Network Function Virtualization Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global network function virtualization market is expected to grow at a CAGR of around 22.1% during 2025-2034. This report on global network function virtualization market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global network function virtualization market by segmenting the market based on components, virtualized network functions, applications, end users, enterprise size and region. Also, detailed profiles of companies operating in the network function virtualization market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Optimized Network Scalability and Agility Offered by NFV • Increasing Demand for Mobility • Growing Investment in 5G Network Technology
Market Challenges
• Lack of In-house Technical Expertise • Integration and Interoperability Issues
Historical & Forecast Period
Base Year: 2024 Historical Period: 2020-2024 Forecast Period: 2025-2034
Market by Components
• Solutions • Orchestration and Automation • Services
Market by Virtualized Network Functions
• Compute • Storage • Network
Market by Applications
• Virtual Appliance • Core Network
Market by End Users
• Service Providers • Data Centers • Enterprises BFSI Healthcare Retail Government and Defense Others
Market by Enterprise Size
• SMEs • Large enterprises
Market by Region
• Europe Germany United Kingdom France Italy Spain Russia Netherlands Rest of Europe • North America United States Canada • Asia Pacific China Japan India South Korea Australia Indonesia Rest of Asia Pacific • Latin America Mexico Brazil Argentina Rest of Latin America • Middle East & Africa Saudi Arabia Turkey Iran United Arab Emirates Rest of Middle East & Africa
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. Global Network Function Virtualization Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. Global Network Function Virtualization Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
