The North America Network Slicing Market would witness market growth of 49.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Network Slicing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,713.6 million by 2031. The Canada market is showcasing a CAGR of 52.6% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 51.2% during (2024 - 2031).
The data speed offered by 5G technology plays a crucial role in boosting the market by enabling new use cases, improving user experiences, optimizing resource allocation, and creating monetization opportunities for operators. The anticipated proliferation of 5G networks will generate substantial demand for network slicing solutions, thereby stimulating market expansion and fostering innovation within the telecommunications sector.
The market stands at the forefront of innovation, poised to revolutionize the telecommunications landscape with its transformative capabilities. At its core, it represents a paradigm shift in the way networks are architected, managed, and utilized, offering unprecedented levels of flexibility, customization, and efficiency. As industries undergo rapid digital transformation and embrace emerging technologies such as 5G, cloud computing, and IoT, the demand for agile and adaptable networking solutions has never been greater. The network slicing approach allows for isolating and customizing network resources, ensuring that each slice can be optimized to meet the diverse requirements of different services and applications.
The increasing adoption of telemedicine also contributes to the demand for network slicing technology in North America. According to the Centers for Disease Control and Prevention (CDC), 37.0% of adults aged 18 and over used telemedicine in 2021, increasing usage with age. This trend is expected to continue as telemedicine becomes more widely accepted and integrated into healthcare systems, highlighting the need for reliable, high-performance networks to support these services. Thus, the combination of a strong technology sector, a growing IT industry, and increasing adoption of telemedicine is driving the demand for network slicing technology in North America.
Free Valuable Insights: The Network Slicing Market is Predict to reach USD 19 Billion by 2031, at a CAGR of 50.2%
Based on Offering, the market is segmented into Solution, and Services. Based on End-user, the market is segmented into Communication Service Providers, and Enterprises. Based on Vertical, the market is segmented into Healthcare, Transportation & Logistics, Energy & Utilities, Manufacturing, Media & Entertainment, Financial Services, Retail, Government, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Ericsson AB
- Samsung Electronics Co., Ltd. (Samsung Group)
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Intel Corporation
- VMware, Inc. (Broadcom Inc.)
- BT Group plc
North America Network Slicing Market Report Segmentation
By Offering
By End-user
- Communication Service Providers
- Enterprises
By Vertical
- Healthcare
- Transportation & Logistics
- Energy & Utilities
- Manufacturing
- Media & Entertainment
- Financial Services
- Retail
- Government
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Network Slicing Market, by Offering
1.4.2 North America Network Slicing Market, by End-user
1.4.3 North America Network Slicing Market, by Vertical
1.4.4 North America Network Slicing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jul – 2024, Feb) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Network Slicing Market by Offering
5.1 North America Solution Market by Region
5.2 North America Services Market by Region
Chapter 6. North America Network Slicing Market by End-user
6.1 North America Communication Service Providers Market by Country
6.2 North America Enterprises Market by Country
Chapter 7. North America Network Slicing Market by Vertical
7.1 North America Healthcare Market by Country
7.2 North America Transportation & Logistics Market by Country
7.3 North America Energy & Utilities Market by Country
7.4 North America Manufacturing Market by Country
7.5 North America Media & Entertainment Market by Country
7.6 North America Financial Services Market by Country
7.7 North America Retail Market by Country
7.8 North America Government Market by Country
7.9 North America Others Market by Country
Chapter 8. North America Network Slicing Market by Country
8.1 US Network Slicing Market
8.1.1 US Network Slicing Market by Offering
8.1.2 US Network Slicing Market by End-user
8.1.3 US Network Slicing Market by Vertical
8.2 Canada Network Slicing Market
8.2.1 Canada Network Slicing Market by Offering
8.2.2 Canada Network Slicing Market by End-user
8.2.3 Canada Network Slicing Market by Vertical
8.3 Mexico Network Slicing Market
8.3.1 Mexico Network Slicing Market by Offering
8.3.2 Mexico Network Slicing Market by End-user
8.3.3 Mexico Network Slicing Market by Vertical
8.4 Rest of North America Network Slicing Market
8.4.1 Rest of North America Network Slicing Market by Offering
8.4.2 Rest of North America Network Slicing Market by End-user
8.4.3 Rest of North America Network Slicing Market by Vertical
Chapter 9. Company Profiles
9.1 Ericsson AB
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 Samsung Electronics Co., Ltd. (Samsung Group)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.5 SWOT Analysis
9.3 Nokia Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 ZTE Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Cisco Systems, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Hewlett Packard Enterprise Company
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Intel Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 VMware, Inc. (Broadcom Inc.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 SWOT Analysis
9.10. BT Group plc
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis
TABLE 1 North America Network Slicing Market, 2020 - 2023, USD Million
TABLE 2 North America Network Slicing Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Network Slicing Market
TABLE 4 Acquisition and Mergers– Network Slicing Market
TABLE 5 North America Network Slicing Market by Offering, 2020 - 2023, USD Million
