5G Network Slicing Market Surges with a Robust 38.5% CAGR in 2024-30 Forecast

Market Overview: 5G Network Slicing Market

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5G Network Slicing Market Insights 2024-30

The 5G Network Slicing Market is estimated to grow at a CAGR of around 38.5% during the forecast period 2024-30.

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Driving Innovation: Exploring the 5G Network Slicing Market and its Key Drivers

Global 5G Network Slicing Market 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.

Top Players in the 5G Network Slicing Market:

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 Industry Recent Development:

• 2022: Cisco and T-Mobile’s partnership has led to the launch of an innovative cloud-native 5G core gateway, elevating their 5G standalone core capabilities. This advancement not only improves network performance for both 5G and 4G users with enhanced speed and lower latency but also enables faster testing and deployment of 5G and IoT applications.
• 2023: Vodafone Group plc., became the first UK company to introduce a 5G standalone network, representing the most advanced and fully upgraded 5G technology without reliance on 4G components, setting it apart from existing 5G non-standalone networks.

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Segmentation Analysis of 5G Network Slicing Market

5G Network Slicing Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Type

-RAN Slicing

-Edge Slicing

-End-to-End Network Slicing

By Component

-Solutions

-Services

–Managed Services

–Professional Services

By Deployment Mode

-Standalone

-Non-standalone

• The non-standalone segment dominated the market, holding a major market share.

By Enterprise Type

-Large Enterprises

-Small and Medium Enterprises

By Application

-Remote Monitoring

-Asset Management

-Supply Chain Management

-Real-Time Streaming

-Network Monitoring

-Others

By Form

-eMBB (Enhanced Mobile Broadband)

-mMTC (Massive Machine-Type Communication)

-URLLC (Ultra-Reliable Low Latency Communication)

By Spectrum Band

-High Bands (> 24 GHz)

-Mid Bands (6-24 GHz)

-Low Bands (< 6 GHz)

By Solution

-Cloud Radio Access Network (CRAN)

-Software Defined Networking (SDN)

By Vertical

-Manufacturing

-Automotive

-Energy & Utilities

-Healthcare

-Logistics

-Government

-Media and Entertainment

-Others (BFSI, Agriculture, etc.)

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A Comprehensive Geographical Analysis:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

• The North American region has exhibited significant dominance in the Global 5G Network Slicing Market, and this trend is expected to persist throughout the forecast period.

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