Network slicing is a technique for virtual networking architecture that is related to software-defined networking (SDN) and network functions virtualization (NFV), two network virtualization technologies that are bringing software-based automation to modern networks. By dividing network architectures into virtual components, network functions virtualization (NFV) and software-defined networking (SDN) allow for much greater network flexibility. Additionally, network slicing is used in a number of sectors, including government, media & entertainment, healthcare, and automotive.
The
process of creating multiple distinct virtualized and logical Network Slicing Market over a single multi-domain infrastructure
is known as network slicing. Mobile network operators can quickly build network
slices to support a particular application, group of users, service or network
with the help of network functions virtualization (NFV), software-defined
networking (SDN), orchestration, automation, and analytics. Network slicing allows
a single network to provide a variety of services based on user needs and
different use cases. Additionally, it aids network operators in lowering
operating and capital expenditures (OPEX and CAPEX), as well as improving
operational effectiveness and time to market for network service delivery.
Due
to the increased adoption of network slicing solutions by communication service
providers to significantly reduce the time it takes to deliver new applications
and services, the solution segment experienced the highest growth in the Network
Slicing Market in
2019 and is anticipated to maintain its dominance in the upcoming years. In
order to meet the various needs of their clients, market participants are also
introducing sophisticated network slicing solutions. The highest growth is
anticipated in the services sector, though, as a result of end users'
widespread adoption of deployment and integration services, which guarantee the
smooth operation of Network Slicing Market solutions
throughout the process.
Key Players
Affirmed Networks,
Amdocs, Argela Technologies, Cisco Systems, Inc., Cloudstreet, HCL Technologies
Limited, Huawei Technologies Co., Ltd., Mavenir, Nokia Corporation, Parallel
Wireless, Inc., RedZinc Services Ltd., Telefonaktiebolaget LM Ericsson, and ZTE
Corporation are significant players in the global network slicing market.
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