The business intelligence report on ‘Global Network Slicing Market’ includes an all-inclusive study of the primary growth drivers, profitable prospects, challenges, and restraints which are expected to influence the industry dynamics during 2020-2027. The study methodically explores the various market segmentations, namely component type, end-user terrain, and application scope, while explicating the competitive landscape as well as geographical reach.
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.
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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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)
Global Network Slicing Market End-user Terrain (Revenue, USD Billion, 2018-2027)
Global Network Slicing Market by Industry Vertical (Revenue, USD Billion, 2018-2027)
Transport & Logistic
Media & Entertainment
Global Network Slicing Market Regional Outlook (Revenue, USD Billion, 2018-2027)
The United States of America
Rest of the World
Global Network Slicing Market Competitive Landscape (Revenue, USD Billion, 2018-2027)
Telefonaktiebolaget LM Ericsson
Huawei Technologies Co. Ltd.
Hewlett Packard Enterprise Co.
Cisco Systems Inc.
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
4.3. 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
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
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
7.4.4. Media & Entertainment
7.4.5. Transport & Logistic
Chapter 8. Global Network Slicing Market, Regional Analysis
Network Automation Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Global network automation market size is expected to witness exponential growth over the next few years. Network automation is increasingly becoming a critical part for enterprises and business organizations. Routine network and security tasks when automated become considerably faster, require less downtime, and are less prone to errors, boosting overall network efficiency and reliability. Automated networks play a crucial role in the deployment of smart grid infrastructure. Energy & utility segment held a market share of 19.7% during 2019 owing to a strong demand for digitalization and widespread deployment of smart grids. Meanwhile, retail sector is slated to record a CAGR of 26.1% during the analysis period. Network automation allows retailers to improve decision making and optimize business operations.
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