Global NFV Market Size is Projected to Grow From USD 12.9 Billion in 2019 to USD 36.3 Billion by 2024, at a CAGR of 22.9% -

The "Network Function Virtualization (NFV) Market by Component (Solutions, Orchestration and Automation, and Professional Services), Virtualized Network Function, Application (Virtual Appliance and Core Network), End User, and Region - Global Forecast to 2024" report has been added to's offering.

Rising demand for network virtualization and automation to drive adoption of NFV infrastructure

The exponential increase in the size and complexity of network infrastructures in the last decade has created a need for solutions to simplify and efficiently manage the entire network. NFV solutions cater directly to these problems by providing more flexibility in terms of traffic management to operators to improve network efficiency. Hence, the rising demand for advanced network management systems is driving the global NFV market growth.

The virtual appliance segment to grow at a higher CAGR during the forecast period

Virtual appliance primarily includes various networking operations, such as traffic forwarding, traffic monitoring, security, caching, intrusion detection system, and domain name service. These operations are widely carried over Virtual Customer Premise equipment (VCPe) over the edge. This has considerably affected enterprises to streamline their network complexities. Thus, the segment is expected to record decent momentum in the coming years.

The service providers segment to lead the NFV market in 2019

Service providers such as telecom service providers and cloud service providers are actively leveraging NFV to optimize networks, improve service delivery times, increase Average Revenue Per User (ARPU), and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). NFV transforms networks into more open and programmable frameworks by implementing a decoupled centralized control layer, which optimizes network resources, resulting in reduced network congestions, enhanced network user capacity (bandwidth requirement), and the minimized cost associated with hardware requirement for network user expansions.

APAC to grow at the highest CAGR during the forecast period

APAC consists of major economies, such as China, India, Japan, Australia, and South Korea. These countries are gaining worldwide attention due to their rapid growth and advancements, such as the adoption of cloud, big data, NFV, and digital transformation technologies. The latest 4G and 5G technology intervention in the APAC region is a major reason for the rapid digital transformation in the region. This has led to developments in technologies, such as IoT, BYOD, and mobility services, opening numerous revenue streams and use cases for businesses. The 4G technology is at a growing stage in APAC, owing to the increasing subscriber base, favorable policies and regulations, and demand for data storage and security. All these factors act as drivers for the NFV market due to rapid digital transformation and wide scope of growth.

Key benefits of buying the report

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall NFV market and its segments. This report is also expected to help stakeholders in understanding the competitive landscape and gaining insights to improve the position of their businesses and plan suitable go-to-market strategies. It also aims at helping stakeholders in understanding the pulse of the market and providing them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Assumptions for the Study
2.5 Competitive Leadership Mapping
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Global Market
4.2 Network Function Virtualization Market, By Virtualized Network Function, 2019
4.3 North America: Market By Application and End User, 2019
4.4 Asia Pacific: Market By Application and End User, 2019

5 Market Overview and Industry Trends
5.1 Market Dynamics
5.1.1 Drivers
5.1.2 Restraints
5.1.3 Opportunities
5.1.4 Challenges
5.2 Use Cases

6 Network Function Virtualization Market By Component
6.1 Introduction
6.2 Solutions
6.2.1 Hardware
6.2.2 Software
6.3 Orchestration and Automation
6.4 Professional Services
6.4.1 Consulting
6.4.2 Implementation
6.4.3 Training and Support

7 Network Function Virtualization Market By Virtualized Network Function
7.1 Introduction
7.2 Compute
7.3 Storage
7.4 Network

8 Network Function Virtualization Market By Application
8.1 Introduction
8.2 Virtual Appliance
8.3 Core Network

9 Network Function Virtualization Market, By End User
9.1 Introduction
9.2 Service Providers
9.3 Data Centers
9.4 Enterprises

10 Network Function Virtualization Market By Enterprise Size
10.1 Introduction
10.2 Small and Medium-Sized Enterprises
10.3 Large Enterprises

11 Network Function Virtualization Market By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Latin America
11.6 Middle East and Africa

12 Competitive Landscape
12.1 Introduction
12.2 Competitive Leadership Mapping (Overall Market)
12.3 Strength of Product Portfolio
12.4 Business Strategy Excellence
12.5 Market Ranking for the Network Function Virtualization Market, 2018

13 Company Profiles
13.1 Cisco
13.2 VMware
13.3 Huawei
13.4 Ericsson
13.5 Nokia
13.6 HPE
13.7 Dell EMC
13.8 Juniper Networks
13.9 NEC
13.10 Affirmed Networks
13.11 Ribbon Communications
13.12 ZTE
13.14 Fujitsu
13.15 Ciena
13.16 ECI Telecom
13.17 Metaswitch Networks
13.18 Mavenir
13.19 Radisys
13.20 Wind River

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