5G Network Slicing Market Growth Forecast: CAGR of 38.5% Predicted until 2030

A Quick Overview of 5G Network Slicing Market
The key object of this report on the 5G Network Slicing Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
The size of the Global 5G Network Slicing Market size is estimated to grow at a CAGR of around 38.5% from 2024 to 2030. There are several factors contributing to the expansion of the industry such as —–
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Market Dynamics:
Driver-
The Proliferation of IoT Applications Driving the Global 5G Network Slicing Market – The rapid adoption of Internet of Things (IoT) devices and applications across various industries serves as a significant driver for the Global 5G Network Slicing Market. As IoT ecosystems continue to expand, there’s a growing need for tailored network solutions to accommodate the diverse requirements of IoT devices. 5G Network Slicing plays a pivotal role in meeting these demands. It enables the creation of dedicated network slices optimized for specific IoT use cases, such as industrial automation, smart cities, agriculture, and healthcare. For instance, in smart manufacturing, IoT sensors and machines require low-latency, high-reliability connections for real-time monitoring and control. In contrast, smart agriculture may necessitate network slices optimized for efficient data transfer from remote sensors and agricultural machinery.
This versatility ensures that IoT applications can operate seamlessly and efficiently within a 5G network, driving the adoption of 5G Network Slicing as a fundamental enabler of IoT innovation. As industries increasingly rely on IoT for enhanced efficiency, productivity, and data-driven insights, the demand for customized, high-performance network slices continues to grow, positioning 5G Network Slicing as a critical driver in the evolving digital landscape.
5G Network Slicing Market Report Segmentation:
The report by MarkNtel Advisors on 5G Network Slicing Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Type
- RAN Slicing- Market Size & Forecast 2019-2030, USD Million
- Edge Slicing- Market Size & Forecast 2019-2030, USD Million
- End-to-End Network Slicing- Market Size & Forecast 2019-2030, USD Million
By Component
- Solutions- Market Size & Forecast 2019-2030, USD Million
- Services- Market Size & Forecast 2019-2030, USD Million
- Managed Services- Market Size & Forecast 2019-2030, USD Million
- Professional Services- Market Size & Forecast 2019-2030, USD Million
By Deployment Mode
- Standalone- Market Size & Forecast 2019-2030, USD Million
- Non-standalone- Market Size & Forecast 2019-2030, USD Million
By Enterprise Type
- Large Enterprises- Market Size & Forecast 2019-2030, USD Million
- Small and Medium Enterprises- Market Size & Forecast 2019-2030, USD Million
By Application
- Remote Monitoring- Market Size & Forecast 2019-2030, USD Million
- Asset Management- Market Size & Forecast 2019-2030, USD Million
- Supply Chain Management-Market Size & Forecast 2019-2030, USD Million
- Real-Time Streaming-Market Size & Forecast 2019-2030, USD Million
- Network Monitoring-Market Size & Forecast 2019-2030, USD Million
- Others
By Form
- eMBB (Enhanced Mobile Broadband)- Market Size & Forecast 2019-2030, USD Million
- mMTC (Massive Machine-Type Communication)- Market Size & Forecast 2019-2030, USD Million
- URLLC (Ultra-Reliable Low Latency Communication)- Market Size & Forecast 2019-2030, USD Million
By Spectrum Band
- High Bands (> 24 GHz)- Market Size & Forecast 2019-2030, USD Million
- Mid Bands (6-24 GHz)- Market Size & Forecast 2019-2030, USD Million
- Low Bands (< 6 GHz)- Market Size & Forecast 2019-2030, USD Million
By Solution
- Cloud Radio Access Network (CRAN)- Market Size & Forecast 2019-2030, USD Million
- Software Defined Networking (SDN)- Market Size & Forecast 2019-2030, USD Million
By Vertical
- Manufacturing- Market Size & Forecast 2019-2030, USD Million
- Automotive- Market Size & Forecast 2019-2030, USD Million
- Energy & Utilities- Market Size & Forecast 2019-2030, USD Million
- Healthcare- Market Size & Forecast 2019-2030, USD Million
- Logistics- Market Size & Forecast 2019-2030, USD Million
- Government- Market Size & Forecast 2019-2030, USD Million
- Media and Entertainment- Market Size & Forecast 2019-2030, USD Million
- Others (BFSI, Agriculture, etc.)- Market Size & Forecast 2019-2030, USD Million
The logistics sector took a leading position in the market, representing a major market share. The segment’s prominence is attributed to the growing demand for tailored and optimized network services catering to specific applications like fleet management, logistics streamlining, autonomous vehicles, traffic control, and more.
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Some of the Top 5G Network Slicing Companies in the Market
In the fast-changing 5G Network Slicing Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co. Ltd.
- Nokia Corporation
- Intel Corporation
- ZTE Corporation
- Cisco Systems Inc.
- Samsung Electronics Co. Ltd.
- SK Telecom Co. Ltd.
- NTT DOCOMO Inc.
- Deutsche Telekom AG
- Telefonica SA.
- Vodafone Group plc
- Amdocs, Inc.
- Mavenir Systems, Inc.
- Parallel Wireless
- Others
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