5G Slicing Professional services Market Size (2024 – 2030)

The Global 5G Slicing Professional Services Market was valued at USD 297.73 million in 2023 and is projected to reach a market size of USD 3640.62 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 43%.

The 5G slicing professional services market refers to the sector within the telecommunications industry that focuses on providing specialized consulting, planning, deployment, optimization, and support services to facilitate the implementation and management of 5G network slicing solutions. This includes creating virtualized and isolated slices of the 5G network to meet specific performance, latency, security, and bandwidth requirements for diverse applications and industries. This enables efficient and customized use of 5G technology. Top of FormThe 5G Slicing Professional Services Market is expected to grow significantly in the coming years due to increasing demand for customized network solutions, the proliferation of diverse 5G use cases, the need for enhanced network efficiency and resource optimization, and accelerating industry digital transformation. The major well-established key players in the 5G Slicing Professional Services Market are Ericsson, Nokia, Huawei, Cisco Systems, and Samsung.

Key Market Insights:

Demand for Customized Services, Emerging 5G Use Cases, Network Efficiency and Resource Optimization, Industry Digital Transformation, Enhanced Quality of Service (QoS), Support for Mission-Critical Applications, Regulatory Initiatives and Standards Compliance, Competition, and Market Differentiation are propelling the 5G Slicing Professional Services Market. The restraints to the 5G Slicing Professional services Market include High initial investment, Complexity of implementation, Regulatory and compliance challenges, Limited spectrum availability, and Security concerns. Ongoing advancements in technology have led to the development of more 5G Slicing Professional Services. North America occupies the highest share of the 5G Slicing Professional Services Market. Asia-Pacific is the fastest-growing segment during the forecast period.

5G Slicing Professional Services Market Drivers:

Diverse 5G Use Cases and Industry Applications drive the demand for 5G Slicing Professional Services Market

The proliferation of diverse 5G use cases across various industries fuels the demand for professional services. This enables the customization of network resources to cater to specific application requirements, such as enhanced mobile broadband (eMBB), ultra-reliable low-latency communications (URLLC), and massive machine-type communications (mMTC). The diversity in use cases, ranging from IoT applications and smart manufacturing to autonomous vehicles and augmented reality, necessitates specialized expertise in planning, designing, and implementing tailored network slices. Professional services providers guide organizations through the complex process of adapting 5G slicing. This meets the unique demands of each industry, driving the market's growth.

Industry Digital Transformation Initiatives are propelling the 5G Slicing Professional Services Market

The ongoing digital transformation initiatives across industries such as healthcare, manufacturing, and smart cities are increasingly integrating advanced technologies and relying on robust, high-performance networks to achieve their digital objectives. This accelerates the adoption of 5G slicing professional services. Professional services providers are partners in facilitating the integration of 5G slicing into existing infrastructure, ensuring seamless connectivity, security, and optimization. Industries embark on digital transformation journeys, and the demand for expert services to implement and manage 5G slicing solutions is on the rise.

5G Slicing Professional Services Market Restraints and Challenges

The major challenge faced by the 5G Slicing Professional Services Market is the high initial investment. The deployment of 5G slicing infrastructure requires high upfront investment in hardware, software, and skilled personnel. This acts as a restraint, particularly for smaller operators or enterprises. The other restraints to the 5G Slicing Professional services Market include the complexity of implementation, Regulatory and compliance challenges, Limited spectrum availability, and Security concerns.

5G Slicing Professional Services Market Opportunities:

The 5G Slicing Professional Services Market has various opportunities in the market. Opportunities lie in providing industry-specific solutions. Developing tailored slicing solutions for verticals like healthcare, manufacturing, and smart cities. Innovation in service offerings provides advanced services like network slicing as a service (NSaaS) or edge computing integration. International expansion capitalizes on global demand by expanding services to new geographic regions. Collaborating with technology providers and industry partners to enhance service offerings and address market needs also presents significant opportunities. Other Opportunities in the 5G Slicing Professional Services Market include offering specialized training programs to upskill professionals and meet the growing demand for expertise in 5G slicing.

 5G SLICING PROFESSIONAL SERVICES MARKET REPORT COVERAGE:

5G Slicing Professional Services Market Segmentation: By Service Type

• Consulting Services

• Planning and Design Services

• Deployment Services

• Optimization Services

• Security Services

• Training and Support Services

In 2023, based on market segmentation by Service Type, Consulting services occupy the highest share of the 5G Slicing Professional Services Market. Consulting services serve as the entry point for businesses seeking to adopt 5G slicing. Companies need expert guidance to understand the 5G slicing technology, assess their needs, and formulate an effective strategy for implementation. Consulting firms provide insights, recommendations, and roadmaps for clients.

