5G Network Slicing Market (By Component; By Type: RAN Slicing, Edge Slicing, End-to-End Network Slicing; By Network Architecture; By Vertical) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global 5G network slicing market was valued at USD 208.25 million in 2022 and it is predicted to surpass around USD 7,456.80 million by 2032 with a CAGR of 43.02% from 2023 to 2032.

5G Network Slicing Market Size 2023 to 2032

Key Pointers

  • The solutions segment dominated the market in 2022 and accounted for a revenue share of more than 59.04%. The growth is driven by the rising need for 5G network slicing solutions to support diverse use cases with different requirements, such as ultra-reliable low-latency communication (URLLC), massive machine-type communication (mMTC), and enhanced mobile broadband (eMBB). 
  • The services segment is anticipated to register the fastest growth over the forecast period. The segment is further split into professional and managed services. The managed services segment is anticipated to be the fastest-growing segment throughout the projection period. The growth can be attributed to the ability of managed services providers to offer advanced analytics and automation capabilities to optimize network slicing performance and provide real-time insights into network traffic and usage patterns.
  • The end-to-end slicing segment dominated the market in 2022 and accounted for a revenue share of more than 48.02%. The segment is estimated to grow at the highest CAGR during the forecast period. The growing adoption of 5G end-to-end network slicing is due to rising demand for uniform connectivity characteristics to serve several applications in different end-use sectors such as automotive, broadcasting, and others.
  • The edge slicing segment is anticipated to witness significant growth through the forecast period. The ability of edge slicing to improve network security by enabling the deployment of customized security functions closer to the end-users, reducing the attack surface, and improving the overall security posture of the network is anticipated to support the growth of the segment.
  • The non-standalone segment dominated the market in 2022 and accounted for a revenue share of more than 70.05%. The growth of the segment is due to the increasing adoption of 5g network services from existing network infrastructure to reduce the initial costs of deploying the 5G network.
  • The standalone segment is expected to witness significant growth during the forecast period. The network slices created on a 5G standalone network offer higher speeds, lower latency, and better reliability, thereby driving the growth of the segment.
  • The transportation and logistics segment dominated the market in 2022 and accounted for a revenue share of more than 17.01%. The dominance of the segment is due to the increasing demand for the creation of customized and optimized network services for applications such as fleet management, logistics optimization, autonomous vehicles, traffic management, and others.
  • Asia Pacific dominated the 5G network slicing market in 2022 and accounted for a revenue share of over 38.06%. The dominance can be attributed to the early adoption of 5G technology by Asian countries such as China, Japan, and South Korea.
  • North America is anticipated to register significant growth over the forecast period. The growth can be attributed to the presence of the major market players in the region such as AT&T Inc., Verizon Communications, Inc., and others. The network operators and vendors in the region are partnering to develop and deploy 5G network slicing services.

Report Scope of the 5G Network Slicing Market

Report Coverage Details
Market Size in 2022 USD 208.25 million
Revenue Forecast by 2032 USD 7,456.80 million
Growth rate from 2023 to 2032 CAGR of 43.02%
Base Year 2022
Forecast Period 2023 to 2032
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered AT&T, Inc.; Telefonaktiebolaget LM Ericsson; Nokia Corporation; Huawei Technologies Co., Ltd.; Cisco Systems, Inc.; Deutsche Telekom AG; Amdocs, Inc.; Vodafone Group plc; ZTE Corporation

 

5G network slicing is a technology that allows mobile network operators to create multiple virtual networks within a single physical 5G network infrastructure. 5G network slicing provides several benefits such as increased network flexibility, better resource utilization, improved network efficiency, and enhanced user experiences. It enables mobile network operators to support a wide range of use cases and industries with different performance requirements, while also allowing them to differentiate their services and create new revenue streams. The demand for 5G network slicing is driven by the need for customized and flexible 5G networks that can meet the diverse requirements of various industries and use cases.

The growing adoption of the Internet of Things (IoT) to enable communication between sensors and connected devices is anticipated to increase the demand for 5G network slicing. By creating dedicated network slices for IoT devices, service providers can ensure that these devices have the necessary resources and QoS to operate efficiently and effectively.

Moreover, as the number of IoT devices continues to grow, service providers will need to scale their networks accordingly. 5G network slicing allows them to do so flexibly and cost-effectively creating new network slices as needed and allocating resources as required. This can help service providers to keep pace with the rapidly evolving IoT market and remain competitive. The growing demand for IoT devices and applications is driving the need for 5G network slicing, and this is expected to fuel the growth of the 5G network slicing market in the coming years.

Artificial Intelligence (AI) and Machine Learning (ML) are playing an important role in 5G network slicing. By analyzing network data in real-time, AI and ML algorithms can help to optimize network resource allocation, improve network efficiency, and enhance network security. Moreover, the growing demand for Augmented Reality (AR) and Virtual Reality (VR) in gaming applications is anticipated to increase the demand for 5G network slicing owing to the ability of the network slicing technology to provide a specialized and dedicated logical network.

Several players are collaborating to develop 5G network slicing for AR/VR applications, thereby supporting market growth. For instance, in June 2021, Telefonaktiebolaget LM Ericsson, Samsung Electronics Co. Ltd., and Deutsche Telekom AG announced the world’s first implementation of 5G end-to-end network slicing for cloud VR streaming game application.

Network slicing is a rapidly evolving technology that enables service providers to offer customized connectivity services to their customers based on their specific needs. However, the lack of standardization for 5G standalone network slicing is a challenge that can limit interoperability between different vendors' products and hinder the market’s growth. Moreover, delivering high-quality services to each slice can be challenging, especially when the network is congested or the number of devices in a particular slice increases. Thus, the complexity of designing the 5G network slices is also expected to pose a challenge to market growth.

