Security News > 2021 > March > 5G slicing will generate $20 billion in revenue

5G slicing is a crucial enabler of new business models and a key concept to empower the potential of 5G. Communications Service Providers can slice their network assets using different criteria such as mobility, security, or traffic types.

A full slicing mechanism is expected by 2024, at which point 5G slicing will generate $20 billion in revenue, finds global tech market advisory firm ABI Research.

A full 5G slicing mechanism will involve interworking with a plethora of existing systems and interconnection among multiple vendors.

Ultimately, widespread deployment of 5G slicing requires that the industry realign traditional ways of doing business to include knowledge of the enterprise environment.

On the commercial front, work remains to be done for the industry to collectively identify 5G slicing business models to be adopted.

"5G slicing is a journey for the industry. The foundation for basic use cases has already been established. For example, same vendor 5G slicing and campus/LAN deployments are expected to be commercialized in the next couple of years. Multi-vendor implementations and WAN type deployments are more challenging. These capabilities will potentially be brought to market starting in 2023 and beyond, with a proliferation of 5G standalone core deployments, investment in edge computing to develop low-latency use cases, and further industry consensus on how terminals can support network slicing," Alusha concludes.

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