5G network slicing is a specific architecture that enables the multiplexing of virtualization & independent logical networks on the similar physical network infrastructure. It enables a highly programmable multi-service architecture that primarily consists of three layers: service instance layer, network slice instance layer, and resource layer. Its one important architecture component is the Slice Selection Function (SSF) that handles device attaches requests & new service establishments. SSF selects an optimal slice based on the device type, user information, and capabilities. This supports one of the significant goals of radio access management, which is to support the configuration rules for each slice. Additionally, 5G network slicing allows for core-networks to be logically separated in the terms of connectivity & network capabilities. Separation of the control plane & user plane is a major aspect of the 5G network slicing market that allows various resources to be scaled independently.
Some of the key benefits of 5G network slicing include helps network operators in reducing expenses (OPEX) and capital expenditure (CAPEX), provide various services based on the requirements of the user & various use cases and improve operational efficiency & time to market for the delivery of 5G network services.
According to study, North America 5G Network Slicing Market 2020-2030 by Offering, Spectrum Band, Industry Vertical, End User, and Country: Trend Forecast and Growth Opportunity the key companies operating in the global North-America 5G network slicing market include Nokia Corporation, SK Telecom Co. Ltd., Cisco Systems Inc., Telefonica SA., Intel Corporation, Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Deutsche Telekom AG, NTT DOCOMO Inc., ZTE Corporation, Huawei Technologies Co. Ltd. and among others.
Based on offering, North-America 5G network slicing market can be categorized into solution, hardware and services. Solution includes Software Defined Networking (SDN), Cloud Radio Access Network (CRAN) and Network Function Virtualization (NFV). Hardware includes filters & duplexers, antenna tuners, phase shifters, switches and other components. Additionally, services include managed & professional services. Based on spectrum band, market can be categorized as low bands (<6 HZ), mid bands (6-24 HZ) and high bands (>24HZ). Based on industry vertical, market can be categorized as energy & utilities, industrial manufacturing, media & entertainment, healthcare, public safety & surveillance, defense & military, intelligent buildings & smart cities, connected vehicles, and other verticals. In addition, based on end-user, market can be categorized as consumer, enterprise and government.
The North-America 5G network slicing market is driven by increase in data traffic, followed by rise in penetration of smart-phone, increase in availability of affordable high speed network services and growth in deployment of network slicing solutions by telecom industry. Apart from this, concerns related to data security are major restraining factors for market. Moreover, growth in adoption of IoT devices due to development of smart cities and rise in demand of commercialization of 5G networks are leading opportunities for market. Furthermore, Lack of Standardization is a major challenge for global market.
It is projected that future of the North-America 5G network slicing market will be bright owing to presence of key players coupled with growth in penetration of smart-phone during the forecast period.
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North America 5G Network Slicing Market Research Report
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