5G Network Slicing Market Size, Share, Opportunities, And Trends By Industry Vertical (Healthcare, Government, Transportation, Energy & Utilities, Manufacturing, Others), By Application (eMBB, MMTCs, URLLCs, Others), By Technology (SDN-Based, NFV), And By Geography - Forecasts From 2024 To 2029

  • Published : Jul 2024
  • Report Code : KSI061615190
  • Pages : 129

GROWTH DRIVERS:

  • Increasing industrial applicability has augmented the overall market expansion.

Various industrial sectors such as utilities, media & entertainment, manufacturing, government, and healthcare are heavily influenced by the emergence of 5G technology. It enables them to establish a reliable, fast, and flexible communication chain between customers and inter-departments. Hence, network slicing has formed an integral part of 5G technology as it addresses the tailored connectivity and data processing requirements of users.

Key players are investing in new launches and product innovations. For instance, in February 2024, Nokia showcased its “Multi-edge Slicing”. This offers premium slicing services across the 5G and 4G spectrum, thereby supporting several applications simultaneously. The breakthrough supports various devices such as smartphones, laptops, IoT devices, and gaming consoles.

Consequently, various developments across various industries can be witnessed. For instance,

  • In Electric Power Sector:

5G technology has enabled smart grids to fully utilize modern information communication technologies, thereby improving their intelligence and informatization. The 5G services are beneficial in various differential protection such as showcasing power transmission lines in 4K ultra-HD video, intelligent enhancing situation awareness for the power distribution network, distributed feeder automation, and load management at the millisecond level. Grid corporations of major nations such as China are collaborating with tech giants such as Huawei to implement 5G network slicing in their power grids.

  • In Multimedia Field

Multimedia is one of the major areas with high growth potential for 5G network slicing. It assists in running multiple applications such as 4K ultra-HD multimedia live transmissions, video conferencing & calling. Hence, to bolster this experience, various phase testing and developments are taking place among major players. For instance, in February 2024, in the UK, Ericsson, in collaboration with BT Group and Qualcomm Technologies, demonstrated its end-to-end 5G Connectivity enabled network slicing on Ericsson’s “5G Core”. The test was conducted on Snapdragon 8-powered devices and established network slicing for video conferencing and mobile gaming.

EMERGING OPPORTUNITIES IN THE GLOBAL 5G NETWORK SLICING MARKET

  • Healthcare

5G network slicing is promoting advancements in healthcare services, and with digitization and the Internet of Things (IoT) on the boom, the demand for high-speed network connectivity has been accelerated. Advanced services such as telemedicine and real-time and critical care tracking deal with sensitive data crucial in smart healthcare (s-health). Adapting network resources to specific needs and autonomous assessment of network traffic are two major advantages of network slicing for smart health.

Hence, market players such as Ericsson are investing their efforts in optimizing this industrial opportunity with new launches, development, and forming strategic collaborations with healthcare facilities. For instance,

 

DATE

 

TYPE

 

DESCRIPTION

October 2023

Collaboration/Demonstration

Chunghwa Telecom, in collaboration with Ericsson, developed 5G connected ambulance services powered by Ericsson’s network slicing technology. The connected service would provide patients with real-time data and monitor their vital signs in 4K videos, thereby facilitating remote diagnosis

 

  • NVF

The 5G network slicing market is segmented by technology into SDN-Based and NVF. NFV deployment is expected to attain a major share during the forecasted period owing to growing investments and partnerships by the market players.

 

DATE

 

TYPE

 

DESCRIPTION

February 2024

Collaboration

Ericsson, in collaboration with Telefónica, demonstrated a premium 5G network connection leveraging on enhanced network slicing. It would enable users to expand their limited subscription services through Telefonica’s dedicated network slices.