5. Global Network Function Virtualization Market by Components
5.1. Introduction
5.2. Solutions
5.3. Orchestration and Automation
5.4. Services
6. Global Network Function Virtualization Market by Virtualized Network Functions
6.1. Introduction
6.2. Compute
6.3. Storage
6.4. Network
7. Global Network Function Virtualization Market by Applications
7.1. Introduction
7.2. Virtual Appliance
7.3. Core Network
8. Global Network Function Virtualization Market by End Users
8.1. Introduction
8.2. Service Providers
8.3. Data Centers
8.4. Enterprises
8.4.1. BFSI
8.4.2. Healthcare
8.4.3. Retail
8.4.4. Government and Defense
8.4.5. Others
9. Global Network Function Virtualization Market by Enterprise Size
9.1. Introduction
9.2. SMEs
9.3. Large enterprises
10. Global Network Function Virtualization Market by Region
10.1 Introduction
10.2 Europe
10.2.1 Germany
10.2.2 United Kingdom
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Russia
10.2.7 Netherlands
10.2.8 Rest of the Europe
10.3 North America
10.3.1 United States
10.3.2 Canada
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 Indonesia
10.4.7 Rest of the Asia Pacific
10.5 Latin America
10.5.1 Mexico
10.5.2 Brazil
10.5.3 Argentina
10.5.4 Rest of Latin America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 Turkey
10.6.3 Iran
10.6.4 United Arab Emirates
10.6.5 Rest of Middle East & Africa
11. SWOT Analysis
12. Porter’s Five Forces
13. Market Value Chain Analysis
14. Competitive Landscape
14.1. Competitive Scenario
14.2. Company Profiles
14.2.1. 6WIND
14.2.2. A10 Networks
14.2.3. Affirmed Networks
14.2.4. Allot Communications
14.2.5. Amdocs
14.2.6. Ciena
14.2.7. Cisco
14.2.8. Ericsson AB
14.2.9. Hewlett Packard Enterprise
14.2.10. Huawei Technologies
14.2.11. Nokia Corporation
14.2.12. VMware Inc.
List of Figures
Figure 1: Global Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 2: Global Network Function Virtualization Market by Components,2024
Figure 3: Global Network Function Virtualization Market by Virtualized Network Functions, 2024
Figure 4: Global Network Function Virtualization Market by Applications, 2024
Figure 5: Global Network Function Virtualization Market by End Users, 2024
Figure 6: Global Network Function Virtualization Market by Enterprise Size, 2024
Figure 7: Global Network Function Virtualization Market by Region, 2024
Figure 8: Global Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 9: Global Network Function Virtualization Market by Components (in %), 2024 & 2034
Figure 10: Global Solutions Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 11: Global Solutions Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 12: Global Orchestration and Automation Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 13: Global Orchestration and Automation Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 14: Global Services Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 15: Global Services Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 16: Global Network Function Virtualization Market by Virtualized Network Functions (in %), 2024 & 2034
Figure 17: Global Compute Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 18: Global Compute Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 19: Global Storage Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 20: Global Storage Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 21: Global Network Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 22: Global Network Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 23: Global Network Function Virtualization Market by Applications (in %), 2024 & 2034
Figure 24: Global Virtual Appliance Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 25: Global Virtual Appliance Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 26: Global Core Network Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 27: Global Core Network Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 28: Global Network Function Virtualization Market by End Users (in %), 2024 & 2034
Figure 29: Global Service Providers Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 30: Global Service Providers Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 31: Global Data Centers Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 32: Global Data Centers Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 33: Global Enterprises Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 34: Global Enterprises Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 35: BFSI Network Function Virtualization Enterprises Market (in US$ Million), 2020-2034
Figure 36: Healthcare Network Function Virtualization Enterprises Market (in US$ Million), 2020-2034
Figure 37: Retail Network Function Virtualization Enterprises Market (in US$ Million), 2020-2034
Figure 38: Government and Defense Network Function Virtualization Enterprises Market (in US$ Million), 2020-2034
Figure 39: Others Network Function Virtualization Enterprises Market (in US$ Million), 2020-2034
Figure 40: Global Network Function Virtualization Market by Enterprise Size (in %), 2024 & 2034
Figure 41: Global SMEs Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 42: Global SMEs Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 43: Global Large enterprises Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 44: Global Large enterprises Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 45: Global Network Function Virtualization Market by Region (in %), 2024 & 2034
Figure 46: Europe Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 47: Europe Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 48: Europe Network Function Virtualization Market by Country (in %), 2024 & 2034
Figure 49: Germany Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 50: United Kingdom Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 51: France Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 52: Italy Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 53: Spain Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 54: Russia Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 55: Netherlands Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 56: North America Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 57: North America Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 58: North America Network Function Virtualization Market by Country (in %), 2024 & 2034
Figure 59: United States Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 60: Canada Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 61: Asia Pacific Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 62: Asia Pacific Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 63: Asia Pacific Network Function Virtualization Market by Country (in %), 2024 & 2034
Figure 64: China Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 65: Japan Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 66: India Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 67: South Korea Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 68: Australia Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 69: Indonesia Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 70: Latin America Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 71: Latin America Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 72: Latin America Network Function Virtualization Market by Country (in %), 2024 & 2034
Figure 73: Mexico Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 74: Brazil Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 75: Argentina Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 76: Middle East & Africa Network Function Virtualization Market (in US$ Million), 2020-2024
Figure 77: Middle East & Africa Network Function Virtualization Market (in US$ Million), 2025-2034
Figure 78: Middle East & Africa Network Function Virtualization Market by Country (in %), 2024 & 2034
Figure 79: Saudi Arabia Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 80: Turkey Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 81: Iran Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 82: UAE Network Function Virtualization Market (in US$ Million), 2020-2034
Figure 83: Market Value Chain
List of Tables
Table 1: Global Network Function Virtualization Market Portraiture
Table 2: Global Network Function Virtualization Market by Components (in US$ Million), 2024 & 2034
Table 3: Global Network Function Virtualization Market by Virtualized Network Functions (in US$ Million), 2024 & 2034
Table 4: Global Network Function Virtualization Market by Applications (in US$ Million), 2024 & 2034
Table 5: Global Network Function Virtualization Market by End Users (in US$ Million), 2024 & 2034
Table 6: Enterprises Network Function Virtualization Market by End Users (in US$ Million), 2024 & 2034
Table 7: Global Network Function Virtualization Market by Enterprise Size (in US$ Million), 2024 & 2034
Table 8: Global Network Function Virtualization Market by Region (in US$ Million), 2024 & 2034
Table 9: Europe Network Function Virtualization Market by Country (in US$ Million), 2024 & 2034
Table 10: North America Network Function Virtualization Market by Country (in US$ Million), 2024 & 2034
Table 11: Asia Pacific Network Function Virtualization Market by Country (in US$ Million), 2024 & 2034
Table 12: Latin America Network Function Virtualization Market by Country (in US$ Million), 2024 & 2034
Table 13: Middle East & Africa Network Function Virtualization Market by Country (in US$ Million), 2024 & 2034