Network Function Virtualization Market 2019
The Network Function Virtualization Market is anticipated to reach over USD 125 billion by 2026. In 2017, the hardware segment dominated the global market, in terms of revenue. North America was the leading contributor to the global market revenue in 2017.
The growing demand for mobile broadband services, and increased demand for mobility has boosted the adoption of network function virtualization. The rising penetration of mobile devices, and increasing trend of BYOD further support the network function virtualization growth of this market. The rising adoption of virtualization, cloud, and big data analytics has fueled the market growth over the years. Increasing investments by vendors in technological advancements coupled with advancements in the 5G network technology would accelerate the network function virtualization market growth of the network function virtualization market during the forecast period. Growing demand from emerging economies, and technological advancements are expected to provide numerous growth opportunities in the coming years.
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The key players in the network function virtualization market include Juniper Networks, Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., Intel Corporation, Big Switch Networks, Inc., NEC Corporation, Hewlett Packard Enterprise Co., AT&T Inc, Citrix Systems, Inc., and Oracle Corporation.
North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increase in demand for mobility services, and increasing demand for data center consolidation drive the network function virtualization market growth. The growing trend of BYOD, IoT, and big data analytics further increase the demand for Network Function Virtualization. The growing penetration of mobile devices, and technological advancements further support network function virtualization market growth in the region. The growing demand for cloud services, and reducing telecom carrier costs further boost the market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from the developing countries of the region.
Drivers and Risks
In addition to providing an understanding of the fundamental dynamics molding the Network Function Virtualizationmarket, the report also investigates the numerous volume trends and the pricing history as well as the market value. A number of potential growth factors, risks, and opportunities are also evaluated to get an acute grasp of the overall market.
The analysis and the forecast of the Network Function Virtualizationmarket are analyzed not just on a global basis but also on a regional basis. Taking a closer look at the regions wherein the market is concentrated, the report focuses on Middle East & Africa, Europe, Latin America, Asia Pacific, and North America. These regions are studied with respect to the prevalent trends and several opportunities as well as an outlook that could benefit the market in the long run.
Method of Research
With the aim of providing an analysis of the market during the forecast period, the market is examined on the basis of various parameters that form Porter’s Five Force Model. Additionally, the data experts use the SWOT based on which the report is able to give explicit details about the Network Function Virtualizationmarket. The in-depth analysis of the market helps identify and accentuate its main strengths, risks, opportunities, and weaknesses.
Table Of Contents – Major Key Points
- Overview and Scope
- Executive Summary
- Network Function Virtualization Market Insights
- Network Function Virtualization Market Size and Forecast by Component, 2018-2026
- Network Function Virtualization Market Size and Forecast by Organization Size, 2018-2026
- Network Function Virtualization Market Size and Forecast by Deployment Model, 2018-2026
- Network Function Virtualization Market Size and Forecast by End-User, 2018-2026
- Network Function Virtualization Market Size and Forecast by Region, 2018-2026
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