Global Network Slicing Market Regional Forecasting to 2020-2027

Posted by Sonika on May 29th, 2021

Bharat Book Bureau Provides the Trending Market Research Report on "Global Network Slicing Market analysis segmented by Components, By End Users, By Industry vertical, Regional Forecasting to 2020-2027 "under Media Industry Analysis Report section. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Global Network Slicing Market was valued at 172.56 Million US Dollar in 2019 and expected to grow with a CAGR 23.7% during forecasting years. Network slicing has multiple slices 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 resources that fulfill the need of specific application such as speed, bandwidth and latency. Different slices devoted to different function. Network slicing empower new business opportunities for communication service providers across wide range of sectors. Network market growth gaining popularity due to cellular network technology which offer higher data speed and lower expectancy.

Increase in volume of data supplied by cellular network technology has been led largely by consumer demand for video and shift the business towards Cloud services. It creates new revenue opportunities for communication service providers such as ability to deliver services faster with high security and flexibility. Growing adoption of SDN (software-defined networking) and NFV(network functions virtualization) solutions and surging adoption of IoT devices across different industry verticals, are key driven factors for the market growth. Increasing adoption of IoT and rapidly advancement in machine to machine communication network which is used by many industries by connecting all type of appliances, devices, services and system which in turn, increasing adoption of 5G technology to support IoT applications. Despite that, data security concerns and lack of standardization hampers the global Network Slicing Market growth.

The regional analysis of the global Network Slicing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is Dominating the Market and continue to lead the market during forecasting years due to demand for better speed connectivity and bandwidth. APAC is the fastest growing market owing to growing acceptance of cloud -based solutions, IOT, Big data analytics and mobility.

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Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Network Slicing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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