The Network slicing is a procedure of generating multiple unique virtualized and logical networks over a primarily multi-domain infrastructure. With the usage of network functions virtualization (NFV), software-defined networking (SDN), orchestration, automation, and analytics, mobile network operators can speedily create network slices to assist a specific application, set of users, service, or network. The usage of network slicing allows single network to offer several services based on the requirements of the user as well as numerous use cases. Also, it supports the network operators to decrease the operating expenses (OPEX) and capital expenditure (CAPEX) along with the developed operational efficiency and time to market for the delivery of network services.
According to the report analysis, ‘Global 5G Network Slicing Market 2020-2030 by Offering, Spectrum Band, Industry Vertical, End User, and Region: Trend Forecast and Growth Opportunity’ states that Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corporation, Nokia Corporation, NTT DOCOMO Inc., Samsung Electronics Co. Ltd., SK Telecom Co. Ltd., Telefonaktiebolaget LM Ericsson, Telefonica SA., ZTE Corporation and many more are the foremost companies which recently operating in worldwide 5G network slicing market more effectively for leading the highest market growth and dominating the handsome value of market share around the globe during the forthcoming years while analysing the strategies of enlargements and profit making, increasing the applications and specifications of such, growing the qualitative and quantitative measures of such, employing the young and active personnel, analysing the strategies and policies of the government as well as corporate, delivering the better consumer satisfaction, spreading the awareness connected to the applications of such and establishing the several research and development programs.
In addition, prevalent adoption of IoT and continuous improvements in Machine-to-Machine (M2M) communication networks are transmuting various industries by concerning all types of devices, appliances, systems, and services. IoT is one of the several use cases that network slicing-enabled 5G would assist, allowing the communication amongst the large numbers of sensors and connected devices. The demands for IoT applications can be categorized into high-power, low-latency applications (such as mobile video surveillance); and low-power, low-latency, long-range IoT applications (smart cities and smart factories). The development of the 5G technology is projected to gain pace to support such requirements for emerging IoT applications, characterized as massive machine type communication and mission-critical applications.
Not only has this, the North America registers the network slicing market, as the region is early adopter of 5G services in locations such as autonomous driving, augmented reality (AR), virtual reality (VR), and artificial intelligence (AI). In addition to this, government creativities for the improvements of 5G telecom infrastructure in the region are proficiently propelling growth of the market. For instance, in February 2019, the Federal Communication Commission (FCC) proclaimed a strategy to facilitate 5G technology in America. This strategy comprised key components upgrading the prevailing telecom network infrastructure, forwarding more spectrum into the market, and streamlining the outdated regulations and laws. However, Asia-Pacific is projected to observe highest growth rate throughout the forecast period, owing to the extensive implementation of mobile devices across the underdeveloped countries such as China and India.
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Ankur Gupta, Head Marketing & Communications