Industry Insight
A
report by Marker Research Future (MRFR) estimates the global Network
Function Virtualization Market analysis 2020 to surge at a ~31% CAGR
during the forecast period 2016-2022. At this rapidity, the opportunities in
the worldwide induction motors market are estimated to swell up with a high
valuation of USD ~19 Billion by the end of the year 2027.
Top Market Drivers
The
Network Function Virtualization Market is likely to witness a sharp growth as
network virtualization technologies that enable enterprises to eliminate the
costs associated with the procurement and maintenance of hardware equipment.
The technologies assist in delivering network services in a more scalable way
compared to the conventional networking approach. The businesses are rapidly
embracing network virtualization solutions as they encourage faster server
provisioning and quick deployment of network services. The SMEs are anticipated
to observe a heavy usage of virtualization solutions as they enable
consolidation of server & applications and advance disaster recovery. Thus,
by deploying such solutions, they can even handle multiple workloads with
maximum uptime and improved performance in an efficient way.
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On
the same side, the rapid investments for the commercialization of 5G networks
also can drive the demand for Network Function Virtualization solutions. The
implementation of virtualization technology will also aid in augmenting the 5G
network’s functional and architectural viability, which includes surged agility
and reduced capital expenditure. All these factors are liable for the growth of
the market in the forecast period.
The
Network Function Virtualization market is observed to be highly competitive
with the incidence of large-scale as well as small-scale global and other
vendors. All the companies and their race against each other to raise
respective shares of revenue in the market. Such a cut-throat environment is
estimated to further intensify new entrants in the market, which is chiefly
motivated by technological upgrades of existing services.
Segmentation of Market: Network
Function Virtualization
The
study of global Network Function Virtualization has been conducted over the
segments of application, deployment, infrastructure, and end-user.
Network
Function Virtualization market by Application segment has included
next-generation signaling, switching elements, traffic analysis, and service
assurance.
The
Network Function Virtualization market by the Deployment segment has included
on-premise and cloud.
The
Network Function Virtualization market by infrastructure segment has included
the virtualization layer and hardware resources.
The
Network Function Virtualization market by the end-user segment has included
cloud service providers, virtualized resources, information technology, the
communication service provider (CSP), and BFSI.
Regional Outlook
The
geological analysis of Network Function Virtualization is being considered for
the key regions such as Asia Pacific, North America, Europe, and the Rest of
the World. The study observed that North America is leading the Network
Function Virtualization market in support of an unusual move from concepts to
commercial deployment of NFV by the telecom operators, which will compel the Network
Function Virtualization market growth in the future. The study shows that
regions witnessing migration to 5G will also motivate the need for deploying Network
Function Virtualization (NFV). Also, the North America region is expected to
retain its position over the forecast period, thus creating extensive
opportunities for market players. The U.S. is a noteworthy contributor to the
growth of Network Function Virtualization owing to the superior technological
infrastructure. Its suitability of innovative and niche systems such as Network
Function Virtualization, which is predictable to experience fast growth,
propelling the market in North America.
In
fact, the rising number of data centers in countries such as Mexico, Brazil,
and GCC have surged the uptake of server virtualization solutions to run
massive workloads and applications in the cloud. The mounting investments for
the development of 5G infrastructures will also fuel market growth. Saudi
Arabia, Mexico, Kuwait, and Dubai are exploring 5G technology and undertaking
live trials of 5G on speed, latency, and equipment. Consequently, telecom
operators in these regions are preparing to switch to virtualization technologies
for flexible and scalable network management.
Top Market Contenders
The
well-known players in the Network Function Virtualization market are listed as
Juniper Networks (U.S.), Accenture PLC (Ireland), Cisco Systems, Inc.
(U.S.), Alcatel-Lucent S.A. (France), Nokia Corporation (Finland), Huawei
Technologies Co. Ltd. (China), NEC Inc. (Japan), Intel Corporation (U.S.),
Connectem Inc. (U.S.), Amdocs Inc. (U.S.), 6WIND (France), Ericsson
(Sweden), Open Wave Mobility Inc. (U.S.), Oracle Corporation(U.S.), an Oracle
Corporation(U.S.),d Allot communications (U.S.).
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