 

5G NETWORK SLICING MARKET GEOGRAPHICAL PRESENCE

The global 5G network slicing market consists of major countries undertaking various measures to secure their 5G network. Some major countries include the USA, Japan, South Korea, China, and Germany. The countries have undertaken various measures, complementing the overall market growth. For instance,

  • In January 2023, Samsung Electronics Co. Ltd and KDDI demonstrated their SLA (Service Level Agreements) assurance network slicing in Japan. The companies developed multiple network slices on live commercial 5G standalone through Samsung's RAN Intelligent Controller (RIC). The trial aimed to meet multiple SLA requirements on performance parameters such as high throughput and low latency.
  • In February 2022, Deutsche Telekom, in collaboration with Ericsson, demonstrated the “5G End-to-End Network Slicing” to facilitate international connectivity for enterprises working on latency-critical applications in various international subsidiaries. The trial included end-to-end and SD-WAN orchestration and would benefit global enterprises by bolstering innovative network adoption across various industry verticals.

MAJOR MARKET PLAYERS:

Some of the leading players in the market include Samsung, Ericsson, Cisco, and Nokia, among others. These companies have undertaken various business strategies such as product launches, investments, and partnerships to expand their product offerings. For instance,

  • August 2023: T-Mobile launched its “5G Network Slicing Beta” in Seatle which is designed to provide a customized network slice that would enable developers to enhance their video calling applications. The network slicing module aims to address the growing data traffic issue and how it impacts remote video calling. The product is available for iOS users, but T-Mobile is also planning to expand its access to Android users.
  • June 2022: Nokia, in partnership with Proximus, conducted the trial of enhancing 5G network slicing through radio resource allocation and radio software-defined working technologies. The trial was conducted in Proximus’s “5G Innovation Lab” in Brussels and would provide new growth prospects for IoT, Industry 4.0, enterprise applications, drone inspection, public safety, cloud gaming, and augmented reality.

The 5G Network Slicing market is segmented and analyzed as:

  • By Industry Vertical
    • Healthcare
    • Government
    • Transportation
    • Energy & Utilities
    • Manufacturing
    • Others
  • By Application
    • eMBB
    • MMTCs
    • URLLCs
    • Others
  • By Technology
    • SDN-Based
    • NFV
  • By Geography
    • Americas
      • United States
      • Others
    • Europe, Middle East, and Africa
      • Germany
      • UK
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Bandwidth Availability

4.4. Number of Users

5. GOVERNMENT REGULATIONS/POLICIES

6. 5G NETWORK SLICING MARKET, BY INDUSTRY VERTICAL

6.1. Introduction

6.2. Healthcare

6.3. Government

6.4. Transportation

6.5. Energy & Utilities

6.6. Manufacturing

6.7. Others

7. 5G NETWORK SLICING MARKET, BY APPLICATION

7.1. Introduction 

7.2. eMBB 

7.3. mMTCs

7.4. URLLCs

7.5. Others

8. 5G NETWORK SLICING MARKET, BY TECHNOLOGY

8.1. Introduction

8.2. SDN-Based

8.3. NFV

9. 5G NETWORK SLICING MARKET, BY GEOGRAPHY

9.1. Introduction

9.2. Americas

9.2.1. United States

9.2.2. Others

9.3. Europe, Middle East and Africa

9.3.1. Germany

9.3.2. UK

9.3.3. Others

9.4. Asia Pacific

9.4.1. China

9.4.2. Japan

9.4.3. South Korea

9.4.4. Others

10. RECENT DEVELOPMENT AND INVESTMENTS

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Vendor Competitiveness Matrix

12. COMPANY PROFILES

12.1. Samsung

12.2. NTT

12.3. Ericsson

12.4. Cisco Systems Inc.

12.5. Nokia Corporation

12.6. Mavenir

12.7. ZTE Corporation

12.8. Intel Corporation


Samsung

NTT

Ericsson

Cisco Systems Inc.

Nokia Corporation

Mavenir

ZTE Corporation

Intel Corporation


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