According to the recent report by IMARC Group, titled “ Network Slicing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” The global network slicing market reached a value of US$ 299.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$1,082.2 Million by 2027, exhibiting at a CAGR of 24.06% during 2022-2027.
Network slicing is a method that enables the division of a single network connection into multiple unique virtualized connections. Network slicing serves the diverse use cases over the 5G network in a flexible manner, thereby enabling consumers to pay the same price for a particular bandwidth on the same physical network infrastructure. This solution is commonly used for asset management, remote monitoring, real-time streaming, and supply chain management across various industries.
Network Slicing Market Trends:
The global market is largely driven by the rapid advancements in cellular network technology, which has resulted in high data speed and lower latency. Moreover, the increasing adoption of the 5G network and the availability of shared spectrum has also provided a thrust to the market growth. Furthermore, the widespread integration of the Internet of Things (IoT) with connected devices, appliances and services has positively impacted the market growth. Additionally, the growing usage of network slicing to enhance security in e-health use cases and continual technological advancements in the digital ecosystem have provided an impetus to the market growth further.
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Network Slicing Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of component, end user and industry vertical.
Breakup by Component:
Breakup by End User:
Breakup by Industry Vertical:
Breakup by Region:
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