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
The global Network Function Virtualization Market size is projected to grow from USD 12.9 billion in 2019 to USD 36.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.9% during the forecast period. The major factors driving the market include the growing need for advanced network management systems to handle the increasing network traffic and complexities.
Network Function Virtualization Market Dynamics
The virtual appliance segment to record a higher growth rate during the forecast period
Virtual appliance primarily includes various networking operations, including traffic forwarding, traffic monitoring, security, caching, intrusion detection system, and domain name service, among others. These operations are widely carried over Virtual Customer Premise equipment (VCPe) over the edge. This has considerably affected the enterprises to streamline their network complexities, and thus, the segment is expected to record decent momentum in the coming years.
The orchestration and automation segment to hold the largest market size during the forecast period
Orchestration and automation comprise several components, which include Software-Defined Networking (SDN) controllers, virtual infrastructure managers, NFV orchestrator, and Wide Area Network (WAN) configuration, among others. The main task of orchestration is to automate and enhance network service creation through a combination of Virtualized Network Functions (VNFs), scaling, self-healing, and resource lifecycle management of network services. VNFs interact with service orchestrators when there are no cross-domain network orchestrators. Owing to orchestration and automation usability and criticality, its deployment is witnessed on a large scale specifically when there is no vendor lock-in and the solutions are customized and off the shelves.
Under end users, the enterprise vertical to grow at the highest CAGR during the forecast period
The enterprise customers are rapidly adopting NFV, as it offers significant benefits such as improved network efficiency through centralized management, enhanced IT agility, and network customization through fast and reliable application services. The enterprise customers have been categorized into various verticals, such as Banking, Financial Services, and Insurance (BFSI), manufacturing, retail, healthcare, education, transportation and logistics, energy and utilities, and others which includes hospitality, transportation and logistics, media and entertainment, and utilities. In the present scenario, the deployment of NFV is prevalent across BFSI, retail, manufacturing, and healthcare verticals.
North America to lead the global Network Function Virtualization market in 2019
North America is estimated to account for the major share of the NFV market in 2019. It is a market with high growth potential in NFV. The NFV market in North America is aided by the early and fast adoption of technologies, such as cloud computing, Software Defined everything (SDx), and IoT. High industrialization in countries such as the US and Canada has always been a positive factor for aiding fast growth in various business verticals. The countries in North America have favorable standards and networking regulations that help in boosting the NFV market growth. North America is a home for numerous NFV infrastructure providers, including Cisco, IBM, Juniper Networks, and Extreme Networks. It is also a potential market for investment opening up new opportunities for the adoption of NFV infrastructure. Due to increased 5G deployments, the adoption of NFV is increased in the region. However, in NFV, the control of the whole network is with the controller; hence, the deployment requires various organizational, functional, and cultural changes within organizations.
Key Market Players
The key players profiled in the network function virtualization market include Cisco (US), Ericsson (US), Huawei (China), VMware(US), Nokia (Finland), HPE (US), Dell EMC (US), Juniper Networks (US), Affirmed Networks (US), NETSCOUT (US), NEC (Japan), Ribbon Communications (US), ZTE Corporation (China), Fujitsu (Japan), Ciena (US), ECI Telecom (Israel), Metaswitch (UK), Mavenir (US), Radisys (US), and Wind River (US).
These players have adopted various growth strategies, such as partnerships, agreements, and collaborations and new product launches and product enhancements to further expand their presence in the NFV market and increase their customer base.
