Network Slicing Market will be worth a staggering $726.27 million | Affirmed Networks, Intel, NTT DOCOMO, Ericsson, Huawei, Argela, Mavenir, ZTE

Network Slicing Market is accounted for $120.34 million in 2017 and is expected to reach $726.27 million by 2026 growing at a CAGR of 22.1% during the forecast period.

Some of the key factors that drive the growth of the market include a growing requirement for high-speed internet and large network coverage, rising demand for broadband services over the mobile network, the high growth rate in mobile data traffic volumes and virtualization of networks. However, the lack of edge computing resources and designing challenges are some factors hampering the market scope. Moreover, the rising number of IoT connecting devices and nimble networks are providing significant opportunities for the market over the forecast period.

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In terms of geography, North America is expected to hold the largest market share during the forecast period owing to its growing acceptance of smart connected devices, industrial internet of everything (IIoE), and nimble networks. Moreover, the improved budgets and grants have invited various big market players to make significant investments in this region.

Some of the key players in Network Slicing Market include Aria Networks, Affirmed Networks, Intel, NTT DOCOMO, Ericsson, Huawei, Argela, Mavenir, ZTE, SK Telecom, Nokia Networks, and Cisco Systems.

Services Covered:
– Managed Services
– Professional Services

Components Covered:
– Services
– Technologies

Technologies Covered:
– Cloud Radio Access Network
– Software-Defined Networking and Network Functions Virtualization

Applications Covered:
– Network Monitoring
– Asset Management
– Remote Monitoring
– Multimedia
– Real-Time Streaming
– Supply Chain Management

End Users Covered:
– Agriculture
– Banking, Financial Services, and Insurance
– Healthcare
– Automotive
– Public Safety
– Media and Entertainment
– Energy and Utilities
– Manufacturing
– Other End Users

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