Market Highlights:
The Network function virtualization market is growing rapidly. Increased demand of digitization, higher adoption of internet of things (IoT) are driving the Network function virtualization market. The Network function virtualization market is globally emerging across world. The study shows that many telecom industries have a focus on adopting network function virtualization, to use the power of virtualization and commercial servers, and open software to build, operate and manage the networks
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The study indicates that demand for use of IoT for increased data transfer results in the growth of network function virtualization market. The ability to connect and manage the heterogeneous elements of IoT securely by the network function virtualization results in the growth of market. The recent trend of gaining significant traction in the market is the driving force for network virtualization market. The study indicates that various benefits of increased network design flexibility, rapid service innovation, and reduced capital expenditures are also the driving sources of network function virtualization market. Network function virtualization demands a process realignment so that traditional and virtual infrastructure can be managed simultaneously this process of realignment is observed as a challenge for the market.
It has been observed that interoperability standards have shown an indefinable challenge for the NFV industry. To overcome this challenge Cisco’s NSO based NFVO platform in an event named ETSI’s first Network Functions Virtualization (NFV) Interoperability Plugtest showed 100% success for interoperability tests of network service on-boarding, instantiation and termination. Recently, there has been a news that VMware is developing Network Function Virtualization Market packages for telcos.VMware has developed its vCloud NFV 2.0 which contains components that align with the European Telecommunications Standards Institute (ETSI) NFV Architectural Framework.
Network function virtualization Market Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the Network function virtualization Market: – Accenture PLC (Ireland), Juniper Networks (U.S.), Alcatel-Lucent S.A. (France), Cisco Systems, Inc. (U.S.), Huawei technologies Co. Ltd. (China), Nokia Corporation (Finland), Intel Corporation (U.S.), NEC Inc. (Japan), Amdocs Inc. (U.S.), Connectem Inc. (U.S.), Ericsson (Sweden), 6WIND (France), Oracle Corporation(U.S.), Open Wave Mobility Inc. (U.S.), Allot communications (U.S.) among others
Network function virtualization Market Segmentation:
The Network function virtualization market has been segmented on the basis of application, deployment, infrastructure and end-user. Looking through the deployment segment it’s been observed cloud based deployment segment are expected to dominate the Network function virtualization market by the forecast period, due to increased adoption of cloud technologies by the organizations worldwide. The Network function virtualization market is dominated by communication service provider sector. The increase in the penetration of mobile devices and demand for quality network services has aggravated the need for efficient network traffic management by communication service providers.
It has been observed that interoperability standards have shown an indefinable challenge for the NFV industry and this challenge is overcome by Cisco’s NSO based NFVO platform that showed 100% success for interoperability tests of network service on-boarding, instantiation and termination in an event named ETSI’s first Network Functions Virtualization (NFV) Interoperability Plugtest. Recently, there has been a news that vCloud NFV 2.0 is developed by VMware which is developing Network function virtualization (NFV) packages for telcos.
Market Research Analysis:
Regional analysis for Network function virtualization market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Network function virtualization market followed by Europe. It has been observed that North America region has high adoption of internet of things (IoT) and inclination towards digitization which has resulted in the growth of Network function virtualization market.
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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
By deployment segment it’s been observed that due to increased adoption of cloud technologies the cloud based deployment segment are expected to dominate the Network function virtualization market. By end-user segment, the communication service provider sector is dominating the network function virtualization market, whereas the banking, financial and insurance sectors also show a positive growth in the network function virtualization market.
By Region, North America region has been leading the Network function virtualization market. Many factors such as innovation, high adoption of internet of things (IoT) and inclination towards digitization have credited to developments of Network function virtualization market in North America region. North America region is followed by Europe region showing a positive growth in the Network function virtualization Market.
For the purpose of this study, the global Network function virtualization market has been segmented on the basis of application, deployment, infrastructure and end-user.The report on Network function virtualization contains detailed analysis with market size of each segment.
Intended Audience:
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- Key market innovators
- Venture capitalists
- Private equity groups
- Telecom service providers
- Internet service providers
- Cloud service providers
- Research/Consultancy firms
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