Rest of Middle East Network Slicing Market by Industry Vertical
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Network Slicing Market by Component
11.5.2.3 Africa Network Slicing Market by End-User
11.5.2.4 Africa Network Slicing Market by Industry Vertical
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Network Slicing Market by Component
11.5.2.5.2 Nigeria Network Slicing Market by End-User
11.5.2.5.3 Nigeria Network Slicing Market by Industry Vertical
11.5.2.6 South Africa
11.5.2.6.1 South Africa Network Slicing Market by Component
11.5.2.6.2 South Africa Network Slicing Market by End-User
11.5.2.6.3 South Africa Network Slicing Market by Industry Vertical
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Network Slicing Market by Component
11.5.2.7.2 Rest of Africa Network Slicing Market by End-User
11.5.2.7.3 Rest of Africa Network Slicing Market by Industry Vertical
11.6 Latin America
11.6.1 Latin America Network Slicing Market by Country
11.6.2 Latin America Network Slicing Market by Component
11.6.3 Latin America Network Slicing Market by End-User
11.6.4 Latin America Network Slicing Market by Industry Vertical
11.6.5 Brazil
11.6.5.1 Brazil America Network Slicing by Component
11.6.5.2 Brazil America Network Slicing by End-User
11.6.5.3 Brazil America Network Slicing by Industry Vertical
11.6.6 Argentina
11.6.6.1 Argentina America Network Slicing by Component
11.6.6.2 Argentina America Network Slicing by End-User
11.6.6.3 Argentina America Network Slicing by Industry Vertical
11.6.7 Colombia
11.6.7.1 Colombia America Network Slicing by Component
11.6.7.2 Colombia America Network Slicing by End-User
11.6.7.3 Colombia America Network Slicing by Industry Vertical
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Network Slicing by Component
11.6.8.2 Rest of Latin America Network Slicing by End-User
11.6.8.3 Rest of Latin America Network Slicing by Industry Vertical
12 Company Profile
12.1 Ericsson
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services/Components
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Samsung
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services/Components
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Nokia Corporation
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services/Components
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Huawei Technologies
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services/Components
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 ZTE Corporation
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services/Components
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Cisco Systems Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services/Components
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 HPE
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services/Components
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Mavenir Systems Inc.
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Product/Services/Components
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Amdocs, Inc.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Service/Components
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Hewlett Packard Enterprise
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Service/Components
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
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