Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Network Function Virtualization market. Market segmentation includes Component (Orchestration & Automation, Solutions, and Services); End-Use (Service Providers, Data Centers, and Enterprises).
Network function virtualization, or NFV, is a mix of network software and hardware dealing in virtual networks that represents a core structural transformation in the deployment processes of telecommunications infrastructure. By shifting the telecommunications industry's focus to software, the NFV technology reduces the requirement of hardware, including servers and switches, as well as of storage. Several factors are responsible for driving the projected growth within the market, including the various advantages that NFV technology offers, such as cost-saving, which enables businesses to reduce capital and maintenance; accelerated commercialization of network services; and acceleration in server speeds. Increasing adoption of virtualized software by enterprise data centers, including those of cloud service providers (CSP) and internet service providers (ISP) are spurring growth within the global NFV solutions market. Furthermore, the demand for data-intensive applications and the requirement of increased network capacity for satisfying consumer demands from the mobile industry is also projected to power the future growth within the market for NFV solutions. The emerging need for consolidation of applications and servers, as well as for assisting in disaster recovery, among the SMEs is also projected to be a major factor spurring future growth of the worldwide NFV market over the analysis period. The demand for NFV systems is also being fueled by the increasing deployment of 5G networks. Advancements in 5G network technology and enhanced mobile broadband speeds are also expected to contribute towards the growth within the worldwide market for NFV solutions throughout the analysis period. Incorporation of NFV in 5G networks would further improve the functionality and agility of 5G networks. Moreover, technological advancements, which are enabling the development of more efficient, low-cost products are increasing the demand for switches, routers, optical transport and mobile edges, an important factor that is also projected to fuel the market's growth during the analysis period.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 6813. Among this pool, 1092 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 204 unique participations, a total of 92 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Cisco Systems, Inc.
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
Allot Communications Ltd.
Segments Covered in the Report -
Component (Orchestration & Automation, Solutions, Services)
End-User (Service Providers, Data Centers, Enterprises)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.