Network Function Virtualization (NFV) Market - Sales Revenue till 2022

Posted by Savni on March 27th, 2020


The demand to reinforce essential structural change in the way telecommunication infrastructure is anticipated to boost the market for network function virtualization. Reports that judge the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. An income of USD 19 Billion is anticipated to be gained by the market while growing at 31 % of CAGR by 2022.

The augmented implementation of the internet of things (IoT), mounting approval of digitization are expected to be the key factors motivating the network function virtualization market. Moreover, the need for data-intensive uses and demand for cloud-based services is anticipated to boost the network function virtualization market in the forecast period.

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The utilization of software defined network (SDN) for running a virtual network or server on top of the existing infrastructure. This allows the proper optimization of network resources and distributing the bandwidth into separate channel to lower the load on systems and reduce the probability of latency. The increasing dependence on data centers for high performance workloads and reducing data volume can positively impact the market demand.

Segmental Analysis

The segment-based evaluation of the network function virtualization market is conducted on the basis of application, deployment, infrastructure, and user and region. On the basis of application, the network function virtualization market is segmented into traffic analysis, switching elements and next generation signaling. Based on the deployment, the network function virtualization market is segmented into the cloud and on-premise. On the basis of infrastructure, the network function virtualization market is segmented into virtualized resources and hardware resources. On the basis of end-users, the network function virtualization market is segmented into BFSI, CSP, and cloud service providers. Based on the regions, the network function virtualization market comprises regions such as Asia Pacific, North America, Europe and other regions in the world.

Regional Analysis

Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW) are major regions considered in Network Function Virtualization (NFV) Market report.

North America is expected to be the leading region in the market till 2022 due to the shift from conception of network architecture to deployment of NFV by telecommunication network operators. Investment in cloud and data centers, presence of various service providers, and adoption of industrial internet of things (IIoT) are drivers of the region. The shift to 5G technology by telecommunication network providers to offer seamless connectivity to users is expected to boost the regional market growth till the end of the forecast period.

The APAC region is projected to display a strong CAGR during the forecast timespan due to presence of various mobile service operators and data centers. Software behemoths maintaining a unit in China and India is likely to induce the demand for network function virtualization till 2022.

Key Players:

The noticeable players in the network function virtualization market are Juniper Networks (U.S.), Alcatel-Lucent S.A. (France), Huawei Technologies Co. Ltd. (China), Open Wave Mobility Inc. (U.S.), Nokia Corporation (Finland), Intel Corporation (U.S.), Accenture PLC (Ireland), NEC Inc. (Japan), Amdocs Inc. (U.S.), Connectem Inc. (U.S.), Cisco Systems, Inc. (U.S.), Ericsson (Sweden), 6WIND (France), Oracle Corporation(U.S.), Allot Communications (U.S.)  among others

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Joined: October 21st, 2019
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