Global Network Slicing Market to Reach USD 2,621.2 Million by 2033, Impelled by Escalating Demand for High-Speed Internet Connectivity

December 19, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "Network Slicing Market Report by Component (Solution, Services), End User (Telecom Operators, Enterprises), Industry Vertical (Manufacturing, Healthcare, Automotive, Media and Entertainment, Transport and Logistic, BFSI, Government, and Others), and Region 2025-2033," the global network slicing market reached a value of USD 555.5 Million in 2024. Network slicing refers to the method of building multiple logical and unique virtualized networkson a common physical infrastructure which is an essential network configuration component of the fifth-generation (5G)architectural landscape. It is generally created by mobile network operators (MNOs) using network functions virtualization (NFV), software-defined networking (SDN), analytics, orchestrationand automation for supporting a specific application or a set of networks. It aids in minimizing operating costs, reducing capital expenditureand providing improved operational efficiency by transforming business operations andtailoring networking specifications. As a result, it is widely adopted in real-time streaming, asset management, supply chain management and network monitoring.

Global Network Slicing Market Trends:

The global market is primarily driven by the increasing demand for network slicing by communication service providers. This is supported by continual improvements in the cellular network technology and the escalating preference for high-speed internet connectivity among the masses. Additionally, the sudden outbreak of coronavirus disease (COVID-19) has led to the growing demand for broadband services across geographically extended areas, which ispositively impacting the market. Along with this, continuous technological advancements and the deployment of the 5G services in artificial intelligence (AI), autonomous driving, virtual reality (VR) and augmented reality (AR) applications are providing an impetus to the market. Moreover, rising investments by public and private firms for upgrading the existing telecom infrastructure across multiple countries are positively influencing the market. Furthermore, the increasing adoption of 5G network for conductingcomplex surgeries using robots in the healthcare sector is acting as another growth-inducing factor. Other factors, including the expansion of smart grids as an initiative of smart city development and extensive research and development (R&D) activities conducted by key players, are also projected to drive the market growth. Looking forward, the market value is projected to reach USD 2,621.2 Million by 2033, expanding at a CAGR of 18.8% during 2025-2033.

Market Summary:

On the basis of the component, the market has been bifurcated into solutions and services.
Based on the end-user, the market has been segmented into telecom operators and enterprises.
On the basis of the industry vertical, the market has been segregated into manufacturing, healthcare, automotive, media and entertainment, transport and logistic, BFSI, government and others.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Affirmed Networks Inc. (Microsoft Corporation), Amdocs, Argela Technologies (TürkTelekomünikasyon A.S.), 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 and ZTE Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Component, End User, Industry Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Affirmed Networks Inc. (Microsoft Corporation), Amdocs, Argela Technologies (Türk Telekomünikasyon A.S.), 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 and ZTE Corporation
Customization Scope	10% Free Customization
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Global Network Slicing Market to Reach USD 2,621.2 Million by 2033, Impelled by Escalating Demand for High-Speed Internet Connectivity

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