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 to USD 302.2Million by 2022, at a Compound Annual Growth Rate (CAGR) of 21.9%.
There areseveral established players in the network slicing market, such as Ericsson(Sweden), Huawei (China), Nokia (Finland), Intel (US), Cisco (US), ZTE (China),SK Telecom (South Korea), Affirmed Networks (US), Deutsche Telekom (Germany),Telefónica (Spain), Samsung Electronics (South Korea), NTT DOCOMO (Japan), AriaNetworks (UK), Argela (Turkey), and Mavenir (US). These leading players haveadopted various strategies, such as partnerships, collaborations, agreements,mergers and acquisitions, and new product developments, to achieve growth inthe global network slicing market.
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Ericssonoffers virtual network services, which address the networking requirements ofthe operators. These virtual network services are used as network slices toserve various application areas on a single physical path. The network sliceshelp operators improve the network the efficiency, reduce the latency, andenhance the speed, thereby improving the overall cost-efficiency. Moreover,these services are instrumental in providing C-RAN solution, which helpsoperators utilize Network Functions Virtualization (NFV), along with providingdata center processing proficiencies in their network. The services providevarious benefits, which include layer interworking, scalability, resourcepooling, and spectral efficiency. The company has been competently expandingits business lines by undertaking efficient organic strategies. For instance,in September 2017, Ericsson partnered with Intel, a multinational companyproviding technology and networking, and communication platforms for commercialclients. Under this partnership, a 5G field test was conducted using Intel’s 5GMobile Trial platform and Ericsson’s 5G radio technologies.
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-Defined Networking(SDN), which enhance the data center virtualization, thereby increasing theresource flexibility and utilization, and reducing the infrastructure andoverhead costs.
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