The global Network Function Virtualization (NFV) market size is anticipated to reach at USD 41 billion by 2025. The key factors responsible for the growth of the industry include the increasing need for developed active network management systems to manage the increasing network complexities and traffic. NFV uses automated as well as manual techniques along with reviewing minute-level data within the network traffic analytics.
The enterprise network comprises hundreds of network devices that include switches, workstations, hubs, routers, firewalls, virtual machines, servers, and different other network-related components.
It’s being expected that by 2032, the Network Function Virtualization (NFV) market cap will hit US$ 7.8 Bn at a CAGR growth of about 6.6%.
.jpg "The Global Network Function Virtualization Nfv Market 2022-2032 (USD Billion)")
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.
Network Function Virtualization (NFV) Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 7.8 Bn |
| Growth Rate | CAGR of 6.6% during 2022-2032 |
| Segment Covered | By Type, By Polarization, By Diameter, By Frequency Range, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | CommScope Holding Company Inc., Telefonaktiebolaget LM Ericsson, Comba Telecom Systems Holdings, Amphenol Corporation, Cambium Networks, Tongyu Communication Inc., Laird, Wireless Excellence Ltd., Rosenberger Group, Affirmed Networks, 6WIND, VMware Inc., A10 Networks Inc., and Allot Ltd. |
Key Segment Of The Network Function Virtualization (NFV) Market
By Type (USD Billion)
• Parabolic Antenna
• Flat Panel Antenna
• Yagi Antenna
By Polarization, (USD Billion)
• Single-polarized Antenna
• Dual-polarized Antenna
By Diameter, (USD Billion)
• 0.2mm to 0.9mm
• 1.0mm to 3.0mm
• 3.1mm to 4.6mm
By Frequency Range, (USD Billion)
• 1.0 GHz to 0.9 GHz
• 10.0 GHz to 29.9 GHz
• 30.0 GHz to 86.0 GHz
By Application, (USD Billion)
• Telecommunication
• Commercial/Industrial
• Military & Defense
• Satellite
• Others
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of network function virtualizationt market in 2032 was US$ 7.8 Bn.
The base year for the report is 2023 in network function virtualizationt marketshare.
From hundreds to thousands of hubs to switched networks, computers, and Ethernet up to 10 Gbps, the administrator has to manage the network and require more network traffic analysis and monitoring to deal with the growing network activities proficiently. NFV is anticipated to substitute the traditional network functions such as the DNS, DHCP, and IPAM due to the enhanced performance and decreasing expenses of the telecom service providers. Moreover, technological developments aimed at managing folders, images, files, and programs from a single physical site are projected to augment the NFV industry demand. Huge investments for the commercialization of 5G networks are likely to boost the need for NFV solutions. On the other hand, the implementation of virtualization solutions shall help to improve 5G networks' architectural and operational viability including reduced capital expenditure and enhance agility.
Component Segment
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. To support the diverse network requirements of businesses, they will need high-performance virtual routers, and switches, which play an essential role in the IT system and facilitate flexible and robust NFV structure.
Function Segment
Based on the component segment, the market is bifurcated in compute, storage, and services. The compute 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.
End-user Segment
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 in 2019 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.
The global NFV market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the network function virtualization application, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the NFV market in North America.
.png "North America Network Function Virtualization Market 2018-2025 (USD Billion)")
The major players of the global NFV market are Cisco, Ericsson, Huawei, VMware, Nokia, HPE, Dell EMC, Juniper Networks, Affirmed Networks, NETSCOUT, NEC, Ribbon Communications, ZTE Corporation, and more. The NFV market is fragmented with the existence of well-known global and domestic players across the globe.