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Rapid development of 5G network and soaring demand for mobile broadband services will offer expeditious growth to network slicing market. Technological developments are spurring the adoption of network slicing due to the need for Industrial IoT solutions. Incorporation of various advanced technologies, such as wireless connectivity and real-time control in vehicles is likely to influence network slicing industry trends.
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Network Slicing Market Share, Trend & Growth Forecast to 2026
KeyInsights Network Slicing Market: • Network slicing is gaining huge proceeds from its extensive adoption in the manufacturing sector due to the growing penetration of Industrial IoT solutions in the sector. This statement can be validated by a successful trial of 5G network slicing effectuated by ZTE Corporation in China in November 2019. For development of this technology, Zhejiang Bluetron and China Telecom have entered a partnership and have been working to improve the operational efficiency of industrial processes by integrating the 5G network with IoT sensors and mobile edge computing servers.
Continued… • It is also used to monitor vital signs and to amplify the sound in electronic stethoscopes. Additionally, the components enable clinicians and doctors to monitor the health of the patient remotely which further allows for quick decision-making via telemedicine. Rising adoption of embedded systems in biomedical sensors such as pacemakers, CPAP machines and glucose monitors are facilitating the business expansion. • It is also used to monitor vital signs and to amplify the sound in electronic stethoscopes. Additionally, the components enable clinicians and doctors to monitor the health of the patient remotely which further allows for quick decision-making via telemedicine. Rising adoption of embedded systems in biomedical sensors such as pacemakers, CPAP machines and glucose monitors are facilitating the business expansion.
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Major Companies Network Slicing Market : • Affirmed Networks • Amdocs • Argela Technologies • Cisco SystemsInc. • Cloudstreet • HCL Technologies Limited • Huawei Technologies Co
Regional Network Slicing Market: • Europe network slicing market is expected to witness commendable growth from the developing healthcare sector. Companies operating in healthcare industry are looking for effective network slicing services, which will bolster network slicing market growth. The economic stability in Europe will encourage investments for research and development activities in healthcare technology for advancement of infrastructure. • Furthermore, the deployment of 5G network across Europe has enhanced network slicing market outlook in recent years. Most companies partaking in the industry share are rolling out the latest solutions favorable for development of 5G network and network slicing business. For instance, ZTE and Hutchison Drei Austria entered into a partnership to launch a 5G slicing service store in Europe. The store facilitated its customers with custom network slices along with real time KPI monitoring and network optimizing capability.
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