According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on 5G Network Slicing Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global 5G Network Slicing Market Analysis and Size
The Global 5G Network Slicing Market size is estimated to grow at a CAGR of around 38.5% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the 5G Network Slicing Market are Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Nokia Corporation, Intel Corporation., ZTE Corporation, Cisco Systems Inc., Samsung Electronics Co. Ltd., SK Telecom Co. Ltd., NTT DOCOMO Inc., Deutsche Telekom AG, Telefonica SA., Vodafone Group plc, Amdocs, Inc., Mavenir Systems, Inc., Parallel Wireless, and Others.
5G Network Slicing Market Growth Driver:
The Proliferation of IoT Applications Driving the Global 5G Network Slicing Market – The rapid adoption of Internet of Things (IoT) devices and applications across various industries serves as a significant driver for the Global 5G Network Slicing Market. As IoT ecosystems continue to expand, there's a growing need for tailored network solutions to accommodate the diverse requirements of IoT devices. 5G Network Slicing plays a pivotal role in meeting these demands. It enables the creation of dedicated network slices optimized for specific IoT use cases, such as industrial automation, smart cities, agriculture, and healthcare. For instance, in smart manufacturing, IoT sensors and machines require low-latency, high-reliability connections for real-time monitoring and control. In contrast, smart agriculture may necessitate network slices optimized for efficient data transfer from remote sensors and agricultural machinery.
This versatility ensures that IoT applications can operate seamlessly and efficiently within a 5G network, driving the adoption of 5G Network Slicing as a fundamental enabler of IoT innovation. As industries increasingly rely on IoT for enhanced efficiency, productivity, and data-driven insights, the demand for customized, high-performance network slices continues to grow, positioning 5G Network Slicing as a critical driver in the evolving digital landscape.
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Market Segment and Geographical Analysis
By Type
- RAN Slicing- Market Size Forecast 2019-2030, USD Million
- Edge Slicing- Market Size Forecast 2019-2030, USD Million
- End-to-End Network Slicing- Market Size Forecast 2019-2030, USD Million
By Component
- Solutions- Market Size Forecast 2019-2030, USD Million
- Services- Market Size Forecast 2019-2030, USD Million
- Managed Services- Market Size Forecast 2019-2030, USD Million
- Professional Services- Market Size Forecast 2019-2030, USD Million
By Deployment Mode
- Standalone- Market Size Forecast 2019-2030, USD Million
- Non-standalone- Market Size Forecast 2019-2030, USD Million
By Enterprise Type
- Large Enterprises- Market Size Forecast 2019-2030, USD Million
- Small and Medium Enterprises- Market Size Forecast 2019-2030, USD Million
By Application
- Remote Monitoring- Market Size Forecast 2019-2030, USD Million
- Asset Management- Market Size Forecast 2019-2030, USD Million
- Supply Chain Management-Market Size Forecast 2019-2030, USD Million
- Real-Time Streaming-Market Size Forecast 2019-2030, USD Million
- Network Monitoring-Market Size Forecast 2019-2030, USD Million
- Others
By Form
- eMBB (Enhanced Mobile Broadband)- Market Size Forecast 2019-2030, USD Million
- mMTC (Massive Machine-Type Communication)- Market Size Forecast 2019-2030, USD Million
- URLLC (Ultra-Reliable Low Latency Communication)- Market Size Forecast 2019-2030, USD Million
By Spectrum Band
- High Bands ( 24 GHz)- Market Size Forecast 2019-2030, USD Million
- Mid Bands (6-24 GHz)- Market Size Forecast 2019-2030, USD Million
- Low Bands ( 6 GHz)- Market Size Forecast 2019-2030, USD Million
By Solution
- Cloud Radio Access Network (CRAN)- Market Size Forecast 2019-2030, USD Million
- Software Defined Networking (SDN)- Market Size Forecast 2019-2030, USD Million
By Vertical
- Manufacturing- Market Size Forecast 2019-2030, USD Million
- Automotive- Market Size Forecast 2019-2030, USD Million
- Energy Utilities- Market Size Forecast 2019-2030, USD Million
- Healthcare- Market Size Forecast 2019-2030, USD Million
- Logistics- Market Size Forecast 2019-2030, USD Million
- Government- Market Size Forecast 2019-2030, USD Million
- Media and Entertainment- Market Size Forecast 2019-2030, USD Million
- Others (BFSI, Agriculture, etc.)- Market Size Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific
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