Scope of the Network Function Virtualization Market Report
|
Report Metrics |
Details |
|
Market size value in 2019 |
USD 12.9 billion |
|
Revenue forecast in 2024 |
USD 36.3 billion |
|
Growth Rate |
22.9% CAGR |
|
Historical data |
2017-2024 |
|
Base year for estimation |
2018 |
|
Forecast period |
2019-2024 |
|
Quantitative units |
Value (USD Billion) |
|
Segments covered |
Components (Solutions, Orchestration and Automation, and Services), Virtualized Network Functions (Compute, Storage, and Network), Applications (Virtual Appliance and Core Network), End Users (Service Providers, Data Centers, and Enterprises), Organization Size (Small and Medium-sized Enterprises [SME]s and Large Enterprises), and Regions |
|
Regions covered |
North America, Europe, APAC, Latin America, and MEA |
|
Companies covered |
Cisco (US), Ericsson (US), Huawei (China), VMware(US), Nokia (Finland), HPE (US), Dell EMC (US), Juniper Networks (US), Affirmed Networks (US), NETSCOUT (US), NEC (Japan), Ribbon Communications (US), ZTE Corporation (China), Fujitsu (Japan), Ciena (US), ECI Telecom (Israel), Metaswitch (UK), Mavenir (US), Radisys (US), and Wind River (US) |
This research report categorizes the network function virtualization market to forecast revenue and analyze trends in each of the following submarkets:
Based on Components:
- Solutions
- Orchestration and Automation
- Services
Based on virtualized Network Functions
- Compute
- Storage
- Network
Based on Applications:
- Virtual Appliance
- Core Network
Based on End Users:
- Service Providers
- Data Centers
-
Enterprises
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Retail
- Manufacturing
- Government and Defense
- Education
- IT-enabled Services
- Others (Hospitality, transportation and logistics, media and entertainment, and utilities)
Based on Enterprise Size
- SMEs
- Large enterprises
Based on Regions:
-
North America
- US
- Canada
-
Europe
- UK
- Germany
- France
- Rest of Europe
-
APAC
- China
- Japan
- India
- Rest of APAC
-
MEA
- Middle East
- South Africa
- Rest of MEA
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments
- In November 2019, VMware expanded its partnership with Nokia to simplify large-scale, multi-cloud operations. This partnership also aims at increasing investments, along with technology collaboration and advanced research & development, to develop integrated solutions.
- In October 2019, Ericsson collaborated with NVIDIA to provide 5G radio access networks (RAN). Under this collaboration, both the companies will focus on developing the technologies that will enable communication service providers to build virtualized 5G RAN. It will accelerate the introduction of new AI- and IoT-based services.
- In October 2019, Nokia launched new packet-optical switches for 5G cloud RAN. This newly introduced packet-optical transport switches offer Time-Sensitive Networking (TSN), ultra-low latency, and cloud-native radio architectures required to support time-critical services in 5G.
- In September 2019, Cisco released the latest version 3.12.x of Cisco Enterprise NFVIS. The newly added enhanced features include Data Plane Development Kit (DPDK) enhancements, such as service bridge extension to platforms and migration for Virtual Machines (VMs) with Physical Network Adapter (PNIC) () associated to DPDK bridge.
- In March 2019, Huawei launched a new solution, Telco Cloud Networking. The solution will assist carriers in providing innovative services that will empower 5G, IoT, and Virtual Reality (VR). )
Key questions addressed by the report
- What are the growth opportunities in the Network Function Virtualization market?
- What is the competitive landscape scenario in the NFV market?
- What are the regulations that are expected to have an impact on the NFV market?
- How NFV solutions and services have evolved from traditional technologies?
- What are the dynamics of the NFV market?
Frequently Asked Questions (FAQ):
What is the projected market value of Network Function Virtualization Market?
What is the estimated growth rate (CAGR) of the global Network Function Virtualization Market?
What is Network Function Virtualization?
What are the top trends in the Network Function Virtualization Market?
- The emergence of cloud services, data center consolidation, and server virtualization
- Rising demand for network virtualization and automation
- Need for an enhanced network management system to handle the growing network traffic and complexity
- Adoption of NFV for the IoT technology
- Increasing demand for private cloud solutions and services ]
- Development of open-source SDN and NFV
Who are the prominent players in the Network Function Virtualization Market?
What are the major NFV-based applications?
