According to a report by Research and Markets, 5G network slicing revenue in the Asia Pacific (APAC) region is projected to grow from $2.88 billion in 2021 to $9.99 billion in 2025. This represents a compound annual growth rate (CAGR) of 36.4 per cent.
The report predicts that factors such as increasing demand for mobile network coverage, complying with public safety regulations, growing digital transformations, and rising smart internet of things (IoT) platforms will drive the market growth.
The majority of mobile operators are planning to implement 5G network slicing by 2022, with commercialisation from 2023. Slice-as-a-service (SlaaS), slated as a top revenue generator for mobile operators, is expected by 2025.
The report further states that with 5G network slicing, mobile operators can create new markets, especially in viable verticals for 5G including manufacturing, healthcare, automotive, and transportation. The contribution from these verticals will grow from 27 per cent in 2021 to 54 per cent in 2025. The healthcare industry, followed by the manufacturing industry are top verticals for 5G network slicing. In business solutions, 5G network slicing is expected to play a critical role in transforming the enterprise networking solutions market, with the biggest impact expected in unified communications-as-a-service (UCaaS) and SD-WAN, with results expected in the next 5-10 years.