5G Network Slicing Market Segmentations:

By Component

  • Solutions
  • Services
    • Managed Services
    • Professional Services

By Type

  • RAN Slicing
  • Edge Slicing
  • End-to-End Network Slicing

By Network Architecture

  • Standalone 
  • Non-standalone

By Vertical

  • Manufacturing
  • Healthcare
  • Smart Cities
  • Transportation & Logistics
  • Energy & Utilities
  • Media & Entertainment
  • Retail
  • Others (Financial Services, Public Safety, IT & Telecom, Others)

Frequently Asked Questions

The global 5G network slicing market size was reached at USD 208.25 million in 2022 and it is projected to hit around USD 7,456.80 million by 2032.

The global 5G network slicing market is growing at a compound annual growth rate (CAGR) of 43.02% from 2023 to 2032.

The Asia Pacific region has accounted for the largest 5G network slicing market share in 2022.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on 5G Network Slicing Market 

5.1. COVID-19 Landscape: 5G Network Slicing Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global 5G Network Slicing Market, By Component

8.1. 5G Network Slicing Market, by Component, 2023-2032

8.1.1. Solutions

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Services

8.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global 5G Network Slicing Market, By Type

9.1. 5G Network Slicing Market, by Type, 2023-2032

9.1.1. RAN Slicing

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Edge Slicing

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. End-to-End Network Slicing

9.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global 5G Network Slicing Market, By Network Architecture 

10.1. 5G Network Slicing Market, by Network Architecture, 2023-2032

10.1.1. Standalone

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Non-standalone

10.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global 5G Network Slicing Market, By Vertical 

11.1. 5G Network Slicing Market, by Vertical, 2023-2032

11.1.1. Manufacturing

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Healthcare

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Smart Cities

11.1.3.1. Market Revenue and Forecast (2020-2032)

11.1.4. Transportation & Logistics

11.1.4.1. Market Revenue and Forecast (2020-2032)

11.1.5. Energy & Utilities

11.1.5.1. Market Revenue and Forecast (2020-2032)

11.1.6. Media & Entertainment

11.1.6.1. Market Revenue and Forecast (2020-2032)

11.1.7. Retail

11.1.7.1. Market Revenue and Forecast (2020-2032)

11.1.8. Others (Financial Services, Public Safety, IT & Telecom, Others)

11.1.8.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global 5G Network Slicing Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Component (2020-2032)

12.1.2. Market Revenue and Forecast, by Type (2020-2032)

12.1.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.1.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Component (2020-2032)

12.1.5.2. Market Revenue and Forecast, by Type (2020-2032)

12.1.5.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.1.5.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Component (2020-2032)

12.1.6.2. Market Revenue and Forecast, by Type (2020-2032)

12.1.6.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.1.6.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Component (2020-2032)

12.2.2. Market Revenue and Forecast, by Type (2020-2032)

12.2.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.2.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Component (2020-2032)

12.2.5.2. Market Revenue and Forecast, by Type (2020-2032)

12.2.5.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.2.5.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Component (2020-2032)

12.2.6.2. Market Revenue and Forecast, by Type (2020-2032)

12.2.6.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.2.6.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Component (2020-2032)

12.2.7.2. Market Revenue and Forecast, by Type (2020-2032)

12.2.7.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.2.7.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Component (2020-2032)

12.2.8.2. Market Revenue and Forecast, by Type (2020-2032)

12.2.8.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.2.8.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Component (2020-2032)

12.3.2. Market Revenue and Forecast, by Type (2020-2032)

12.3.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.3.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Component (2020-2032)

12.3.5.2. Market Revenue and Forecast, by Type (2020-2032)

12.3.5.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.3.5.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Component (2020-2032)

12.3.6.2. Market Revenue and Forecast, by Type (2020-2032)

12.3.6.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.3.6.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Component (2020-2032)

12.3.7.2. Market Revenue and Forecast, by Type (2020-2032)

12.3.7.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.3.7.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Component (2020-2032)

12.3.8.2. Market Revenue and Forecast, by Type (2020-2032)

12.3.8.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.3.8.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Component (2020-2032)

12.4.2. Market Revenue and Forecast, by Type (2020-2032)

12.4.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.4.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Component (2020-2032)

12.4.5.2. Market Revenue and Forecast, by Type (2020-2032)

12.4.5.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.4.5.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Component (2020-2032)

12.4.6.2. Market Revenue and Forecast, by Type (2020-2032)

12.4.6.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.4.6.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Component (2020-2032)

12.4.7.2. Market Revenue and Forecast, by Type (2020-2032)

12.4.7.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.4.7.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Component (2020-2032)

12.4.8.2. Market Revenue and Forecast, by Type (2020-2032)

12.4.8.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.4.8.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Component (2020-2032)

12.5.2. Market Revenue and Forecast, by Type (2020-2032)

12.5.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.5.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Component (2020-2032)

12.5.5.2. Market Revenue and Forecast, by Type (2020-2032)

12.5.5.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.5.5.4. Market Revenue and Forecast, by Vertical (2020-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Component (2020-2032)

12.5.6.2. Market Revenue and Forecast, by Type (2020-2032)

12.5.6.3. Market Revenue and Forecast, by Network Architecture (2020-2032)

12.5.6.4. Market Revenue and Forecast, by Vertical (2020-2032)

Chapter 13. Company Profiles

13.1. AT&T, Inc.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Telefonaktiebolaget LM Ericsson

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Nokia Corporation

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Huawei Technologies Co., Ltd.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Cisco Systems, Inc.

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Deutsche Telekom AG

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Amdocs, Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Vodafone Group plc

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. ZTE Corporation

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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