According to the research report titled ‘Network Slicing Market Size By Component, By Application, Government [Smart City, Public Safety], Retail [Supply Chain Management, Asset Tracking & Monitoring], BFSI), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global network slicing market is expected to experience notable growth during 2020-2026.
 

Rapid technological developments and rising demand from the retail, manufacturing, and healthcare sectors are expected to drive the growth of global network slicing market during the forecast period. Network slicing involves separation of several virtual networks originating from one physical hardware for different purposes, applications or services.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2525405/
 

It is widely used for enhanced allocation of resources and to optimize cost & efficiency of 5G networks. Features such as security, stability, elasticity, and robustness are impelling the demand for network slicing solutions for division of network.
 

With regards to the component, global network slicing market is segmented into service and solution. The service segment is further divided into managed services, training & consulting, and integration & deployment. As per the report, integration & deployment service segment held 45% industry share in 2019, owing to growing preference for outsourcing the deployment of network slicing solutions.
 

Speaking of application landscape, the industry is bifurcated into healthcare, manufacturing, retail, automotive, energy & utility, government, and BFSI. Among these, energy & utility segment is expected to grow with a CAGR of 20% through 2026, mainly due to rising adoption of smart meters. Meanwhile, network slicing market share from government application is poised to experience a growth rate of 5% during the forecast period, owing to inflowing investments towards smart city projects.
 

The report cites that retail application segment contributed 10% to overall market share in 2019 and reckoned to grow modestly in the subsequent years, due to integration of advance networking solutions by e-commerce companies.
 

From regional frame of reference, the industry is segmented into North America, Asia Pacific, Europe, and LAMEA. Among them, LAMEA network slicing market accounted for 10% share in 2019, mainly due to significant broadband adoption across the region.
 

Key players operating in global network slicing market are ZTE Corporation, Telefonaktiebolaget LM Ericsson, Red Zinc Services Ltd., Parallel Wireless Inc., Nokia Corporation, Mavenir, Huawei Technologies Co. Ltd., HCL Technologies Limited, CloudStreet, Cisco Systems Inc., Argela Technologies, Amdocs, Affirmed Networks Inc.