Global network slicing market valuation to reach USD 946 million by 2027

Selbyville, Delaware, Feb. 23, 2021 (GLOBE NEWSWIRE) — According to credible analysts, global network slicing market accounted for USD 172.56 million in 2019 and is estimated to grow at a robust CAGR of 23.7% during 2020-2027, subsequently reflecting a valuation of USD 946 million by the end of the analysis timeframe.The unanticipated Covid-19 pandemic has curtailed the global economy, thwarting business development as well as profit generation by disruption of the entire supply chain. Thus, holistic investigation of this report aims to respond to all probable contingencies while parallelly suggesting effectual business tactics for stakeholders to stay strong in the vertical. Proceeding further, the study hosts a comprehensive analysis of the deep-rooted organizations, inclusive of their production capabilities, profit stake, product & service offerings, and remuneration.Beneficial attributes such as greater data exchange speed, high flexibility, enhanced security, and low expectancy, along with increasing volume of data offered by cellular networks, and escalating consumer demand for cloud services are augmenting the global network slicing market size.Request Sample copy of this Report @ the record, network slicing refers to an architecture which enables the formation of multiple virtual networks, called as slices, to fulfil the needs of specific applications including latency, bandwidth, and speed.Rising adoption of NFV (network functions virtualization) as well as SDN (software-defined networking) solutions, increasing utilization of IoT devices, rapid development in machine-to-machine communication networks, and flourishing 5G network infrastructure are stimulating the global network slicing market outlook. On the contrary, lack of standardization, and growing concerns regarding data security and privacy are major restraining factors for the business development.Outlining market segmentationsSpeaking of component type, worldwide network slicing industry is divided into services, and solutions. With regards to end-user terrain, the market is categorized into enterprises, and telecom operators.Moving on to industry verticals, the market serves government, BFSI, transport & logistic, media & entertainment, automotive, healthcare, and manufacturing among others.Regional outlookGeographically speaking, Europe is expected to emerge as a major revenue generator for the global market through 2027, on account of surging demand for higher network speed, connectivity as well as bandwidth.On the other hand, Asia-Pacific network slicing market size is also slated to amass lucrative gains over the forecast period, primarily due to rising adoption of cloud-based solutions as well as other technologies such as Big Data analytics and IoT.To access a sample copy or view this report in detail along with the table of contents, please click the link below: dashboardProminent players influencing the global network slicing industry trends are ZTE Corporation, Telefonaktiebolaget LM Ericsson, Samsung Group, Nokia Corporation, Mavenir, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Co., Cisco Systems Inc., and Argela Technologies among others.Global Network Slicing Market by Component Type (Revenue, USD Billion, 2018-2027)ServicesSolutionsGlobal Network Slicing Market End-user Terrain (Revenue, USD Billion, 2018-2027)EnterprisesTelecom OperatorsGlobal Network Slicing Market by Industry Vertical (Revenue, USD Billion, 2018-2027)GovernmentBFSITransport & LogisticMedia & EntertainmentAutomotiveHealthcareManufacturingOthersGlobal Network Slicing Market Regional Outlook (Revenue, USD Billion, 2018-2027)EuropeSpainItalyFranceGermanyUnited KingdomAsia-PacificAustraliaChinaJapanIndiaNorth AmericaCanadaThe United States of AmericaRest of the WorldGlobal Network Slicing Market Competitive Landscape (Revenue, USD Billion, 2018-2027)ZTE CorporationTelefonaktiebolaget LM EricssonSamsung Group Nokia CorporationMavenirHuawei Technologies Co. Ltd.Hewlett Packard Enterprise Co.Cisco Systems Inc.Argela TechnologiesTable of Content:Chapter 1. Executive Summary1.1.         Market Snapshot1.2.         Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)1.2.1.     Network Slicing Market, by Components, 2018-2027 (USD Billion)1.2.2.     Network Slicing Market, by End User, 2018-2027 (USD Billion)1.2.3.     Network Slicing Market, by Industry Vertical, 2018-2027 (USD Billion)1.2.4.     Network Slicing Market, By Region, 2018-2027 (USD Billion)1.3.         Key Trends1.4.         Estimation Methodology1.5.         Research AssumptionChapter 2. Global Network Slicing Market Definition and Scope2.1.         Objective of the Study2.2.         Market Definition & Scope2.2.1.     Scope of the Study2.2.2.     Industry Evolution2.3.         Years Considered for the Study2.4.         Currency Conversion RatesChapter 3. Global Network Slicing Market Dynamics      3.1.         Network Slicing Market Impact Analysis (2018-2027)3.1.1.     Market Drivers3.1.2.     Market Challenges3.1.3.     Market OpportunitiesChapter 4. Global Network Slicing Market Industry Analysis4.1.         Porter’s 5 Force Model4.2.         PEST Analysis4.2.1.     Political4.2.2.     Economic4.2.3.     Social4.2.4.     Technological4.3.         Investment Adoption Model4.4.         Analyst Recommendation & ConclusionChapter 5. Global Network Slicing Market, by Components5.1.         Market Snapshot5.2.         Global Network Slicing Market by Source, Performance – Potential Analysis5.3.         Global Network Slicing Market Estimates & Forecasts by Components, 2018-2027 (USD Billion)5.4.         Network Slicing Market, Sub Segment Analysis5.4.1      Solution5.4.2      ServicesChapter 6. Global Network Slicing Market, By End Users6.1.         Market Snapshot6.2.         Global Network Slicing Market by Source, Performance – Potential Analysis6.3.         Global Network Slicing Market Estimates & Forecasts by End User, 2018-2027 (USD Billion)6.4.         Network Slicing Market, Sub Segment Analysis6.4.1.       Telecom Operators6.4.2.     EnterpriseChapter 7. Global Network Slicing Market, Industry Vertical7.1.         Market Snapshot7.2.         Global Network Slicing Market by Source, Performance – Potential Analysis7.3.         Global Network Slicing Market Estimates & Forecasts by Industry Vertical, 2018-2027 (USD Billion)7.4.         Network Slicing Market, Sub Segment Analysis7.4.1.     Manufacturing7.4.2.     Healthcare7.4.3.     Automotive7.4.4.     Media & Entertainment7.4.5.     Transport & Logistic7.4.6.     BFSI7.4.7.     Government7.4.8.     OthersChapter 8. Global Network Slicing Market, Regional AnalysisRelated Report:Network Automation Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
Global network automation market size is expected to witness exponential growth over the next few years. Network automation is increasingly becoming a critical part for enterprises and business organizations. Routine network and security tasks when automated become considerably faster, require less downtime, and are less prone to errors, boosting overall network efficiency and reliability. Automated networks play a crucial role in the deployment of smart grid infrastructure. Energy & utility segment held a market share of 19.7% during 2019 owing to a strong demand for digitalization and widespread deployment of smart grids. Meanwhile, retail sector is slated to record a CAGR of 26.1% during the analysis period. Network automation allows retailers to improve decision making and optimize business operations.
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