- Virtual Appliance
-
Core Network
- Multi-access Edge Computing (MEC)
- Virtualized Radio Access Network (vRAN)
- Virtualized Evolved Packet Core (vEPC)
- Virtualized IP Multimedia Subsystem (vIMS)
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 19)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 24)
2.1 Research Data
2.1.1 Breakup of Primaries
2.1.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Assumptions for the Study
2.5 Competitive Leadership Mapping
2.6 Limitations of the Study
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 35)
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 (Page No. - 37)
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Need for an Enhanced Network Management System to Handle the Growing Network Traffic and Complexity
5.1.1.2 Increased Emergence of Cloud Services, Data Center Consolidation, and Server Virtualization
5.1.1.3 Rise in Demand for Network Virtualization and Automation
5.1.2 Restraints
5.1.2.1 Growing Number of Security Risks Across the NFV Infrastructure
5.1.2.2 Difficulties in Troubleshooting Across the NFV Network
5.1.3 Opportunities
5.1.3.1 Adoption of NFV for IoT Technology
5.1.3.2 Increased Demand for Private Cloud Solutions and Services
5.1.3.3 Development of Open-Source SDN and NFV
5.1.4 Challenges
5.1.4.1 Complexities Introduced By Third-Party Integrations, Acquisitions, and Collaborations
5.1.4.2 Reliability Concerns for NFV
5.1.4.3 Balancing Network Infrastructure Between Traditional and NFV Technologies
5.2 Use Cases
5.2.1 SD-WAN
5.2.2 VCPE
5.2.3 NFV-Based Service Orchestration
5.2.4 Augmentation Service Offering Through NFV
5.2.5 Virtual Managed Services for Small and Medium Enterprises
6 Network Function Virtualization Market By Component (Page No. - 45)
6.1 Introduction
6.2 Solutions
6.2.1 Hardware
6.2.1.1 Hardware: NFV Market Drivers
6.2.2 Software
6.2.2.1 Software: NFV Market Drivers
6.3 Orchestration and Automation
6.3.1 Orchestration and Automation: Network Function Virtualization Market Drivers
6.4 Professional Services
6.4.1 Consulting
6.4.1.1 Consulting: NFV Market Drivers
6.4.2 Implementation
6.4.2.1 Implementation: NFV Market Drivers
6.4.3 Training and Support
6.4.3.1 Training and Support: NFV Market Drivers
7 Network Function Virtualization Market By Virtualized Network Function (Page No. - 54)
7.1 Introduction
7.2 Compute
7.2.1 Compute: Market Drivers
7.3 Storage
7.3.1 StoraGE: Market Drivers
7.4 Network
7.4.1 Network: Market Drivers
8 Network Function Virtualization Market By Application (Page No. - 59)
8.1 Introduction
8.2 Virtual Appliance
8.2.1 Virtual Appliance: Market Drivers
8.3 Core Network
8.3.1 Mobile Edge Computing
8.3.1.1 MEC: NFV Market Drivers
8.3.2 Virtualized Radio Access Network
8.3.2.1 VRAN: NFV Market Drivers
8.3.3 Virtualized Evolved Packet Core
8.3.3.1 VEPC: NFV Market Drivers
8.3.4 Virtual Internet Protocol Multimedia Subsystem
8.3.4.1 VIMS: NFV Market Drivers
9 Network Function Virtualization Market, By End User (Page No. - 66)
9.1 Introduction
9.2 Service Providers
9.2.1 Service Providers: Market Drivers
9.2.2 Network Service Providers
9.2.3 Telecom Operators
9.3 Data Centers
9.3.1 Data Centers: Market Drivers
9.4 Enterprises
9.4.1 Enterprises: Market Drivers
9.4.2 Banking, Financial Services, and Insurance
9.4.3 Manufacturing
9.4.4 Retail
9.4.5 Healthcare
9.4.6 Education
9.4.7 Government and Defense
9.4.8 Others
10 Network Function Virtualization Market By Enterprise Size (Page No. - 78)
10.1 Introduction
10.2 Small and Medium-Sized Enterprises
10.2.1 Small and Medium-Sized Enterprises: Market Drivers
10.3 Large Enterprises
10.3.1 Large Enterprises: Market Drivers
11 Network Function Virtualization Market By Region (Page No. - 82)
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.1.1 United States: NFV Market Drivers
11.2.2 Canada
11.2.2.1 Canada: NFV Market Drivers
11.3 Europe
