5G Network Slicing Market Insights: Opportunities, Trends, Demand, Growth Outlook [2024-2030]

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How Big is the 5G Network Slicing Market?

The Global 5G Network Slicing Market size is estimated to grow at a CAGR of around 38.5% during the forecast period, i.e., 2024-30. The adoption of 5G network slicing has been experiencing substantial growth recently, largely owing to its remarkable capacity to establish multiple virtual networks within a single physical 5G network infrastructure. This technology brings a plethora of advantages, notably enhancing network flexibility, optimizing resource utilization, improving overall network efficiency, and providing users with enhanced experiences. It empowers mobile network operators to address a broad spectrum of industries and use cases, each with unique performance requirements, thereby enabling them to differentiate their services and tap into additional revenue streams.

Market Statistics

  • Market Growth Rate (CAGR): 38.5% from 2024-2030

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5G Network Slicing Market Insight:

Driver-

The Proliferation of IoT Applications Driving the Global 5G Network Slicing Market – The rapid adoption of Internet of Things (IoT) devices and applications across various industries serves as a significant driver for the Global 5G Network Slicing Market. As IoT ecosystems continue to expand, there's a growing need for tailored network solutions to accommodate the diverse requirements of IoT devices. 5G Network Slicing plays a pivotal role in meeting these demands. It enables the creation of dedicated network slices optimized for specific IoT use cases, such as industrial automation, smart cities, agriculture, and healthcare. For instance, in smart manufacturing, IoT sensors and machines require low-latency, high-reliability connections for real-time monitoring and control. In contrast, smart agriculture may necessitate network slices optimized for efficient data transfer from remote sensors and agricultural machinery.

This versatility ensures that IoT applications can operate seamlessly and efficiently within a 5G network, driving the adoption of 5G Network Slicing as a fundamental enabler of IoT innovation. As industries increasingly rely on IoT for enhanced efficiency, productivity, and data-driven insights, the demand for customized, high-performance network slices continues to grow, positioning 5G Network Slicing as a critical driver in the evolving digital landscape.

 5G Network Slicing Market Segmentation:

The report has segmented the market into the following categories:

By Type

  • RAN Slicing- Market Size & Forecast 2019-2030, USD Million
  • Edge Slicing- Market Size & Forecast 2019-2030, USD Million
  • End-to-End Network Slicing- Market Size & Forecast 2019-2030, USD Million

By Component

  • Solutions- Market Size & Forecast 2019-2030, USD Million
  • Services- Market Size & Forecast 2019-2030, USD Million
    • Managed Services- Market Size & Forecast 2019-2030, USD Million
    • Professional Services- Market Size & Forecast 2019-2030, USD Million

By Deployment Mode

  • Standalone- Market Size & Forecast 2019-2030, USD Million
  • Non-standalone- Market Size & Forecast 2019-2030, USD Million

By Enterprise Type

  • Large Enterprises- Market Size & Forecast 2019-2030, USD Million
  • Small and Medium Enterprises- Market Size & Forecast 2019-2030, USD Million

By Application

  • Remote Monitoring- Market Size & Forecast 2019-2030, USD Million
  • Asset Management- Market Size & Forecast 2019-2030, USD Million
  • Supply Chain Management-Market Size & Forecast 2019-2030, USD Million
  • Real-Time Streaming-Market Size & Forecast 2019-2030, USD Million
  • Network Monitoring-Market Size & Forecast 2019-2030, USD Million
  • Others

By Form

  • eMBB (Enhanced Mobile Broadband)- Market Size & Forecast 2019-2030, USD Million
  • mMTC (Massive Machine-Type Communication)- Market Size & Forecast 2019-2030, USD Million
  • URLLC (Ultra-Reliable Low Latency Communication)- Market Size & Forecast 2019-2030, USD Million

By Spectrum Band

  • High Bands (> 24 GHz)- Market Size & Forecast 2019-2030, USD Million
  • Mid Bands (6-24 GHz)- Market Size & Forecast 2019-2030, USD Million
  • Low Bands (< 6 GHz)- Market Size & Forecast 2019-2030, USD Million

By Solution

  • Cloud Radio Access Network (CRAN)- Market Size & Forecast 2019-2030, USD Million
  • Software Defined Networking (SDN)- Market Size & Forecast 2019-2030, USD Million

 By Vertical

  • Manufacturing- Market Size & Forecast 2019-2030, USD Million
  • Automotive- Market Size & Forecast 2019-2030, USD Million
  • Energy & Utilities- Market Size & Forecast 2019-2030, USD Million
  • Healthcare- Market Size & Forecast 2019-2030, USD Million
  • Logistics- Market Size & Forecast 2019-2030, USD Million
  • Government- Market Size & Forecast 2019-2030, USD Million
  • Media and Entertainment- Market Size & Forecast 2019-2030, USD Million
  • Others (BFSI, Agriculture, etc.)- Market Size & Forecast 2019-2030, USD Million

By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

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Competitive Landscape:

  • Telefonaktiebolaget LM Ericsson
  • Huawei Technologies Co. Ltd.
  • Nokia Corporation
  • Intel Corporation
  • ZTE Corporation
  • Cisco Systems Inc.
  • Samsung Electronics Co. Ltd.
  • SK Telecom Co. Ltd.
  • NTT DOCOMO Inc.
  • Deutsche Telekom AG
  • Telefonica SA.
  • Vodafone Group plc
  • Amdocs, Inc.
  • Mavenir Systems, Inc.
  • Parallel Wireless

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

  • Market Performance (2024-2030)
  • Strategic Recommendations
  • Current, Historical and Future Market Trends
  • Market Drivers and Leading Competitor
  • SWOT Analysis
  • Structure of the Market
  • Comprehensive Mapping and Recent Advancement

Other Report:

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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