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

Network Slicing Market size was valued at USD 716.4 Million in 2023 and is poised to grow from USD 1079.61 Million in 2024 to USD 28719.46 Million by 2032, growing at a CAGR of 50.7% during the forecast period (2025-2032).

As the adoption of Internet of Things (IoT) solutions rises, it is predicted to boost the network slicing market growth. The growth will increase owing to the advent of new-age technologies such as AI, VR, and a much stronger M2M connection. In addition to that, increasing cloud services usage will also be responsible for the boom in this industry. Various industries are currently leveraging up the rising 5G network slicing deployments, including BFSI, healthcare, retail, and e-commerce. In addition, it supports straightforward service management and utilization, thus optimizing ROI. More importantly, it empowers businesses and organizations to evolve their networks rapidly yet cost-effectively according to specific requirements under the purview of a service level agreement. Network slices based on some services, applications, or user groups can be built through the help of network functions management or NFV, SDN, analytics, orchestration, and automation. For each slice, the architecture, security, and administration are different and are meant for a specific use case. It can comprise several network domains like core, transport, and access, set up across different operators. The three biggest use cases include massive machine-type communications, ultra-reliable low-latency connectivity, and improved mobile broadband. This definition requires MNOs to have mobile edge computing capacity while generating less traffic as they will be enabling video-centric apps.