Global Virtual Network Functions Market

Posted by chetana on April 19th, 2021

Global Virtual Network Functions Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 23.4% through 2019 to 2027, reaching nearly US$ XX Bn.

Global Virtual Network Functions Market

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Network functions virtualization (NFV) is a network architecture concept that uses the technologies of IT virtualization to virtualize whole classes of network node functions into building blocks that may connect, or chain together, to make communication services.

The number of connected devices is expected to grow by more than nearly US$ 55.2 billion by 2027. Internet of Things is connecting various devices ranging from smart home gadgets to big manufacturing systems and agricultural sensors. It being an advance technology comes with new security threats. Therefore, network function software can not only help communication service supplier reduce costs, enable agile service delivery and provide security solutions using current information technologies, such as standard servers, open software and virtualization.

However, there is a major lack of specification by service suppliers regarding regulatory policies as well as the security standards being implemented and governed by the European telecommunications standards institute is likely to pose a considerable challenge to the growth of the global network functions virtualization market. Likewise, the report contains a detailed study of factors that will drive and restrain the growth of the global NFV market.

Virtual Appliance segment of NFV application is expected to grow at the highest CAGR of XX.XX% and anticipated to hold the highest market share of XX% over the forecast period. Virtual appliance mainly includes many networking operations, with traffic monitoring, security, caching, intrusion detection system, traffic forwarding, and domain name service, among others. This has significantly affected the enterprises to streamline their network complexities, and thus, the segment is anticipated to record decent momentum in future. Also, the report will provide an accurate prediction of the contribution of the various segments to the growth of the NFV market size.

The report offers a brief analysis of the major regions in the network functions virtualization market, namely, Asia-Pacific, Europe, North America, South America, and the MEA. North America is dominating the NFV market and valued around US$ XX Bn in 2019. The region forms the largest market for virtual network functions, with the US and Canada identified as the most profitable economies in North America. The regional market is developing on account of the high availability of the latest telecom services coupled with the high adoption rate of advanced technology.

Europe can also observe major growth in the virtual network functions Market. The UK, France, Germany and are anticipated to be the most lucrative markets for virtual network functions, thanks to the rise in the number of service providers, who are mostly concentrating on virtual network platforms.
Virtual Network Functions Companies Specification:

The reports cover key developments in the virtual network functions market as organic and inorganic growth strategies. In May 2017, AT&T Company added new network connectivity options and new security applications to its AT&T FlexWare NFV solution. With this announcement, the solution got enabled with connectivity options with VPN, Ethernet, and dedicated internet other than broadband.

The objective of the report is to present a comprehensive analysis of the Global Virtual Network Functions 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 has been 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 Virtual Network Functions Market dynamics, structure by analyzing the market segments and projects the Global Virtual Network Functions 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 Virtual Network Functions Market make the report investor’s guide.
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Global Virtual Network Functions Market, By Components

• Solutions
• Orchestration and Automation
• Services
Global Virtual Network Functions Market, By Functions

• Compute
• Storage
• Network
Global Virtual Network Functions Market, By Applications

• Core Network
• Virtual Appliance
Global Virtual Network Functions Market, By End Users

• 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 IT-enabled Services
o Others
Global Virtual Network Functions Market, By Enterprise Size

• SMEs
• Large enterprises
Global Virtual Network Functions Market, By Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Key players operating in Global Virtual Network Functions Market

• Cisco
• VMware
• Huawei
• Ericsson
• Nokia
• Dell EMC
• Juniper Networks
• Affirmed Networks
• Ribbon Communications
• Fujitsu
• Ciena
• ECI Telecom
• Metaswitch Networks
• Mavenir
• Radisys
• Wind River

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Joined: February 27th, 2020
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