Market Research Report
Network Slicing Market - COVID-19 Effect Study by Application, Component, End User, and Region - Value, Share, & Estimate from 2021-2027.
|Published by||AnalystView Market Insights||Product code||999606|
|Published||Content info||284 Pages
Delivery time: 2-3 business days
|Network Slicing Market - COVID-19 Effect Study by Application, Component, End User, and Region - Value, Share, & Estimate from 2021-2027.|
|Published: April 1, 2021||Content info: 284 Pages||
By 2019, the Network Slicing Market was valued at USD 174.6 million, growing with 48.6% CAGR during the forecast period, 2021-2027.
The network slicing technique overlays several virtual networks on a shared network. It allows the network operator to maximize the utilization of resources and service flexibility. It is expected that the ongoing digitalization of the global healthcare sector will provide a strong growth impetus for the network slicing market. Due to the evolution of cellular network technology, the network slicing market is gaining traction, which has offered higher data speeds and lower latency. Consumer demand for video and the shift of business towards cloud services have driven the rapid increase in the volume of data carried by cellular networks. It has led to the availability of meaningful growth opportunities for Network Slicing vendors. The future of the Network Slicing market is dependent on the profitability of 5G services and the accessibility of unlicensed and shared spectrum.
The increasing adoption of emerging technologies including IoT and rising technological advancements in Machine-to-Machine (M2M) communication networks are transforming several industries by connecting different types of devices, appliances, systems, and services. Some significant factors such as increasing demand for commercialization of the 5G network, growing mobile subscribers, rising adoption of SDN and NFV solutions, and increasing development of smart cities are fostering the development of the network slicing market. Furthermore, the increasing need for high-power and low-latency applications and low-power and low-latency applications, long-range IoT applications are supporting the growth of the network slicing market. However, the lack of standardization and data security concerns are restraining the growth of the network slicing market.
The scope of this report encompasses the market by its major segments, which include the following: