#network function virtualization market

The global network functions virtualization market size is anticipated to reach USD 167.03 billion by 2030, registering a CAGR of 26.9% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to witness significant growth over the forecast period, ascribed to the increased deployment of virtualized software in enterprise data centers.

The network functions virtualization market is characterized by the ability to manage and orchestrate the virtual resources to provide network functions and their composition into higher-layer network services. Innovation and advancement are primarily driven by the growing demand for network function virtualizations across the U.S.

Security issues such as insolation failure risk, regulatory compliance failure, and denial of service protection failure, among other security issues about network functions virtualization, are anticipated to restrain the market growth.

The network functions virtualization component outlook segment is expected to witness significant growth. The component outlook segment consists of solutions and services. The solution segment is estimated to witness the largest share. This growth is ascribed to increasing IT productivity and demand for network virtualization software compliant to run on standard server platforms.

The organization size segment comprises small & medium enterprises and large enterprises. The large-scale enterprises are estimated to yield significant market share, owing to the growing significance of network infrastructure and rising demand for affordable and better hardware and software required for NFV.

Gather more insights about the market drivers, restrains and growth of the Network Function Virtualization Market

Network Functions Virtualization Market Report Highlights

• The market is expected to witness a CAGR of 26.9% over the next eight years, owing to the increasing deployment of virtualized software in enterprise data centers globally

• The solution segment accounted for the largest revenue share of over 74.0% in 2021. The rising demand for network virtualization is the major factor influencing market growth

• Increasing IT productivity, distinctively in developing economies, has considerably contributed to the market's growth

• The large-scale organization size segment is expected to witness a significant CAGR of 26.3% over the forecast period owing to rising demand for affordable and better software and hardware required for network functions virtualization

• The virtual appliance application segment was expected to dominate the market segment in 2021 and is expected to witness a CAGR of 28.2% over the conjecture owing to the numerous benefits accessible by network functions virtualization

• The Asia Pacific dominated the market in 2021 and accounted for the largest revenue share of more than 34.0%, owing to the extensive adoption of network functions virtualization in the region

Network Functions Virtualization Market Segmentation

Grand View Research has segmented the global network functions virtualization market based on component, organization size, application, end-user, and region:

Network Functions Virtualization Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solutions

• Services

Network Functions Virtualization Organization Size Outlook (Revenue, USD Million, 2017 - 2030)

• Small & Medium Enterprises

• Large Enterprises

Network Functions Virtualization Application Outlook (Revenue, USD Million, 2017 - 2030)

• Virtual Appliance

• Core Network

Network Functions Virtualization End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Service Providers

• Data Centers

• Enterprises

o Banking, Financial Services, and Insurance (BFSI)

o Healthcare

o Retail

o Manufacturing

o Government and Defense

o Education

o Others

Network Functions Virtualization Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

• Asia Pacific

o China

o India

o Japan

• Latin America

o Brazil

o Mexico

• Middle East & Africa (MEA)

The Network Function Virtualization Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Network Function Virtualization industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the Global and regional segments.

Base Year: 2021

Estimated Year: 2022

Forecast Till: 2023 to 2028

The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.

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A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Network Function Virtualization market.  The impact is closely studied in terms of production, import, export, and supply.

The report covers the complete competitive landscape of the Worldwide Network Function Virtualization market with company profiles of key players such as:

6Wind SA

Alcatel-Lucent SA

Amdocs Inc.

CIMI Corporation

Connectem Inc.

ContexXtream Inc.

Ericsson AB

Huawei technologies Co. Ltd.

Intel Corporation

Nokia Corp.

Want to add more Company Profiles to the Report? Write your Customized Requirements to us @ https://www.decisiondatabases.com/contact/get-custom-research-17564

Network Function Virtualization Market Analysis by Application:

Switching Elements (Routers)

Traffic Analysis

Service Assurance

Next Generation Signaling

Security Function

Others

Network Function Virtualization Market Analysis by Geography:

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)

Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)

Key questions answered in the report:

 What is the expected growth of the Network Function Virtualization market between 2023 to 2028?

Which application and type segment holds the maximum share in the Global Network Function Virtualization market?

Which regional Network Function Virtualization market shows the highest growth CAGR between 2023 to 2028?

What are the opportunities and challenges currently faced by the Network Function Virtualization market?

Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?

What business strategies are the competitors considering to stay in the Network Function Virtualization market?

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