5G Slicing Set to Propel New Growth in the Industry and Generate Revenue of US$20 Billion by 2024

The extensive scope that characterizes the deployment of a 5G slice requires the wider ecosystem's maturity. In that regard, vendors are already investing in propelling ecosystem cohesion and bulking up their 5G slicing capabilities. ZTE, for instance, has a comprehensive portfolio that spans slicing management for core network, transport, and access. Similarly, Amdocs, Ericsson, Huawei, and Nokia are some vendors, among many others, that are designing 5G slice-specific packages that offer synergies with existing systems and networks. A full 5G slicing mechanism will involve interworking with a plethora of existing systems and interconnection among multiple vendors.

The extensive scope that characterizes the deployment of a 5G slice requires the wider ecosystem's maturity. In that regard, vendors are already investing in propelling ecosystem cohesion and bulking up their 5G slicing capabilities. ZTE, for instance, has a comprehensive portfolio that spans slicing management for core network, transport, and access. Similarly, Amdocs, Ericsson, Huawei, and Nokia are some vendors, among many others, that are designing 5G slice-specific packages that offer synergies with existing systems and networks. A full 5G slicing mechanism will involve interworking with a plethora of existing systems and interconnection among multiple vendors.

Ultimately, widespread deployment of 5G slicing requires that the industry realign traditional ways of doing business to include knowledge of the enterprise environment. This domain inherently constitutes a foreign land for CSPs, and there is a risk attached. To that end, CSPs should overhaul their internal structures. They should depart from the silo service model of today, an organizational arrangement that creates redundancies and inefficiencies. Further, the industry should build relationships with vertical partners to address their pain points better and eventually transition from existing PoCs to commercial deployments. On the commercial front, work remains to be done for the industry to collectively identify 5G slicing business models to be adopted.

"5G slicing is a journey for the industry. The foundation for basic use cases has already been established. For example, same vendor 5G slicing and campus/local area network (LAN) deployments are expected to be commercialized in the next couple of years. Multi-vendor implementations and wide area network (WAN) type deployments are more challenging. These capabilities will potentially be brought to market starting in 2023 and beyond, with a proliferation of 5G standalone core deployments, investment in edge computing to develop low-latency use cases, and further industry consensus on how terminals can support network slicing," Alusha concludes. 

These findings are from ABI Research's 5G Network Slicing application analysis report. This report is part of the company's 5G Core & Edge Networks research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific application, which could focus on an individual market or geography. 

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