Network slicing revenues to grow over 100 times by 2029
Summary
After 2024 5G network slicing growth will take off first in leading economies of North America, Europe and Asia Pacific, including China, while developing countries, especially in Sub Saharan Africa, will pick up towards the end of the decade. Some more bullish forecasts have attributed all future revenues earned by 5G networks to slicing, which makes no sense because most of those would have been accrued anyway. The RAN Research report is careful to identify where revenues will be generated directly by 5G network slicing, examining the impact on six leading vertical industry sectors, as well as the different geographies. The report found that manufacturing will generate the biggest network slicing revenues by 2029 at 19% of the total, with energy/utilities and healthcare joint second on 15% each. The report also discusses the balance and tension between private 5G networks and slicing, since these are alternative ways of satisfying growing demand for ring fenced enterprise connectivity, delivering security and guaranteed performance.