San Francisco, California, March 23, 2018: The global network slicing market is expected to witness a notable growth due to progress in technologies for example software-defined networking (SDN) and network function virtualization (NFV). These technologies help in development of virtualized, cloudified, and softwarized upcoming-generation systems. Recently, a report was published, titled “Network Slicing Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” by Transparency Market Research. These important technologies are advantageous in aligning and supporting the entire networking requirements of several businesses.
The network slicing market is expected to develop at an amazing CAGR to see a manifold rise in its value by 2025. Players could expect a better than average development in the market with virtualization of networks and expanding mobile data traffic. Dependable upgradation and services related with network slicing could pick up pace because of their increased adoption. This could happen due to the propelling demand for broadband services over mobile networks. Also, the growing interest for extensive and high-pace network coverage is anticipated to betoken well for the market. The world network slicing market is foreseen to offer several growth prospects because of the consistent ascent in the deployment of agile networks and IoT-associated gadgets giving immense flexibility.
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In 2017, North America accounted for a substantial share in the global network slicing market. Some of the drivers that will reinforce the development of the North America market are the mounting acknowledgment of agile networks, smart connected gadgets, and modern IoT. The region is home to 5G firms offering network slicing services because of an expanding adoption of advanced technologies.
Intel, Cisco, Nokia, Ericsson, and Huawei are the most prominent players in global network slicing market. These firms are catering some of the most dependable services commercially all over the world.