Network slicing is a method of virtual networking architecture in the same family as network functions virtualization (NFV) and software defined networking (SDN) — two closely related network virtualization technologies that are moving modern networks to software-based automation. Network functions virtualization (NFV) and software defined networking (SDN) allow far better network flexibility through the partitioning of network architectures into virtual elements. Moreover, network slicing finds application in various industries such as healthcare, automotive, media & entertainment, government, and others.
Increasing number of mobile operators are leveraging edge and cloud computing to bring low-latency, high-speed, and secure connectivity to the network edge while improving operational efficiencies. For instance, in August 2021, U.S.-based electronics company Keysight Technologies joined Google Cloud Partner initiative to propel 5G services at network edge. Additionally, as a Google Cloud partner, Keysight Technologies will support service providers transitioning to edge and cloud computing, which are needed for delivering innovative applications including cloud gaming, streaming media, connected vehicles, and private wireless networks.
Moreover, enterprises are shifting to 5G network in order to handle data from millions of IoT devices, which will boost the global network slicing market growth. For instance, in June 2021, Itential, a network and cloud automation company, collaborated with Kaloom, an edge networking software company. Together, both companies will now offer customers the ability to integrate, automate, and deploy network slicing intelligence.
However, lack of standardization is one of the major challenges for the global network slicing market.
Global Network Slicing Market Taxonomy
On the basis of component, the global network slicing market is segmented into:
On the basis of end user, the global network slicing market is segmented into:
- Telecom Operators
On the basis of industry vertical, the global network slicing market is segmented into:
- Media and Entertainment
On the basis of region, the global network slicing market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Major players operating in the global network slicing market include Affirmed Networks, Amdocs, Argela Technologies, Cisco Systems, Inc., Cloudstreet, HCL Technologies Limited, Huawei Technologies Co., Ltd., Mavenir, Nokia Corporation, Parallel Wireless, Inc., RedZinc Services Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corporation.