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%.
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.
Browse and
in-depth TOC on "Network
Slicing Market"
63
- Tables
54
- Figures
162
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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.
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.
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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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/network-slicing-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/network-slicing-market.asp
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