Network Function Virtualization Market- Global Industry Analysis and Forecast (2023-2029)

Global Network Function Virtualization Market is expected to reach US$ 65.31 Bn. by 2029, at a CAGR of 31.1% throughout the forecast period.
Network Function Virtualization Market Overview:
Network function virtualization (NFV) supports dealing in virtual network by the combination of software and hardware network. It promotes the improvement in the networks and related operations, resulting in power saving, reduced equipment cost and other expenses. It enables convenience of several applications on one particular network appliance. Reduction in investment and operational spending is a most important gain presented by network function virtualization.To know about the Research Methodology :- Request Free Sample Report
Global Network Function Virtualization Market Dynamics:
Demand for Network function virtualization (NFV) is rising as it supports network functions such as Domain Name Service (DNS), Network Address Translation (NAT), intrusion detection and firewalls. This is the major reason for NFV market growth. Since past few years, the demand for data-intensive applications has increased in mobile sector, which additionally demands better network capacity to encounter the customer requirements. This demand is estimated to increase over forecast period, which will boost the NFV market growth. Dropping power requirements, efficiently managing cooling & spacing necessities of equipment, and streamlining network services have expressively supplemented the NFV market demand. Worldwide there are several advancements in technology, mostly focused on handling programs, images, folders and files from a single physical site are foreseen to fuel the network function virtualization market demand. The growing installation of virtualized software over enterprise data centres, counting Cloud Service Providers (CSP), and Internet Service Providers (ISP) fuels the market growth. Conversely, delay in implementation of this technology hampers this market. Furthermore, growing requirements for data-intensive applications and the demand for cloud-based services are anticipated to offer lucrative opportunities for market growth in forecasted duration.
Global Network Function Virtualization Market Segmentation Analysis:
The global network function virtualization market is segmented on the basis of application segment, which is further categorized into switching elements (routers), service assurance, next-generation signaling, security function, and others. Among all, next generation signaling is forecasted to witness rapid growth at CAGR xx% during forecasted period. This segment is expected to replace traditional network functions such as IPAM, DNS, and DHCP, along with reduced costs and superior performance of telecom service providers. These factors attributed in the growth of the next generation signaling application and expected to reach US$ xx Bn by 2029. On the basis of component, market is divided into software and infrastructure & services. Both the segments are expected to grow during forecast period with CAGR xx% and xx% respectively. Increasing requirement of cloud-based services and demand for data-intensive applications is proposed to support market demand. Also, technological advancements and usage of mobile edges, routers, switches, and optical transport are supplementing these segments and expected to boost the NFV market over the forecast period.
Regional Analysis:
North America with the US$ xx Bn has become the most dominant region in the global network function virtualization, as of 2022. Whereas Europe stands as the second most contributing region with market share US$ xx Bn. The market in North America is likely to grow at the highest CAGR xx% during the forecast period. Factors accelerating to the growth of this market include the highest use of cloud based services in this region with advance wavelength capacity.

High demand in the U.S. and Canada is expected to emerge as key countries driving North America NFV market. The IT sector development in Asia Pacific demands for the effective and technologically advanced virtual network solutions and services, which anticipates in fuelling the market growth during forecasted timespan. Increasing demand and popularity in China and India are expected to drive growth across the Asian market. Similarly, the report covers the detail analysis of all the regions such as, Europe, Latin America, and Middle East & Africa. Their growth rate and the reason for growth along with the expected value to be reached by end of the 2029 are mentioned in the final report.
Objective of the Global Network Function Virtualization Market:
The objective of the report is to present a comprehensive analysis of the Global Network Function Virtualization Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Network Function Virtualization Market dynamics, structure by analyzing the market segments and projects the Global Network Function Virtualization Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Network Function Virtualization Market make the report investor’s guide.
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Global Network Function Virtualization Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 9.81 Bn.


Forecast Period 2023 to 2029 CAGR:
31.1%
Market Size in 2029:
US $ 65.31 Bn.


 Segments Covered:
by Application
Switching Elements (Routers)
Service Assurance
Next-generation Signaling
Security Function
Others


by Component
Software
Infrastructure & Services


by Enterprise Size
Large Enterprises
SMEs


by End User
Service Providers
Data Centers
Enterprises



Global Network Function Virtualization Market, By Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key players
1. Ericsson AB
2. Hewlett Packard Enterprise
3. VMware Inc.
4. Nokia Corporation
5. Huawei Technologies
6. A10 Networks
7. Affirmed Networks
8. Allot Communications
9. Amdocs
10. Alcatel-Lucent
11. Ericsson AB
12. 6Wind SA
13. CIMI Corporation
14. Connectem Inc.
15. Intel Corporation
16. ConteXtream Inc.
17. Juniper Network Inc.
18. F5 Network Inc.
19. Open Wave Mobility Inc.
20. NEC Inc.
21. Opera Software
22. HP
23. Oracle Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Network Function Virtualization Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of Global Network Function Virtualization Market?
Ans: The Global market is growing at a CAGR of 31.1% during forecasting period 2023-2029.

3. What is scope of the Global Network Function Virtualization market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Network Function Virtualization market?
Ans: The important key players in the Global market are – Ericsson AB, Hewlett Packard Enterprise, VMware Inc., Nokia Corporation, Huawei Technologies, A10 Networks, Affirmed Networks, Allot Communications, Amdocs, Alcatel-Lucent, Ericsson AB, 6Wind SA, CIMI Corporation, Connectem Inc., Intel Corporation, ConteXtream Inc., Juniper Network Inc., F5 Network Inc., Open Wave Mobility Inc., NEC Inc., Opera Software, HP, and Oracle Corporation

5. What is the study period of this market?
Ans: The Global market is studied from 2022 to 2029.