The Asia Pacific Network Slicing Market would witness market growth of 51.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Network Slicing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,557.2 million by 2031. The Japan market is exhibiting a CAGR of 50.3% during (2024 - 2031). Additionally, The India market would experience witness a CAGR of 52.2% during (2024 - 2031).
The flexibility of network slicing enables operators to allocate resources dynamically based on demand, prioritize traffic, and optimize performance for specific use cases. For example, a network slice dedicated to autonomous vehicles may prioritize low-latency communication for real-time data exchange, while a slice for IoT devices may prioritize scalability and efficient resource use.
It offers numerous benefits, including improved resource utilization, enhanced service quality, increased network efficiency, and support for various use cases across industries such as healthcare, manufacturing, transportation, and more. It is considered a key enabler of digital transformation, paving the way for innovative applications and services in the era of 5G connectivity.
India, the second-largest telecommunications sector in the world, is also driving the growth of the market in the Asia Pacific region. With more than 1.14 billion subscribers, India's telecommunications sector is experiencing rapid growth. The recent 5G spectrum auction in August 2022, which concluded with 71% of the total available spectrum being sold, further indicates India's commitment to advancing its telecommunications infrastructure. Hence, the Asia Pacific region is witnessing a surge in the market, fueled by advancements in 5G deployment and adoption across countries like Australia, China, and India.
Based on Application, the market is segmented into Solution, and Services. Based on End-user, the market is segmented into Communication Service Providers, and Enterprises. Based on Vertical, the market is segmented into Healthcare, Transportation & Logistics, Energy & Utilities, Manufacturing, Media & Entertainment, Financial Services, Retail, Government, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Network Slicing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,557.2 million by 2031. The Japan market is exhibiting a CAGR of 50.3% during (2024 - 2031). Additionally, The India market would experience witness a CAGR of 52.2% during (2024 - 2031).
The flexibility of network slicing enables operators to allocate resources dynamically based on demand, prioritize traffic, and optimize performance for specific use cases. For example, a network slice dedicated to autonomous vehicles may prioritize low-latency communication for real-time data exchange, while a slice for IoT devices may prioritize scalability and efficient resource use.
It offers numerous benefits, including improved resource utilization, enhanced service quality, increased network efficiency, and support for various use cases across industries such as healthcare, manufacturing, transportation, and more. It is considered a key enabler of digital transformation, paving the way for innovative applications and services in the era of 5G connectivity.
India, the second-largest telecommunications sector in the world, is also driving the growth of the market in the Asia Pacific region. With more than 1.14 billion subscribers, India's telecommunications sector is experiencing rapid growth. The recent 5G spectrum auction in August 2022, which concluded with 71% of the total available spectrum being sold, further indicates India's commitment to advancing its telecommunications infrastructure. Hence, the Asia Pacific region is witnessing a surge in the market, fueled by advancements in 5G deployment and adoption across countries like Australia, China, and India.
Based on Application, the market is segmented into Solution, and Services. Based on End-user, the market is segmented into Communication Service Providers, and Enterprises. Based on Vertical, the market is segmented into Healthcare, Transportation & Logistics, Energy & Utilities, Manufacturing, Media & Entertainment, Financial Services, Retail, Government, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Ericsson AB
- Samsung Electronics Co., Ltd. (Samsung Group)
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Intel Corporation
- VMware, Inc. (Broadcom Inc.)
- BT Group plc
Market Report Segmentation
By Application- Solution
- Services
- Communication Service Providers
- Enterprises
- Healthcare
- Transportation & Logistics
- Energy & Utilities
- Manufacturing
- Media & Entertainment
- Financial Services
- Retail
- Government
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Network Slicing Market by Offering
Chapter 6. Asia Pacific Network Slicing Market by End-user
Chapter 7. Asia Pacific Network Slicing Market by Vertical
Chapter 8. Asia Pacific Network Slicing Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Ericsson AB
- Samsung Electronics Co., Ltd. (Samsung Group)
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Intel Corporation
- VMware, Inc. (Broadcom Inc.)
- BT Group plc
Methodology
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