Network Slicing Market Size, Share, Growth Analysis, By Component, By End User, By Application, By Region - Industry Forecast 2025-2032

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.

However, Asia-Pacific is expected to grow substantially over the projection period at a CAGR of 54.4%. The large and spread-out client bases in China and India are driving the requirements for network slicing solutions and services. This expansion mainly traces back to the rising growth in IoT infrastructure and technology, and the increased adoption of solutions in sectors such as manufacturing, financial services, healthcare, and government. In addition, the untapped potential of the domain is further offering new opportunities for regional communication service providers to invest. Further, many companies expand in the APAC region. In effect, this leads to many consumers and internet users, ensuring potential opportunities for the local industry.