According to Stratistics MRC, the Global Network Slicing Market is accounted for $1.12 billion in 2024 and is expected to reach $11.8 billion by 2030 growing at a CAGR of 48.0% during the forecast period.
Network slicing is a concept in telecommunications that allows a single physical network to be partitioned into multiple virtual networks, known as slices. Each slice is customized to meet specific requirements such as bandwidth, latency, security, and reliability, tailored for different applications or services. This technology enables efficient sharing of network resources while providing isolated and dedicated virtual networks that operate independently. Network slicing is crucial for emerging technologies like 5G, where diverse use cases—from autonomous vehicles to smart cities—require distinct network characteristics to function optimally.
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The Asia-Pacific region has seen significant growth in the network slicing market due to several factors. As telecommunications infrastructure continues to expand rapidly across countries like China, India, Japan, and South Korea, there is a growing demand for efficient network management and customization. Network slicing offers operators the ability to allocate network resources dynamically based on specific application requirements, enhancing overall network efficiency and the user experience. With the advent of 5G technology, which heavily relies on network slicing to support diverse services such as IoT, autonomous vehicles, and enhanced mobile broadband, the region has witnessed increased investments and deployments in this technology.
Some of the key players in Network Slicing market include Affirmed Networks Inc., Amdocs, Inc., Argela Technologies, Aria Networks Ltd, BT Group PLC, Cisco Systems Inc., Ericsson Inc., Huawei Technologies Co. Ltd, Intel Corporation, Mavenir Inc., NEC Corporation, Nokia Corporation, NTT DOCOMO Inc., Samsung, VMware, Inc. and ZTE Corporation.
Key Developments:
In June 2024, Cisco said that it would set up a cybersecurity center in Taiwan and work with the government to train more people to work in the sector. Democratically governed Taiwan, which Beijing views as its own territory, has repeatedly complained of cyberattacks coming from China, targeting government officials and departments as well.
In June 2024, Samsung Electronics unveiled the industry’s first hybrid refrigerator using semiconductor elements and artificial intelligence (AI) to improve energy efficiency and performance. The new Bespoke AI Hybrid Refrigerator adopts a hybrid cooling method that combines Peltier modules, along with a traditional compressor, reports Yonhap news agency.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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