Network Slicing Market Predicted to Reach $921.02 Million, Globally, by 2027 at 23.7% CAGR: Allied Market Research

Network Slicing Market Predicted to Reach $921.02 Million, Globally, by 2027 at 23.7% CAGR: Allied Market Research

PR Newswire

PORTLAND, Ore., Feb. 8, 2021

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ -- Surge in demand for next generation 5G network to enable better speed and bandwidth capabilities, increase in use cases of network slicing for Industry 4.0, growth in development of smart cities and smart services, rise in demand for network performance due to growth in mobile data-traffic volumes drive the growth of the global network slicing market.

Allied Market Research Logo

Allied Market Research published a report, titled, "Network Slicing Market by Component (Solution and Services), End User (Telecom Operators and Enterprises), and Industry Vertical (Manufacturing, Healthcare, Automotive, Media & Entertainment, Transport & Logistic, BFSI, Government, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global network slicing industry garnered $172.56 million in 2019, and is expected to generate $921.02 million by 2027, witnessing a CAGR of 23.7% from 2020 to 2027.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/8281

Drivers, restraints, and opportunities

Surge in demand for next generation 5G network to enable better speed and bandwidth capabilities, increase in use cases of network slicing for Industry 4.0, growth in development of smart cities and smart services, rise in demand for network performance due to growth in mobile data-traffic volumes drive the growth of the global network slicing market. However, security concerns associated with network slicing hinder the market growth. On the other hand, increase in adoption for remote surgery and autonomous vehicle and emerging applications across government, industrial, and enterprises sectors present new opportunities in the coming years.

Impact of Covid-19 on Network Slicing Market:

Get detailed COVID-19 impact analysis on the Network Slicing Market: https://www.alliedmarketresearch.com/request-for-customization/8281?reqfor=covid

The solution segment to maintain its lead position throughout the forecast period

Based on component, the solution segment contributed to the highest market share, accounting for around two-thirds of the global network slicing market in 2019, and is expected to maintain its lead position throughout the forecast period. This is due to the increase in adoption of network slicing solutions by communication service providers and introduction of advanced network slicing solutions. On the other hand, the services segment is projected to manifest the highest CAGR of 26.1% from 2020 to 2027. This is due to extensive adoption of deployment and integration services among end users, as it ensures effective functioning of network slicing solution throughout the process.

The telecom operators segment to maintain its leadership status in terms of revenue by 2027

Based on end user, the telecom operators segment held the highest market share in 2019, accounting for nearly three-fifths of the global network slicing market, and is estimated to maintain its leadership status in terms of revenue throughout the forecast period. This is due to increasing demand for better speed as well as bandwidth connectivity to serve customer needs. However, the enterprises segment is expected to portray the highest CAGR of 24.7% from 2020 to 2027, owing to demand for robust network solutions to enhance productivity among enterprises.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/8281

North America to dominate throughout the forecast period-

Based on region, North America contributed to the largest market share in 2019, holding around two-fifths of the global Network slicing market, and is estimated to maintain its dominant share by 2027. The region is early adopter of 5G services in areas such as autonomous driving, augmented reality (AR), virtual reality (VR), and artificial intelligence (AI). In addition, the government in this region are taking initiatives to develop 5G telecom infrastructure furthermore. These factors fuel the growth of the market in this province. At the same time, the Asia- Pacific region is expected to witness the fastest CAGR of 27.5% during the forecast period. This is owing to the extensive adoption of mobile devices across the developing countries such as China & India.

Official Press Release: https://www.alliedmarketresearch.com/press-release/network-slicing-market.html

Leading market players

Similar Research Reports for Information, Communication and Technology:

Veterinary Software Market Expected to Reach $2.01 Billion by 2027

Big Data Analytics in Retail Market Expected to Reach $4.43 Billion by 2027

Team Collaboration Software Market Expected to Reach $26,493 Million by 2027

Workforce Management Market Expected to Reach $9,391 Million by 2027

Online/Virtual Fitness Market Expected to Reach $59.23 Billion by 2027

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com  
Follow Us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 

Voltar noticias em Inglês