Leverage 5G network slicing market capabilities to deliver dynamic slicing with differentiated pricing as a cornerstone for future growth
DUBLIN, August 26, 2022 /PRNewswire/ — Report “5G Network Slicing Market by Infrastructure, Spectrum Band, Segment, Industry Vertical, Application and Services 2022 – 2027” has been added to from ResearchAndMarkets.com offer.
Select report results:
- 5G network slicing market will reach $4.9 billion worldwide by 2027
- Global 5G cutting professional services will reach $324.7 million by 2027
- North America will lead the 5G slicing market followed by Asia Pacific and Europe
- Network slicing management will reach $22.7 million by 2027 in North America
- Enterprises will dominate the market, but small organizations will grow 50% faster than large enterprises
- Collaboration between system integrators, vendors and operators is key to the long-term success of 5G network slicing
- Major operators will work diligently to extend trust and build relationships with vertical partners to optimize 5G solutions
- Key market segment, private wireless networks will require substantial vertical engagement to ensure 5G slicing meets their needs
- There is a pressing need for service providers of all types (carrier, managed service, business user) to coordinate with application providers
As networks become more and more complex, we see service providers taking a more intent-based network approach to network management. As a result, major carriers are incorporating various forms of network optimization such as network slicing into their OSS/BSS capabilities. This will be particularly important with 5G, as the use cases for future applications and services are many and varied in type, industry vertical orientation, and requirements.
5G network slicing enables a highly programmable multi-service architecture, which consists of three layers (1) service instance layer, (2) network slice instance layer, and (3) resource layer. An important component of the architecture is the Slice Selection Function (SSF), which manages device attach requests and new service establishments.
Standalone 5G, the foundation on which network slicing is built, will allow gaming services to get the right end-to-end (E2E) performance unlike 4G or Wi-Fi. innovation of new business models and new use cases across all verticals, and creates new revenue opportunities for communications service providers. It provides service flexibility and the ability to deliver services faster with high security, isolation, and enforceable features to meet the service level agreement.
The SSF selects an optimal slice based on user information, device type, and capabilities. This supports one of the important goals of radio access management, which is to support configuration rules for each slice. 5G network slicing also helps to logically separate core networks in terms of connectivity and network capabilities. The separation of control plane and user plane is a key aspect of the 5G network slicing market, allowing resources to be scaled independently.
One of the opportunities for operators is to leverage the 5G network slicing for new business development through expanded capabilities for Virtual Network Operators (VNOs). Since 5G network slicing allows multiple logical networks to act operationally independently, a VNO could support many different types of customers, including consumers, enterprises, and industrial enterprises. A network slice can be completely different for a consumer using an eMBB application compared to an industrial URLLC application. For example, 5G network slicing helps isolate bandwidth, processing, storage, and traffic. This allows resources to be allocated for QoS-specific needs.
Perhaps one of the most promising areas for operators is to leverage the capabilities of the 5G network slicing market to offer dynamic slicing with tiered pricing based on customer needs and resource availability. Factors to consider for each slice allocation include bandwidth availability, latency support, and overall network elasticity to accommodate customer needs. Other factors that determine value and cost to the customer include network homogeneity, connection density, and connection type.
Service providers must consider use case-specific requirements and parameters, which at the highest level are broken down into three distinct 5G service categories as follows:
- Enhanced Mobile Broadband (eMBB): Broadband-based mobile applications including video viewing, browsing, mobile office/productivity, and cloud-based gaming.
- Ultra-reliable low latency communications (URLLC): augmented reality, virtual reality, telepresence (including holographic calls), teleoperation/tele-robotics, autonomous vehicles, UAV/drone operation, public safety, smart buildings and other applications latency sensitive
- Massive Machine-Type Communications (mMTC): 5G will facilitate a highly scalable M2M network for many IoT applications, especially those that do not require high bandwidth.
Main topics covered:
3 5G network capabilities and requirements
4 5G Network Slicing Market Dynamics
5 Use Cases of the 5G Network Slicing Market
6 5G Network Slicing Market Analysis and Forecast
7 5G Network Slicing Company Analysis
8 Conclusions and recommendations
9 Appendix: Edge Computing
- Cisco Systems, Inc.
- Deutsche Telekom AG
- Telefonica SA
For more information about this report visit https://www.researchandmarkets.com/r/kz14ek
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