Network Function Virtualization Market Analysis, Trends and Growth Forecast by 2026
According to IMARC Group’s latest report, titled “Network Function Virtualization (NFV) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global network function virtualization market experienced double-digit growth during 2014-2019. Looking forward, IMARC Group expects the global market to continue its strong growth during 2020-2025. Network function virtualization (NFV) refers to the utilization of virtual network components to support an infrastructure without hardware. This software-based network combines various physical networks into a single virtual block. NFV creates a firewall, controls traffic and virtually route the given resources from hardware to a software. It enables administrators to operate virtual machines across domains without restructuring the network. NFV also makes it easier to manage files, programs, and images through a single site.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Market Trends and Drivers:
The global network function virtualization market is primarily driven by the widespread adoption of the cloud-based solutions across various sectors. Consequently, there is an increasing need to efficiently handle virtual traffic and complexities, which is driving the demand for NFV solutions. The associated convenience and time-efficiency offered by the utilization of NFV technology are acting as other major growth-inducing factors. Extensive research and development activities, increasing investments in the 5G technology and the advent of advanced NFV solutions are some of the other factors driving the market growth further.
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Competitive Landscape With Key Players:
The competitive landscape of the network function virtualization market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Affirmed Networks Inc. (Microsoft Corporation)
- Allot Ltd.
- Intel Corporation
- Juniper Networks Inc.
- NEC Corporation
- Nokia Corporation
- Ciena Corporation (Tellabs Inc.)
- Cisco Systems Inc.
- Dell EMC (Dell Technologies Inc.)
- Huawei Technologies Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
Key Market Segmentation:
The report has segmented the global network function virtualization market on the basis of region, offering, deployment mode, enterprise size, application and end user.
Breakup by Offering:
- Orchestration and Automation
Breakup by Deployment Mode:
Breakup by Enterprise Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Application:
- Virtual Appliance
- Core Network
Breakup by End-User:
- Government and Defense
- IT and Telecom
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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