However, Deployment Services is the fastest-growing segment during the forecast period and is projected to grow at a CAGR of 10%. There is rapid expansion of 5G networks and the deployment of network slicing is becoming more prevalent. There will be a surge in demand for services related to implementing and integrating slicing solutions into existing infrastructure. Deployment services play a crucial role in ensuring the smooth and efficient rollout of 5G slicing.

5G Slicing Professional Services Market Segmentation: By Type of Slice

• eMBB Slices

• URLLC Slices

• mMTC Slices

• Customized Slices for Specific Applications

In 2023, based on market segmentation by Type of Slice, the eMBB Slices segment occupies the highest share of the 5G Slicing Professional Services Market. This is mainly due to the ubiquitous demand for high-speed data services. eMBB slices target a broad consumer base, including individual users, households, and small to large enterprises. eMBB Slices aligns with the traditional focus of telecommunications operators.

However, Customized Slices for Specific Applications are the fastest-growing segment during the forecast period. Industries have specialized and evolving requirements. Customized slices offer value-added differentiation for service providers, enabling them to address niche markets.

5G Slicing Professional Services Market Segmentation: By End-User Industry

• Telecommunications

• Healthcare

• Manufacturing

• Automotive

• Smart Cities

• Energy and Utilities

• Media and Entertainment

• Retail and E-commerce

• Financial Services

• Government and Public Sector

• Others

In 2023, based on market segmentation by the End-User Industry, the Telecommunications segment occupies the highest share of the 5G Slicing Professional Services Market. This is mainly due to its early adopter advantage and core focus. Telecommunications services have a broad consumer base, ranging from individual consumers to large enterprises.

However, Healthcare is the fastest-growing segment during the forecast period. This growth is driven by rapid digital transformation and increasing demand for enhanced connectivity. The healthcare sector is undergoing rapid digital transformation, with increasing adoption of telemedicine, remote patient monitoring, and connected medical devices.

5G Slicing Professional Services Market Segmentation: Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

In 2023, based on market segmentation by region, North America occupies the highest share of the 5G Slicing Professional Services Market. This growth is due to the high demand for advanced connectivity solutions, robust digital ecosystem, presence of leading technology companies, and supportive regulatory environment North America is a developed region with advanced telecommunications infrastructure, strong technological innovation, and early investments in 5G deployment.

However, Asia-Pacific is the fastest-growing segment during the forecast period. This is mainly due to the rapid digital transformation, burgeoning adoption of 5G technology, and increasing investments in telecommunications infrastructure. The large population base, rising smartphone penetration, growing demand for high-speed data services, government initiatives to promote 5G deployment, and the emergence of innovative use cases also contribute to the growth in this region.

COVID-19 Impact Analysis on the Global 5G Slicing Professional Services Market :

The COVID-19 pandemic had a significant impact on the 5G Slicing Professional Services Market. There were lockdowns and safety restrictions. The pandemic disrupted global supply chains. This caused delays in the deployment of 5G infrastructure components such as equipment, devices, and software. Businesses relied more heavily on working from home. The pandemic accelerated the adoption of remote work, e-learning, telemedicine, and other digital services. This leads to the increased demand for high-speed, reliable connectivity provided by 5G networks. Thus, the pandemic accelerated certain trends in the 5G Slicing Professional Services Market.

Latest Trends/ Developments:

One of the developments, in the 5G Slicing Professional services Market is the rise in integration of edge computing capabilities with 5G slicing solutions to enable low-latency and high-bandwidth applications at the network edge, such as augmented reality (AR), virtual reality (VR), and real-time analytics. Artificial intelligence (AI) and machine learning (ML) techniques are increasingly utilized for dynamic network optimization, traffic management, and resource allocation within 5G slices. This enables efficient utilization of network resources and improved quality of service (QoS). Automation and orchestration technologies are increasingly utilized to streamline the management and operation of 5G network slices. This improves efficiency, scalability, and agility in deploying slicing solutions.

Key Players:

1. Ericsson

2. Nokia

3. Huawei

4. Cisco Systems

5. IBM

6. Samsung

7. ZTE Corporation

8. NEC Corporation

9. Mavenir

10. VMware

Market News:

• In January 2024, Casa Systems introduced its groundbreaking AurusXT 5G Industrial IoT Router Series, featuring the world's first dynamic slicing support. The NTC-500 5G IIoT router, the inaugural product in the lineup, leverages 5G Dynamic Network Slicing technology to unlock new revenue streams for carriers and provide a cost-efficient upgrade path from 3G or 4G technologies, ensuring fast and reliable connections for machines, equipment, and vehicles.

• In February 2023, NEXCOM and Connect 5G partnered to deploy cost-effective fixed wireless networks using Arm-based white boxes and Opus Magma AGW stack. This collaboration targets rural areas, aiming to overcome barriers to building wireless infrastructure by offering affordable solutions. Connect 5G's certification ensures high performance and reliability, enabling regional operators to provide quality services.