Network slicing is a procedure of generating the multiple unique virtualized and logical networks over a common multi-domain infrastructure. With the optimization of network functions virtualization (NFV), software-defined networking (SDN), orchestration, automation, and analytics, mobile network operators can speedily create network slices to assistance a specific application, set of users, service, or network. The usage of network slicing allows single network to offer countless services based on the requirements of the user as well as several use cases. Also, it support network operators to deduct operating expenses (OPEX) and capital expenditure (CAPEX) along with the advanced operational efficiency and time to market for the delivery of network services.
5G networks, in amalgamation with network slicing, enable business consumers to enjoy connectivity and data processing that are tailored to the precise business requirements and adhere to a Service Level Agreement (SLA) as arranged with the mobile operator. Customizable network abilities include data speed, latency, quality, security, and services. Thus as requirement for high-speed network coverage is progressing, it will open fresh avenues for the market.
According to the report analysis, ‘Europe 5G Network Slicing Market 2020-2030 by Offering, Spectrum Band, Industry Vertical, End User, and Country: Trend Forecast and Growth Opportunity’ states that Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corporation, Nokia Corporation, NTT DOCOMO Inc., Samsung Electronics Co. Ltd., SK Telecom Co. Ltd., Telefonaktiebolaget LM Ericsson, Telefonica SA., ZTE Corporation and several others are the foremost companies which recently operating in Europe 5G network slicing market during the present era more proficiently for leading the highest market growth and registering the great value of market share around the globe while establishing the several research and development programs, increasing the applications and specifications of such, delivering the better consumer satisfaction, decreasing the associated prices of such, analysing the strategies and policies of the government as well as corporate, implementing the policies of profit making and enlargements, spreading the awareness connected to the applications of such, employing the young and active personnel, and improving the qualitative and quantitative measures of such.
The 5G network slicing market is obtaining traction owing to the evolution of cellular network technology which has proposed higher data speeds and lower latency. The speedy rise in the volume of data being approved by cellular networks has been propelled largely by consumer requirement for video, and the shift of business toward the use of cloud services. There are noteworthy growth opportunities for 5G Network Slicing vendors. The commercialization of 5G services and accessibility of unlicensed and shared spectrum in the globe are projected to shape the future of the 5G Network Slicing market.
The organized players in the Europe 5G network slicing are effectively accepting the strategies of enlargement such as partnership, new product development, joint venture, merger and acquisition, amalgamation and many more for obtaining the competitive edge and generating the high percentage of revenue. Therefore, in the near years, it is predicted that the market of 5G network slicing will increase around the globe more proficiently over the upcoming duration.
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Ankur Gupta, Head Marketing & Communications