Network slicing market to reach $1,284 million by 2025

2020-12-03 04:00

The global network slicing market size is projected to grow from $161 million in 2020 to $1,284 million by 2025, at a Compound Annual Growth Rate of 51.5% during the forecast period, according to MarketsandMarkets.

The network slicing market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency.

Services are considered an important component of the network slicing market, as they majorly focus on improving the business processes and optimizing the enterprise's network.

Services are considered as the backbone of network slicing, as they are instrumental in fulfilling the clients' requirements, such as network testing, planning and optimization, support and maintenance, and consulting.

North America region to record the highest market share in 2020.

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