TABLE 6 North America Network Slicing Market by Offering, 2024 - 2031, USD Million
TABLE 7 North America Solution Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Solution Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 10 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 11 North America Network Slicing Market by End-user, 2020 - 2023, USD Million
TABLE 12 North America Network Slicing Market by End-user, 2024 - 2031, USD Million
TABLE 13 North America Communication Service Providers Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Communication Service Providers Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Network Slicing Market by Vertical, 2020 - 2023, USD Million
TABLE 18 North America Network Slicing Market by Vertical, 2024 - 2031, USD Million
TABLE 19 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Transportation & Logistics Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Transportation & Logistics Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Energy & Utilities Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Energy & Utilities Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Financial Services Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Financial Services Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Retail Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Retail Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Government Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Government Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Network Slicing Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Network Slicing Market by Country, 2024 - 2031, USD Million
TABLE 39 US Network Slicing Market, 2020 - 2023, USD Million
TABLE 40 US Network Slicing Market, 2024 - 2031, USD Million
TABLE 41 US Network Slicing Market by Offering, 2020 - 2023, USD Million
TABLE 42 US Network Slicing Market by Offering, 2024 - 2031, USD Million
TABLE 43 US Network Slicing Market by End-user, 2020 - 2023, USD Million
TABLE 44 US Network Slicing Market by End-user, 2024 - 2031, USD Million
TABLE 45 US Network Slicing Market by Vertical, 2020 - 2023, USD Million
TABLE 46 US Network Slicing Market by Vertical, 2024 - 2031, USD Million
TABLE 47 Canada Network Slicing Market, 2020 - 2023, USD Million
TABLE 48 Canada Network Slicing Market, 2024 - 2031, USD Million
TABLE 49 Canada Network Slicing Market by Offering, 2020 - 2023, USD Million
TABLE 50 Canada Network Slicing Market by Offering, 2024 - 2031, USD Million
TABLE 51 Canada Network Slicing Market by End-user, 2020 - 2023, USD Million
TABLE 52 Canada Network Slicing Market by End-user, 2024 - 2031, USD Million
TABLE 53 Canada Network Slicing Market by Vertical, 2020 - 2023, USD Million
TABLE 54 Canada Network Slicing Market by Vertical, 2024 - 2031, USD Million
TABLE 55 Mexico Network Slicing Market, 2020 - 2023, USD Million
TABLE 56 Mexico Network Slicing Market, 2024 - 2031, USD Million
TABLE 57 Mexico Network Slicing Market by Offering, 2020 - 2023, USD Million
TABLE 58 Mexico Network Slicing Market by Offering, 2024 - 2031, USD Million
TABLE 59 Mexico Network Slicing Market by End-user, 2020 - 2023, USD Million
TABLE 60 Mexico Network Slicing Market by End-user, 2024 - 2031, USD Million
TABLE 61 Mexico Network Slicing Market by Vertical, 2020 - 2023, USD Million
TABLE 62 Mexico Network Slicing Market by Vertical, 2024 - 2031, USD Million
TABLE 63 Rest of North America Network Slicing Market, 2020 - 2023, USD Million
TABLE 64 Rest of North America Network Slicing Market, 2024 - 2031, USD Million
TABLE 65 Rest of North America Network Slicing Market by Offering, 2020 - 2023, USD Million
TABLE 66 Rest of North America Network Slicing Market by Offering, 2024 - 2031, USD Million
TABLE 67 Rest of North America Network Slicing Market by End-user, 2020 - 2023, USD Million
TABLE 68 Rest of North America Network Slicing Market by End-user, 2024 - 2031, USD Million
TABLE 69 Rest of North America Network Slicing Market by Vertical, 2020 - 2023, USD Million
TABLE 70 Rest of North America Network Slicing Market by Vertical, 2024 - 2031, USD Million
TABLE 71 key information – Ericsson AB
TABLE 72 Key Information – Samsung Electronics Co., Ltd.
TABLE 73 Key Information – Nokia Corporation
TABLE 74 Key Information – Huawei Technologies Co., Ltd.
TABLE 75 Key Information – ZTE Corporation
TABLE 76 Key Information – Cisco Systems, Inc.
TABLE 77 Key Information – Hewlett Packard Enterprise Company
TABLE 78 Key Information – Intel Corporation
TABLE 79 Key Information – VMware, Inc.
TABLE 80 Key Information – BT Group plc
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Network Slicing Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Network Slicing Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jul – 2024, Feb) Leading Players
FIG 8 Porter’s Five Forces Analysis – Network Slicing Market
FIG 9 North America Network Slicing Market share by Offering, 2023
FIG 10 North America Network Slicing Market share by Offering, 2031
FIG 11 North America Network Slicing Market by Offering, 2020 - 2031, USD Million
FIG 12 North America Network Slicing Market share by End-user, 2023
FIG 13 North America Network Slicing Market share by End-user, 2031
FIG 14 North America Network Slicing Market by End-user, 2020 - 2031, USD Million
FIG 15 North America Network Slicing Market share by Vertical, 2023
FIG 16 North America Network Slicing Market share by Vertical, 2031
FIG 17 North America Network Slicing Market by Vertical, 2020 - 2031, USD Million
FIG 18 North America Network Slicing Market share by Country, 2023
FIG 19 North America Network Slicing Market share by Country, 2031
FIG 20 North America Network Slicing Market by Country, 2020 - 2031, USD Million
FIG 21 SWOT Analysis: Ericsson AB
FIG 22 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 23 SWOT Analysis: Nokia Corporation
FIG 24 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 25 Swot Analysis: ZTE Corporation
FIG 26 SWOT Analysis: Cisco Systems, Inc.
FIG 27 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 28 SWOT Analysis: Intel corporation
FIG 29 SWOT Analysis: VMware, Inc.
FIG 30 Swot Analysis: BT Group plc