The rapid growth of mobile data traffic is putting a strain on traditional cellular networks. This is especially true for businesses that need to support mission-critical applications with high bandwidth and low latency requirements. For example, factories that rely on automation and robotics need a network that can support real-time communication between machines. And hospitals that use telemedicine need a network that can ensure the smooth delivery of medical services.
The global 5G network slicing market size is expected to expand to a Compound Annual Growth Rate of 43.0% from 2023 to 2030.
It is a technology that divides a single physical network into multiple virtual networks, each with its dedicated resources. This allows businesses to create customized networks that meet the specific needs of their applications. For example, a factory could create a network slice for its automation and robotics systems that provide the high bandwidth and low latency they need. A hospital could create a network slice for its telemedicine services that ensures the highest level of security and reliability.
In addition to overcoming the challenges of traditional cellular networks, it offers several other benefits, including:
To learn more about how 5G network slicing can transform your business, read our infographic.