Network Slicing Market Global Trend, Segmentation and Opportunities Forecast to 2026

Network Slicing Market Global Trend, Segmentation and Opportunities Forecast to 2026

The research report on network slicing market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

Rapid development of 5G network and soaring demand for mobile broadband services will offer expeditious growth to network slicing market size. Technological developments are spurring the adoption of network slicing due to the need for Industrial IoT solutions. Incorporation of various advanced technologies, such as wireless connectivity and real-time control in vehicles is likely to influence industry trends.

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5G communication network has gained considerable traction across various industries, resulting in massive adoption of network slicing. Automobiles are increasingly being integrated with advanced features to improve performance, connectivity, and functionality. For example, autonomous vehicles depend upon Vehicle-to-Anything (V2X) communication for effectual functioning and need low latency.

Also, vehicles require high bandwidth for effective video streaming. Network slicing offers a common wireless infrastructure for both low latency and high bandwidth applications. It facilitates vehicles with real-time control, media streaming, and broadband connectivity. These application capabilities of network slicing are encouraging automakers to integrate this technology into their vehicles.

Network slicing is gaining huge proceeds from its extensive adoption in the manufacturing sector due to the growing penetration of Industrial IoT solutions in the sector. This statement can be validated by a successful trial of 5G network slicing effectuated by ZTE Corporation in China in November 2019. For development of this technology, Zhejiang Bluetron and China Telecom have entered a partnership and have been working to improve the operational efficiency of industrial processes by integrating the 5G network with IoT sensors and mobile edge computing servers.

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Europe network slicing market is expected to witness commendable growth from the developing healthcare sector. Companies operating in healthcare industry are looking for effective network slicing services, which will bolster market growth. The economic stability in Europe will encourage investments for research and development activities in healthcare technology for advancement of infrastructure.

A few of the major network slicing market players include Ericsson, Huawei Technologies Co., Ltd., ZTE Corporation, and Nokia Corporation amongst others.

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