NFV Market - Size, Growth, Segments and Regional Trends till 2022

Posted by Savni on November 25th, 2020

Network Function Virtualization Market, By Application (Switching Elements, Traffic Analysis, Next Generation Signaling), Deployment (Cloud, On-premise), By Infrastructure (Hardware Resources, Virtualized Resources), By End-User (CSP, BFSI, Cloud Service Provider) - Forecast 2022

Overview:

The demand to reinforce essential structural change in the way telecommunication infrastructure is anticipated to boost the market for NFV. 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 NFV market. Moreover, the need for data-intensive uses and demand for cloud-based services is anticipated to boost the NFV market in the forecast period.

Segmental Analysis:

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

Detailed Regional Analysis:

The regional breakdown of the NFV covers regions such as Asia Pacific, North America, Europe, and other regions in the world. It has been observed that the North American region is controlling the NFV market due to a momentous change from proof of concepts to commercial deployment of NFV by the telecom operatives, which will propel the progress of NFV market. The analysis designates that regions perceiving migration to 5G will motivate the demand for deploying NFV market.

Competitive Analysis:

The market players are making choices that are expanding business performance and manage risk. The tactical resolve of the market of companies is augmenting the processes in the market on the whole. Moreover, the market frontrunners are making an allowance for reorganization in all features of operations at a small and large level in the international market. The fastest increasing companies are introducing an impressive growth stage in the market of late. The widespread set of competences advanced by market companies is aiding in hurrying and distributing sustainable development. The high progress goals currently in place are stimulating an intense level of progress in the market. Furthermore, the businesses are also well fortified to apply their growth strategy throughout the long term efficiently. The revolution in the way customers relate to market firms is also launching new business models. As the companies are making their clients a significant principal point for strategy design, they are making a strong, viable benefit in today’s unstable market.

The noticeable players in the NFV 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

Industry Updates:

Oct 2019 Ericsson has increased a 5G security relationship with Concordia University in Canada, through a novel industrial research chair bestowed by the Natural Sciences and Engineering Research Council of Canada (NSERC). The purpose of the chair is to cultivate novel procedures, methods, and technologies for compliance-driven security solutions for NFV (NFV) and Software-Defined Networks (SDN) technologies in 5G networks.

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Savni

About the Author

Savni
Joined: October 21st, 2019
Articles Posted: 480

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