Global Network Slicing Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2022-2028

 

Network Slicing

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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