Global Network Function Virtualization Market 2023-2027

Global Network Function Virtualization Market 2023-2027

The network function virtualization market is forecasted to grow by USD 49.79 bn during 2022-2027, accelerating at a CAGR of 24.39% during the forecast period. The report on the network function virtualization market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advances in network infrastructure, increase in number of smart-connected devices, and high penetration of wireless network infrastructure.

Technavio's network function virtualization market is segmented as below:

By Component

• Solutions
• Services

By End-user

• IT and telecom
• BFSI
• Government
• Others

By Geography

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increasing acceptance of cloud computing as one of the prime reasons driving the network function virtualization market growth during the next few years. Also, rising adoption of BYOD and introduction of next-generation networks will lead to sizable demand in the market.

The report on the network function virtualization market covers the following areas:

• Network function virtualization market sizing
• Network function virtualization market forecast
• Network function virtualization market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading network function virtualization market vendors that include 6WIND, A10 Networks Inc., Access Co. Ltd., Ciena Corp., Cisco Systems Inc., Cloud Software Group Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Juniper Networks Inc., Nokia Corp., Oracle Corp., Radware Ltd., Sandvine Corp., Telefonaktiebolaget LM Ericsson, and Ekinops SA. Also, the network function virtualization market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.