Recently conducted research predicts significant growth in the market for 5G network slicing in the coming years. According to forecasts, this market is expected to grow at a compound annual growth rate (CAGR) of 60.19% between 2022 and 2028, reaching a value of $9,068.487 million in 2028.
One of the key drivers of the growth in the 5G network slicing market is the increasing number of applications in various industries. Industries such as automotive, media and entertainment, and public services are leveraging the advancements in 5G technology. Each of these industries has different requirements for stable operations, such as throughput, latency, and reliability. Network slicing, as a foundational technology, addresses these requirements by creating customized logical networks within a single physical infrastructure.
In the energy and multimedia sectors, network slicing has already been successfully implemented. In this scope, it provides services such as differential protection, ultra-HD 4K video transmission for transmission lines, emergency monitoring of power distribution networks, load management, and intelligent distribution automation.
The growth of the 5G network slicing market is influenced by many introduced products and innovations. For example, Nokia and Proximus have improved the performance of 5G network slicing through radio resource allocation and programmable radio software. This innovation has brought benefits to a wide range of applications, including industry 4.0, the Internet of Things, public safety, and virtual and augmented reality.
Countries such as the USA, Japan, South Korea, China, and Germany are leading the development of the 5G network slicing market. These countries have implemented measures to support market development. For example, Samsung Electronics and KDDI conducted the world’s first end-to-end 5G network slicing demonstration with an intelligent RAN controller in Tokyo. Similarly, Deutsche Telekom and Ericsson demonstrated global availability of 5G network slicing with quality of service in Germany.
The major players in the 5G network slicing market include Samsung, NTT, Ericsson, Nokia Corporation, Cisco Systems Inc., ZTE Corporation, Mavenir, and Intel Corporation.
In summary, the 5G network slicing market expects significant growth in the coming years. Technological advancements and the increasing number of applications in various industries are driving the demand for network slicing solutions. Creating customized logical networks using network slicing enables industries to meet their individual requirements for stable operations.
FAQ:
Q: What is 5G network slicing?
A: 5G network slicing is a technology that enables the creation of customized logical networks within a single physical infrastructure, catering to the different requirements of various industries.
Q: What are the benefits of 5G network slicing?
A: 5G network slicing allows industries to meet their individual requirements for stable operations, such as throughput, latency, and reliability.
Source: Knowledge Sourcing Intelligence
The source of the article is from the blog procarsrl.com.ar