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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 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.
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.
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)
Regional Overview, 2018-2025 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
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.
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.
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 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.
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.
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)
Regional Overview, 2018-2025 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Rise in demand for network virtualization and automation
4.3.1.2 Increased emergence of data center consolidation, cloud services, and server virtualization
4.3.2 Restraints
4.3.2.1 Rising security risks across the NFV infrastructure
4.3.3 Opportunities
4.5 PEST Analysis
Chapter 5 Network Function Virtualization Market By Component
5.1 Introduction
5.1.1 Hardware
5.1.2 Software
5.1.3 Services
Chapter 6 Network Function Virtualization Market By Application
6.1 Introduction
6.2 Service Providers
6.3 Data Centers
6.4 Enterprises
6.4.1 BFSI
6.4.2 IT & Telecom
6.4.3 by Government
6.4.4 Healthcare
6.4.5 Retail
6.4.6 Energy
6.4.7 Manufacturing
6.4.8 Others
Chapter 7 Network Function Virtualization Market By Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Others
Chapter 9 Company Profiles
9.1 Cisco
9.1.1 Overview
9.1.2 Products and Services Portfolio
9.1.3 Recent Initiatives
9.1.4 Company Financials
9.1.5 SWOT
9.2 Ericsson
9.2.1 Overview
9.2.2 Products and Services Portfolio
9.2.3 Recent Initiatives
9.2.4 Company Financials
9.2.5 SWOT
9.3 Huawei
9.3.1 Overview
9.3.2 Products and Services Portfolio
9.3.3 Recent Initiatives
9.3.4 Company Financials
9.3.5 SWOT
9.4 VMware
9.4.1 Overview
9.4.2 Products and Services Portfolio
9.4.3 Recent Initiatives
9.4.4 Company Financials
9.4.5 SWOT
9.5 Nokia
9.5.1 Overview
9.5.2 Products and Services Portfolio
9.5.3 Recent Initiatives
9.5.4 Company Financials
9.5.5 SWOT
9.6 HPE
9.6.1 Overview
9.6.2 Products and Services Portfolio
9.6.3 Recent Initiatives
9.6.4 Company Financials
9.6.5 SWOT
9.7 Dell EMC
9.7.1 Overview
9.7.2 Products and Services Portfolio
9.7.3 Recent Initiatives
9.7.4 Company Financials
9.7.5 SWOT
9.8 Juniper Networks
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.8 Affirmed Networks
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.9 NETSCOUT
9.9.1 Overview
9.9.2 Products and Services Portfolio
9.9.3 Recent Initiatives
9.9.4 Company Financials
9.9.5 SWOT
9.11 Other Companies