Difference between Network Slicing and Private 5G

Network Slicing theoretically offers a lower initial cost and should be faster and easier to scale as the network operator can add capacity as required.  This is however not necessarily the case as there are costs and delays associated with the services that are being provided

Network slicing is attractive because it offers an easier path for the deployment of 5G network with the operator providing the spectrum, equipment and management of the network

A private network is more secure and provide full control over protocols, customization and access.  Depending on the supplier and the size of the network, the costs can be substantially less than a network slicing option over time.

A true private network owned by an organization is like owning and maintaining your own private property, where you build, manage, and secure everything yourself. Network slicing from a carrier is like renting a customized, secure office space in a large, shared building where the landlord (the carrier) takes care of the building's infrastructure and maintenance.