The networkslicing market is expected to be gaining traction due to the rise in demandsfor high-speed and large network coverage, increased growth in mobile datatraffic volumes, increase in demand for broadband services over mobile network,and the growing demand for the virtualization of networks. Moreover, thetrending technologies, such as Industrial Internet of Things (IIoT) and CloudRadio Access Network (C-RAN), and the evolving next-generation wirelessnetworks are some of the other factors that are expected to contribute to theoverall growth of the network slicing market. MarketsandMarkets forecasts theglobal network slicing market size to grow from USD 112.3 Million in 2017 toUSD 302.2 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 21.9%.
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Thenetwork planning and optimization segment is expected to be the fastest growingprofessional service in the network slicing market during the forecast period
Networkplanning and optimization is one of the important aspects in enabling theimplementation of network slicing technologies. This service helps maximize theperformance of the operators’ network infrastructure, so that they can deliverthe best quality of experience to their customers and keep the CapitalExpenditure (CAPEX) under control. Furthermore, it enables improved customerexperience with better data throughput, lowers the Total Cost of Ownership(TCO), and reduces the client complaints with its advanced pre-emptive analysisservice. Network planning services are inclusive of nominal cell planning,capacity dimensioning, Radio Frequency (RF) site surveys, frequency planning,and cell parameter planning. Whereas, network optimization services includemaking RF measurements and optimizing the network parameters to improve thenetwork performance. Hence, the network planning and optimization segment isexpected to be the fastest growing professional service in the network slicingmarket during the forecast period.
Theremote monitoring application area is expected to hold the largest market sharein the network slicing market during the forecast period
As globalbusinesses are adopting the digital platforms, remote monitoring has become acrucial part in maintaining a competitive edge in the market. The remotemonitoring application area is a cloud-based end-to-end monitoring technologythat operates multiple machines from remote locations. The 5G network is saidto be gaining traction across every industry and new possibilities areemerging, due to the improved addressal of solutions and extended securityservices, in addition to the higher bandwidth in the wireless communicationlink. 5G solutions represent a paradigm shift in the remote monitoringapplication and its tracking possibilities, enhanced with informationtransmission between the sensors. This paradigm shift helps in using remotemonitoring in medical-grade wearables, virtual doctor-patient interactions, andremote operation of vehicles and surveillance, and remotely operated roboticsurgeries. For instance, NTT DOCOMO collaborated with DeNA Co., Ltd. to enhancethe safety of self-driving vehicles using remote monitoring and passengerassistance. In the trial, a vehicle and a remote center would be connected viaa 5G network that boasts of ultra-high-speed data rates beyond 10Gbps, excesscapacity, extra-low latency, and massive connectivity, compared to the existingmobile communication systems.
CiscoSystems is another important vendor, who offers services and technologies forthe network slicing market. The company offers a comprehensive set of 5G coresolutions, including Cisco’s Ultra Services Platform, which consists of Controland User Plane Separation (CUPS) for network slicing, virtualization, andend-to-end automation. Virtualization includes NFV and Software-DefinedNetworking (SDN), which enhance the data center virtualization, therebyincreasing the resource flexibility and utilization, and reducing theinfrastructure and overhead costs.
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