Network Slicing Market Size

Network Slicing Market size was valued at USD 716.4 Million in 2023 and is poised to grow from USD 1079.61 Million in 2024 to USD 28719.46 Million by 2032, growing at a CAGR of 50.7% during the forecast period (2025-2032).

The market is highly fragmented and can be witnessed to witness increased rivalry over the next coming years, due to the high presence of several firms. To outperform its competitors and obtain a greater network size, businesses are also collaborating with telecom providers, advertising, and local and regional companies as well. Network slicing market players are taking on multiple strategic moves and innovations toward achieving a significant revenue share. 'Nokia (Finland) ', 'Ericsson (Sweden) ', 'Huawei (China) ', 'ZTE (China) ', 'Samsung (South Korea) ', 'Blue Planet (United States) ', 'Parallel Wireless (United States) ', 'Affirmed Networks (United States) ', 'Mavenir (United States) ', 'Argela (Turkey) ', 'Cisco (United States) ', 'HPE (United States) ', 'Tambora Systems (Singapore) ', 'AMDOCS (United States) ', 'Aria Networks (United Kingdom) ', 'Intel (United States) ', 'Qualcomm (United States) ', 'Broadcom (United States) ', 'Juniper Networks (United States) ', 'VMware (United States)'

One of the most significant drivers for network slicing is the fast rise of adoption of 5G technologies across industry verticals. Network slicing will allow the operators to prepare special, efficient sections of networks that correspond to the specific needs because 5G will bring more speed and lower latency together with greater capacity. Low-latency connectivity is highly demanded in sectors such as driverless cars, smart cities, and industrial Internet of things applications.

Automation and AI in Network Slicing: One of the major network slicing market trends includes dependency of network slicing on ML and AI. They can enable automatic slicing, optimization and real-time monitoring of slices along the network so that the resource usage from a service provider can be made dynamic. With AI-based solutions where patterns of traffic can be predicted, bandwidth usage optimized and potential faults detected, human intervention can be minimized, and networks can respond more swiftly and effectively.

North America led the network slicing industry in 2022. This is due to the fact that the region has been witnessing an increasing number of internet users, expanding availability of internet services, and growing smartphone penetration. The regional sector is catalyzed by the major firms, including Cisco System Inc., Mavenir Systems, Inc., and Intel Corporation, among others, which has increased the growth of the market. Expansion is thus spurred by many companies in this sector developing innovative solutions for providing end-to-end efficient network service management and usage. Consequently, the market is expanding because of factors such as encouraging the public rollout of 5G by various businesses, increasing investment, and encouraging early adoption of advanced technologies because of high levels of digital end-user engagement.