Sep 22,2021 | Information Technology
Network slicing has multiple slices, and each slice has its own topology, performance characteristics and security rules. In other way, Network slicing is also known as virtual network and each network slice provides a dedicated network resource that fulfils the need of specific application such as speed, bandwidth and latency. Moreover different slices are devoted to different functions.
Global Network Slicing Market was valued at US$172.56 million dollar in 2019 and expected to grow with a CAGR 23.7% during the forecasting years. Network slicing empowers new business opportunities for communication service providers across wide range of sectors. The network market growth has gained popularity due to the cellular network technology, which also offers higher data speed and lower expectancy.
The increase in volume of data supplied by cellular network technology has been led largely by consumer demand for video and shift in the business towards Cloud services. It also creates new revenue opportunities for communication service providers such as ability to deliver services faster with high security and flexibility. The growing adoption of SDN (software-defined networking) and NFV (network functions virtualization) solutions and surging adoption of IoT devices across different industry verticals, are the key driven factors for the market growth.
Some of the key players in the global network slicing market are Argela Technologies, Cisco Systems Inc., Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., Mavenir, Nokia, Samsung, Telefonaktiebolaget LM Ericsson and ZTE.
Bharatbook offers the study on the aforementioned topic with an objective to define market sizes of different segments & countries in recent years and to forecast the values to the coming 8 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
For more details on the market, please visit Global Network Slicing Market.