Global Network Function Virtualization (NFV) market size is anticipated to reach at USD 41 billion by 2025. NFV uses automated as well as manual techniques along with reviewing minute-level data within the network traffic.
Dallas, United States - October 27, 2020 /MarketersMedia/ —
The enterprise network comprises hundreds of network devices that include switches, workstations, hubs, routers, firewalls, virtual machines, servers, and different other network-related components. Maintaining and managing these devices requires network function virtualization solutions since the tools can provide insights into bandwidth consumption, network traffic, protocol analysis, and business applications. Different types of solutions are used in identifying threats, detection, and moderation of security attacks, along with better planning of the network in the future. NFV uses automated as well as manual techniques along with reviewing minute-level data within the network traffic.
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Global Network Function Virtualization (NFV) market can be split on the basis of various segments such as Component type, Function type, industry type, key companies and key regions or countries.
Based on the component segment, the market is bifurcated into hardware, software, and services. The hardware segment of the component to experience a significant growth rate within the global NFV market owing to the heavy usage of hardware equipment that includes storage devices, servers, and switches. Furthermore on the basis of function segment, the market is bifurcated in compute, storage, and Network. The function segment to experience a significant growth rate within the global NFV market primarily due to the growing demand for data analysis as well as the growing demand for a higher degree of automation.
In addition, based on the industry, the market is segmented into BFSI, IT & telecom, government, healthcare, retail, energy, manufacturing, and others. The market for IT & telecom is anticipated to possess the largest market share over the forecast period since organizations today are predominantly developing to match their user needs. There is a massive requirement of servers to manage and store an enormous amount of data within the IT and telecom sector and is projected to boost the industry growth in the coming future.
Looping on the basis of key geographies the Global Network Function Virtualization Market can be divided into North America (U.S. and Canada), Asia Pacific (India, Japan, China and Rest of APAC), Europe (France, UK, Germany and Rest of Europe), Central and South America (Brazil, Mexico and Rest of Central & South America), Middle East and Africa and Rest of World (RoW). Geographically, North America dominated the global Network Function Virtualization market and is anticipated to retain its position through the forecast period. However, Asia-pacific is expected to top in terms of highest CAGR of Market.
The major players of the global NFV market are ZTE Corporation, Ribbon Communications, NEC, NETSCOUT, Affirmed Networks, Juniper Networks, Dell EMC, HPE, Nokia, VMware, Huawei, Ericsson, Cisco, and many more.
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Key Segments of the Global Network Function Virtualization Market
Component Overview, 2018-2025 (USD Billion)
Function Overview, 2018-2025 (USD Billion)
End-user Overview, 2018-2025 (USD Billion)
IT & Telecom
Regional Overview, 2018-2025 (USD Billion)
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America
Reasons for the study
The purpose of the study is to give an exhaustive outlook of the global NFV market. Benchmark yourself against the rest of the market.
Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
The study on the global NFV market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the NFV industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on components, function, and end-user. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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Source URL: https://marketersmedia.com/network-function-virtualization-nfv-market-size-2020-share-industry-trends-business-growth-drivers-technology-development-regional-overview-and-forecast-to-2025/88982788
Release ID: 88982788