Network Function Virtualization (NFV) Market; Global Industry Overview, Revenue Growth, Demand and Forecast by 2025

According to IMARC Group’s latest report, titled “Network Function Virtualization (NFV) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global network function virtualization market experienced double-digit growth during 2014-2019. Looking forward, IMARC Group expects the global market to continue its strong growth by 2025.

Network function virtualization (NFV) refers to the utilization of virtual network components to support an infrastructure without hardware. This software-based network combines various physical networks into a single virtual block. NFV creates a firewall, controls traffic and virtually route the given resources from hardware to a software. It enables administrators to operate virtual machines across domains without restructuring the network. NFV also makes it easier to manage files, programs, and images through a single site.

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The global network function virtualization market is primarily driven by the widespread adoption of the cloud-based solutions across various sectors. Consequently, there is an increasing need to efficiently handle virtual traffic and complexities, which is driving the demand for NFV solutions. The associated convenience and time-efficiency offered by the utilization of NFV technology are acting as other major growth-inducing factors. Extensive research and development activities, increasing investments in the 5G technology and the advent of advanced NFV solutions are some of the other factors driving the market growth further.

Competitive Landscape With Key Players:

The competitive landscape of the network function virtualization market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Affirmed Networks Inc. (Microsoft Corporation)
  • Allot Ltd.
  • Amdocs
  • Ciena Corporation (Tellabs Inc.)
  • Cisco Systems Inc.
  • Dell EMC (Dell Technologies Inc.)
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • Juniper Networks Inc.
  • NEC Corporation
  • Nokia Corporation
  • Telefonaktiebolaget LM Ericsson
  • ZTE Corporation

Key Market Segmentation:

The report has segmented the global network function virtualization market on the basis of region, offering, deployment mode, enterprise size, application and end user.

Breakup by Offering:

  • Software
  • Orchestration and Automation
  • Services

Breakup by Deployment Mode:

  • Cloud-Based
  • On-Premises

Breakup by Enterprise Size:

  • Small and Medium Enterprises
  • Large Enterprises

Breakup by Application:

  • Virtual Appliance
  • Core Network

Breakup by End-User:

  • BFSI
  • Healthcare
  • Retail
  • Manufacturing
  • Government and Defense
  • Education
  • IT and Telecom
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Explore Full Report with TOC & List of Figure:

Key highlights of the report:

  • Market Performance (2014-2019)
  • Market Outlook (2020- 2025)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Elena Anderson

9+ years in chemical & material has made Elena more or less an expert in everything related to medicines, drugs, chemicals and related sectors – at least from the PR front. Through his insider access to the sector, he has gained valuable insight into the entire manufacturing process of chemical and material.

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