Network Slicing Market Share, Trends and Growth Analysis 2024-2032

Global Network Slicing Market Statistics: USD 2,472.2 Million Value by 2032

Summary:

• The global network slicing market size reached USD 464.4 Million in 2023.
• The market is expected to reach USD 2,472.2 Million by 2032, exhibiting a growth rate (CAGR) of 19.6% during 2024-2032.
• North America leads the market, accounting for the largest network slicing market share.
• Solution accounts for the majority of the market share in the component segment. 
• Telecom operators hold the largest share in the network slicing industry.
• Government represents the leading industry vertical segment.
• The rising importance of network security and data privacy is a primary driver of the network slicing market.
• 5G proliferation and industry-specific applications and customization are reshaping the network slicing market.

Industry Trends and Drivers:

• Proliferation of 5G network:

5G networks are becoming more prevalent and offering improved capabilities, such as faster speeds, higher bandwidth, and lower latency. These advancements make it possible to create virtualized network slices that cater to specific user needs. Network slicing allows service providers to allocate network resources efficiently, tailoring slices to support diverse use cases like smart manufacturing, autonomous vehicles, and augmented reality (AR) applications. In these scenarios, dedicated slices ensure optimal performance, reliability, and security. Businesses and individuals are demanding more from their networks, which is encouraging the adoption of network slicing as a critical tool for maximizing the potential of 5G.

• Industry-specific applications and customization:

Various industries, including healthcare, automotive, and entertainment, are adopting network slicing to customize their connectivity requirements. In the healthcare sector, remote surgeries and telemedicine applications require ultra-reliable, low-latency network slices to ensure seamless communication and real-time data transfer. Additionally, the automotive industry leverages network slicing for connected and autonomous vehicles, where real-time data exchange is critical for vehicle safety and navigation. Media and entertainment companies also benefit from network slicing, as it allows them to create high-bandwidth slices for live-streaming events and immersive content experiences. By providing dedicated, isolated network slices, businesses can enhance security, reliability, and performance for their specialized applications. This customization is essential for organizations looking to innovate and differentiate themselves in a competitive, digitally connected environment.

• Rising importance of network security and data privacy:

Businesses are becoming more reliant on digital and connected operations, which is driving the need for enhanced network security and data privacy. Network slicing, where each virtual slice can be isolated from the others, is ensuring that sensitive data remains secure and does not overlap with less secure, public-facing applications. Industries, such as finance, healthcare, and government agencies, are particularly keen on leveraging network slicing to protect critical data. In these sectors, the ability to create private, secure network slices ensures compliance with stringent regulatory standards, offering an extra layer of protection against cyber threats. This growing focus on security, combined with the increasing complexity of data management, is encouraging businesses to adopt network slicing as a solution for securing their network infrastructure.

Request for a sample copy of this report: https://www.imarcgroup.com/network-slicing-market/requestsample

Network Slicing Market Report Segmentation:

Breakup By Component:

• Solution
• Services

Solution exhibits a clear dominance in the market due to its critical role in enabling network slicing capabilities for customized and scalable services.

Breakup By End User:

• Telecom Operators
• Enterprises

Telecom operators account for the majority of the market share, as they are the primary providers of network slicing services to businesses and consumers.

Breakup By Industry Vertical:

• Manufacturing
• Healthcare
• Automotive
• Media and Entertainment
• Transport and Logistic
• BFSI
• Government
• Others

Government represents the largest segment, driven by the increasing adoption of network slicing for secure and dedicated communication infrastructures.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America dominates the market due to advanced 5G deployment, strong telecom infrastructure, and heavy investment in network innovations.

Top Network Slicing Market Leaders:

The network slicing market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Affirmed Networks Inc. (Microsoft Corporation)
• Amdocs
• Argela Technologies (Türk Telekomünikasyon A.)
• Aria Networks Ltd.
• BT Group plc
• Cisco Systems Inc.
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co. Ltd.
• Mavenir
• NEC Corporation (AT&T Inc.)
• Nokia Corporation
• Samsung Electronics Co. Ltd
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1–631–791–1145