The Scope of the Report
The market for network function virtualization was valued USD 12.87 Billion in 2019 and is expected to reach around USD 50.24 Billion by 2026, at a CAGR approximately 21.60 % for the forecast period from 2020 to 2026. Network function virtualization (NFV) is a virtual network that is made up of a combination of hardware and software. It aids in the optimization of networks and related processes, as well as the reduction of power consumption, lowering equipment costs. It allows several apps to be accessed from a single network appliance. Network function virtualization provides a significant reduction in capital and operational costs.
The market is growing due to an increase in the adoption of ritualized software among enterprise data centres, including internet service providers (ISP) and cloud service providers (CSP). However, the market is hampered by the slow adoption of this technology. Furthermore, the rising need for data-intensive applications and the demand for cloud-based services are likely to create significant market potential prospects.
Component, application, and geography are the three segments that make up the worldwide network function virtualization market. It is separated into software and infrastructure & services based on component. Switching elements (routers), service assurance, next-generation signalling, security function, and others make up the application segment. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Global Network Function Virtualization Market
The top Leading Market Players Covered in this Report are : Ericsson Telecommunications, Cisco Systems, VMware Incorporation, Huawei Technologies Co., Ltd, Hewlett Packard Enterprise, Dell EMC, NETSCOUT, Nokia Corporation, ZTE Corporation and Fujitsu among others..
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Market Segmentation By Types – Type I, Type II, Others
Market Segmentation By Application – Data Centers, Retail, BFSI, Healthcare, Enterprise Size Providers, Government And Defense, Manufacturing, IT-Enabled Services, Education, Others
Global Network Function Virtualization market Witness Most Promising Rise in Demand
According to a recent industry analysis published by Zion Market Research, the worldwide Network Function Virtualization market would grow at a healthy rate throughout the forecast year. Rapid technological advancements, rising investment in research & development, and rising demand from a variety of end-users are just a few of the factors that will propel the global Network Function Virtualization industry forward. The research focuses on important market categories and geographies, providing in-depth information on the latest trends, revenue, and prospects in the global Network Function Virtualization market.
The most recent market research provides a detailed study of ten leading industry players who control about half of the Network Function Virtualization market. These market participants were chosen based on market share, business categories, net revenue, product portfolio, R&D investment, subsidiaries, and geographic presence, among other variables. Investors will benefit from a detailed analysis of significant market participants to better understand the current market situation, industry rivalry, market-dominating businesses, and their future investment plans. This will aid investors who are already in the market or who are planning to enter it in order to make better decisions.
The report examined various market segments in order to provide a comprehensive picture of the industry. The segment analysis is based on in-depth research of current market trends, product demand, and future trends that will propel a certain market segment’s growth throughout the forecast period. Investors might focus on a certain market sector that will contribute to the organization’s speedy growth by studying the nuances of market segments.
Major geographical regions such as North America, Europe, Asia Pacific, Latin America, the Middle East & Africa are covered in the global Network Function Virtualization market study. The research looks at current & future growth forecasts, untapped markets at the country level, consumption scenarios, product demand, and market growth variables in the region.
The study on the global Network Function Virtualization market by Zion Market Research was generated using extensive secondary research, which is backed up by primary research. All the data gathered through secondary research is a collection from reliable sources such as SEC filings, yearly reports, various institutions, and government websites. A top-down and bottom-up methodology has also been employed to forecast the market size of the worldwide Network Function Virtualization market for the forecast period of 2021-2027. Furthermore, the research analyst has designed a report that will allow the user to readily comprehend the industry by employing an analytical method and a complete examination of the market.
Why should buy this report from Zion?
This recently published report on the global Network Function Virtualization market enables users to comprehend competition analysis, key market segments, revenue sources, and current market trends. Each chapter in the study is arranged in a logical order to provide a better understanding of the market. Each of the statistical analyses presented in the study is backed up by data gathered from reliable sources, allowing for a clearer picture of the market.