Report, Telecom News, ET Telecom

NEW DELHI: 5G network slicing revenue in the Asia Pacific (APAC) region is expected to increase from $ 2.88 billion in 2021 to $ 9.99 billion in 2025, according to a report by ResearchAndMarkets.

This represents a compound annual growth rate or CAGR of 36.4%.

Factors such as increasing demand for mobile network coverage, compliance with public safety regulations, increasing digital transformations and rise of intelligent Internet of Things (IoT) platforms will drive the market growth. .

“The majority of mobile operators plan to implement 5G network slicing by 2022, with commercialization starting in 2023. Slice-as-a-service (SlaaS), which is expected to be the main revenue generator for mobile operators, is expected by 2025 or even earlier. “said the research firm.

By vertical sector, the health sector, followed by the manufacturing sector, are the main vertical sectors for the breakdown of the 5G network.

The COVID-19 pandemic has accelerated the growth of the health sector, and it will continue to grow thanks to the rapid developments of telehealth in APAC.

U.S. networking giant Cisco Systems said OpenRAN cuts telecommunications operators’ capital expenditure (capex) by nearly 50% and enables them to diversify their supply chains, achieve unprecedented agility and efficiency. enable new cloud-based services to be offered to customers. , and generate new sources of income.

The top three APAC countries that are expected to experience significant growth in 5G network slicing over the next 5 years are China, South Korea and Japan, according to the report.

With the slicing of the 5G network, mobile operators can create new markets, especially in viable verticals for 5G including manufacturing, healthcare, automotive and transportation.

The contribution of these verticals will increase from 27% in 2021 to 54% in 2025, according to the report.

In enterprise solutions, 5G network slicing is expected to play a critical role in transforming the enterprise networking solutions market, with the greatest expected impact in Unified Communications as a Service (UCaaS) and SD-WAN, with results expected in the next 5-10 years. But the potential for monetization lies in building the necessary business applications.

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