The network slicing market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. The major forces driving the growth of the network slicing market include the increasing demand for broadband services over mobile networks, virtualization of networks, significant growth in the mobile data traffic volumes, and the rising demand for high-speed and large network coverage. Moreover, the rising adoption rate of Internet of Things connected devices and agile networks are also expected to drive the market growth.
The network slicing market is segmented by component, by application, by the end-user industry, and by geography.