5G Network Slicing : Enabler of new revenue streams for Wireless Operator
Network slicing isn’t a new concept and has been around since early days of LTE. Network slicing in 5G context requires deploying standalone (SA) core, virtualized network functions along with mobile edge computing with automation and orchestration layer on top of it
Network slicing with 5G is expected to generate new revenue streams for wireless operators. 5G network slicing will enable enterprises to have their own piece of the 5G network. ABI Research in their recent report, highlighted 5G slicing as a key enabler of new revenue streams, estimating the technology would generate cumulative revenue of more than $20 billion globally by 2026. The majority of this ($12 billion) will come from serving industrial manufacturing, V2X and logistics segments.
Operators will quite likely pitch network slicing as the key value proposition for their enterprise customers in coming years. Although, practical deployments will have initial focus on enhanced mobile broadband use cases with challenges due to mobility, device compatibility with SA and roaming interoperability between carriers.
In summary, 5G network slicing will bring huge benefits for enterprises and enable tapping into new revenue streams in coming years.
Somesh, Area Vice President – Advanced Technology Solutions at GTA (Global Technology Associates) – A Kelly Telecom Company, is a Technology leader with more than 20 years of progressive sales and delivery experience in telecom industry. Somesh has client facing engagement experience in consulting services, wireless technology solutions and operational transformation, product lifecycle management, sales, and business development working with leading Tier 1 carriers and OEM’s.