According to the new market research
report "Network Slicing Market by Technology (SDN
& NFV, and C-RAN), Service (Network Testing, Orchestration, Planning &
Optimization), Application Area (Remote Monitoring, Real-Time Streaming, &
Network Monitoring), and Region - Global Forecast to 2022", The
global network slicing market size is expected to grow from USD 112.3 Million
in 2017 to USD 302.2 Million by 2022, at a Compound Annual Growth Rate (CAGR)
of 21.9%.
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The
major forces driving the growth of the network slicing market include the
increasing demand for broadband services over mobile networks, virtualization
of networks, significant growth in the mobile data traffic volumes, and the
rising demand for high-speed and large network coverage. Moreover, the rising
adoption rate of Internet of Things (IoT) connected devices and agile networks
are also expected to drive the market growth.
The network planning and optimization
segment is expected to be the fastest growing professional service in the
network slicing market during the forecast period
Network
planning and optimization is one of the important aspects in enabling the
implementation of network slicing technologies. This service helps maximize the
performance of the operators’ network infrastructure, so that they can deliver
the best quality of experience to their customers and keep the Capital
Expenditure (CAPEX) under control. Furthermore, it enables improved customer
experience with better data throughput, lowers the Total Cost of Ownership
(TCO), and reduces the client complaints with its advanced pre-emptive analysis
service. Network planning services are inclusive of nominal cell planning,
capacity dimensioning, Radio Frequency (RF) site surveys, frequency planning,
and cell parameter planning. Whereas, network optimization services include
making RF measurements and optimizing the network parameters to improve the
network performance. Hence, the network planning and optimization segment is
expected to be the fastest growing professional service in the network slicing
market during the forecast period.
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The remote monitoring application area is expected to hold the largest
market share in the network slicing market during the forecast period
As global businesses are adopting the digital
platforms, remote monitoring has become a crucial part in maintaining a
competitive edge in the market. The remote monitoring application area is a
cloud-based end-to-end monitoring technology that operates multiple machines
from remote locations. The 5G network is said to be gaining traction across
every industry and new possibilities are emerging, due to the improved
addressal of solutions and extended security services, in addition to the
higher bandwidth in the wireless communication link. 5G solutions represent a
paradigm shift in the remote monitoring application and its tracking
possibilities, enhanced with information transmission between the sensors. This
paradigm shift helps in using remote monitoring in medical-grade wearables,
virtual doctor-patient interactions, and remote operation of vehicles and
surveillance, and remotely operated robotic surgeries. For instance, NTT DOCOMO
collaborated with DeNA Co., Ltd. to enhance the safety of self-driving vehicles
using remote monitoring and passenger assistance. In the trial, a vehicle and a
remote center would be connected via a 5G network that boasts of
ultra-high-speed data rates beyond 10Gbps, excess capacity, extra-low latency,
and massive connectivity, compared to the existing mobile communication
systems.
North America is expected to have the largest market share in the
network slicing market during the forecast period
North America is expected to hold the largest market
share and dominate the network slicing market during the forecast period. In
this region, operators have heavily invested in 5G tests and trials. Initially,
5G was deployed to provide additional capacity and coverage in areas, where the
Long Term Evolution (LTE) footprint was already present. In North America, the
US is said to be leading the next-generation of wireless technologies. The US
is the global leader of 4G LTE. According to Cellular Telecommunications
Industry Association (CTIA), a US trade association stated that 99.6% of the
Americans now have access to 4G, which means, nearly every American can access
the mobile broadband at speeds up to tens of Mbps per second. In terms of
network slicing, universities and private industries are partnering together to
examine some of the potential technologies. For example, the Polytechnic
Institute of New York University (NYU-Poly) and Samsung have partnered together
to study and develop projects for 5G slicing. This project aims at developing a
smarter and less expensive wireless infrastructure using smaller and lighter
antennas, with directional beamforming operating at a less-crowded mmWave
spectrum.
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The major vendors in the
network slicing market include Ericsson (Sweden), Huawei (China), Nokia
(Finland), Intel (US), Cisco (US), ZTE (China), SK Telecom (South Korea),
Deutsche Telekom (Germany), Telefónica (Spain), Samsung Electronics (South
Korea), NTT DOCOMO (Japan).
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