A report from global technology intelligence firm ABI Research reveals that, although its growth has slowed compared to what has been forecast, the 5G network slicing market will continue an upward, albeit slowed, growth trajectory to reach US$19.5 billion by 2028.
Considering existing market activities, it says, a growing force behind 5G slicing uptake is enhanced mobile broadband (eMBB) and fixed wireless access (FWA). To that end, there is growing market activity and commercial engagements from several network equipment vendors (NEVs).
The report notes that these market engagements are a good foundation for the industry to match 5G slicing technology to high-value use cases, such as Enhanced Machine-Type Communication (eMTC) and Ultra-Reliable Low Latency Communications (URLLC) URLLC.
“5G Slicing continues to promise new value creation in the industry,” explained Don Alusha, senior analyst at ABI Research. “However, as reflected in multiple ABI Research’s market intelligence reports, a solid software and cloud-native foundation must be in place for that promise to materialize. That, in turn, is a prerequisite for a wider diffusion of 5G core adoption, an architecture that provides native support for 5G slicing.”