Efficient flexibility and higher system scalability call for enhanced network performance, better energy consumption, lower infrastructure cost, and effective resource utilization. To accomplish this, an architectural optimization and reconstruction of existing cellular network is required. Network slicing is considered to be one of the key enablers and an architectural answer of communication system of 2020 and beyond. Traditional mobile operators provide all types of services to various kinds of customers through a single network, however, with the deployment of network slicing operators are now able to divide entire network into different slices each with its own configuration and specific Quality of Service (QoS) requirements. In a slice-based network, each slice will be considered as a separate logical network. In this way, the infrastructure utilization and resource allocation will be much more energy and cost efficient in comparison to traditional network. In this paper, we provided a comprehensive discussion on concept and system architecture of network slicing with particular focus on its business aspect and profit modeling. We throughly discussed two different dimensions of profit modeling, so called Own-Slice Implementation and Resource Leasing for Outsourced Slices. We further addressed open research directions and existing challenges with the purpose of motivating new advances and adding realistic solutions to this emerging technology.
Wireless industry nowadays is facing two major challenges: 1) how to support the vertical industry applications so that to expand the wireless industry market and 2) how to further enhance device capability and user experience. In this paper, we propose a technology framework to address these challenges. The proposed technology framework is based on end-to-end vertical and horizontal slicing, where vertical slicing enables vertical industry and services and horizontal slicing improves system capacity and user experience. The technology development on vertical slicing has already started in late 4G and early 5G and is mostly focused on slicing the core network. We envision this trend to continue with the development of vertical slicing in the radio access network and the air interface. Moving beyond vertical slicing, we propose to horizontally slice the computation and communication resources to form virtual computation platforms for solving the network capacity scaling problem and enhancing device capability and user experience. In this paper, we explain the concept of vertical and horizontal slicing and illustrate the slicing techniques in the air interface, the radio access network, the core network and the computation platform. This paper aims to initiate the discussion on the long-range technology roadmap and spur development on the solutions for E2E network slicing in 5G and beyond.