Network Function Virtualization Market Definition
The global Network Function Virtualization market is expected to witness high demand in the forecasted period due to the increasing adoption of NFV for IoT technology and increased demand for private cloud solutions and services. Network function virtualization (NFV) is the combination of software and hardware network featured in a virtual network. It includes different types of services such as various networking operations, including traffic forwarding, security, traffic monitoring, caching, intrusion detection system, and domain name service, and many others. The upsurge in the deployment of virtualized software among enterprise data centers, including internet service providers (ISP) and cloud service providers (CSP) is helping to trigger the global demand in the forecasted period. It is helpful in reducing capital expenditure (CAPEX) and operational expenditure (OPEX). These networks support a dynamic ecosystem through the development and utilization of software solutions.
The market study is broken down, by Application (Switching Elements (Routers), Traffic Analysis, Service Assurance, Next-Generation Signaling, Security Function and Others) and major geographies with country level splits. According to AMA, the Global Network Function Virtualization market is expected to see growth rate of 30.96% and may see market size of USD37.2 Billion by 2025.
In order to gain a competitive edge and to meet increasing demands, network function virtualization companies focus on providing services that increase efficiency and reliability. These emerging market players have been investing huge amounts of capital in research and development activities and innovation centers in order to expand their production capacities and meet the marketís growing demands. In addition, major market players are extending their share in the global network function virtualization market through mergers and acquisitions, joint ventures, and expansions. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Network Function Virtualization market throughout the predicted period.
Cisco (United States), Ericsson (United States), Huawei (China), VMware (United States), Nokia (Finland), HPE (United States), Dell EMC (United States), Juniper Networks (United States), Affirmed Networks (United States), ZTE Corporation (China) and Fujitsu (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are NEC (Japan), Ribbon Communications (United States), NETSCOUT (United States), Ciena (United States), ECI Telecom (Israel), Metaswitch (United Kingdom), Mavenir (United States), Radisys (United States) and Wind River (United States).
AdvanceMarketAnalytics has segmented the market of Global Network Function Virtualization market by Type, Application and Region.
On the basis of geography, the market of Network Function Virtualization has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Components, the sub-segment i.e. Hardware [NFV Servers, Storage, Switches] will boost the Network Function Virtualization market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Network Function Virtualization market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. SMEs will boost the Network Function Virtualization market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Service Providers will boost the Network Function Virtualization market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Visualized Network Functions, the sub-segment i.e. Compute will boost the Network Function Virtualization market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 18th December 2019, Ericsson and Australian communications service provider Telstra have successfully deployed the industryís first live cloud-native container-based Evolved Packet Core for 4G and 5G services. The achievement is a significant milestone in network orchestration and automation. and On 17th June 2019, Ericsson continues to lead the way with its service-provider-focused 5G platform through the launch of new software and hardware solutions to expand 5G deployment options. The new solutions extend network capacity and coverage, enabling smooth network evolution, and facilitating new consumer and industry use cases.
On 25th January 2019, cPacket Networks, a leading provider of next-generation network performance monitoring and packet broker solutions has announced an integrated visibility solution with Cisco Integrated Services Virtual Router (ISRv) running on Cisco Enterprise Network Compute System (ENCS) and Cisco Enterprise NFV Infrastructure Software (NFVIS) for the virtualized enterprise branch offices.
- The Growing Investment in the 5G Network Technology
- Introduction of Cloud Services, Data Center Consolidation, and Server Virtualization
- The Rise in Demand for Network Virtualization and Automation
- The Upsurging Demand for Enhanced Network Management System
- The Increasing Demand for Mobility
- The Rise in Demand for Data-Intensive Applications
- Increasing Demand due to Development of Open-Source SDN and NFV
- The Growing Requirement for Cloud-Based Services
- The Dearth of In-House Technical Expertise
- The Increasing Issues in Troubleshooting Across the NFV Network
- The Increasing Security Concern Associated with Network Function Virtualization Infrastructure
- Balancing Network Infrastructure Between Traditional and NFV Technologies
Key Target AudienceNetwork Function Virtualization Providers, Developers, Technology Experties, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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