11.3.1 United Kingdom
11.3.1.1 United Kingdom: NFV Market Drivers
11.3.2 Germany
11.3.2.1 Germany: NFV Market Drivers
11.3.3 France
11.3.3.1 France: NFV Market Drivers
11.4 Asia Pacific
11.4.1 Japan
11.4.1.1 Japan: NFV Market Drivers
11.4.2 China
11.4.2.1 China: NFV Market Drivers
11.4.3 India
11.4.3.1 India: NFV Market Drivers
11.5 Latin America
11.5.1 Brazil
11.5.1.1 Brazil: NFV Market Drivers
11.5.2 Mexico
11.5.2.1 Mexico: NFV Market Drivers
11.6 Middle East and Africa
11.6.1 Middle East
11.6.1.1 Middle East: NFV Market Drivers
11.6.2 Africa
11.6.2.1 Africa: NFV Market Drivers
12 Competitive Landscape (Page No. - 110)
12.1 Introduction
12.2 Competitive Leadership Mapping (Overall Market)
12.2.1 Visionary Leaders
12.2.2 Innovators
12.2.3 Dynamic Differentiators
12.2.4 Emerging Companies
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 (Page No. - 115)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
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
13.13 NETSCOUT
13.14 Fujitsu
13.15 Ciena
13.16 ECI Telecom
13.17 Metaswitch Networks
13.18 Mavenir
13.19 Radisys
13.20 Wind River
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 151)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (98 Tables)
Table 1 United States Dollar Exchange Rate, 2017–2019
Table 2 Network Function Virtualization Market Size, By Component, 2017–2024 (USD Million)
Table 3 Solutions: Market Size By Region, 2017–2024 (USD Million)
Table 4 Solutions: Market Size By Type, 2017–2024 (USD Million)
Table 5 Hardware Market Size, By Region, 2017–2024 (USD Million)
Table 6 Software Market Size, By Region, 2017–2024 (USD Million)
Table 7 Orchestration and Automation: Network Function Virtualization Market Size, By Region, 2017–2024 (USD Million)
Table 8 Professional Services: Market Size By Region, 2017–2024 (USD Million)
Table 9 Professional Services: Market Size By Type, 2017–2024 (USD Million)
Table 10 Consulting Market Size, By Region, 2017–2024 (USD Million)
Table 11 Implementation Market Size, By Region, 2017–2024 (USD Million)
Table 12 Training and Support Market Size, By Region, 2017–2024 (USD Million)
Table 13 Network Function Virtualization Market Size, By Virtualized Network Function, 2017–2024 (USD Million)
Table 14 Compute: Market Size By Region, 2017–2024 (USD Million)
Table 15 Storage: Market Size By Region, 2017–2024 (USD Million)
Table 16 Network: Market Size By Region, 2017–2024 (USD Million)
Table 17 Network Function Virtualization Market Size, By Application, 2017–2024 (USD Million)
Table 18 Virtual Appliance: Market Size By Region, 2017–2024 (USD Million)
Table 19 Core Network: Market Size By Region, 2017–2024 (USD Million)
Table 20 Core Network: Market Size By Type, 2017–2024 (USD Million)
Table 21 Mobile Edge Computing Market Size, By Region, 2017–2024 (USD Million)
Table 22 Virtualized Radio Access Network Market Size, By Region, 2017–2024 (USD Million)
Table 23 Virtualized Evolved Packet Core Market Size, By Region, 2017–2024 (USD Million)
Table 24 Virtual Internet Protocol Multimedia Subsystem Market Size, By Region, 2017–2024 (USD Million)
Table 25 Network Function Virtualization Market Size, By End User, 2017–2024 (USD Million)
Table 26 Service Providers: Market Size By Region, 2017–2024 (USD Million)
Table 27 Service Providers: Market Size By Type, 2017–2024 (USD Million)
Table 28 Network Service Providers Market Size, By Region, 2017–2024 (USD Million)
Table 29 Telecom Operators Market Size, By Region, 2017–2024 (USD Million)
Table 30 Data Centers: Network Function Virtualization Market Size, By Region, 2017–2024 (USD Million)
Table 31 Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 32 Enterprises: Market Size By Vertical, 2017–2024 (USD Million)
Table 33 Banking, Financial Services, and Insurance Market Size, By Region, 2017–2024 (USD Million)
Table 34 Manufacturing Market Size, By Region, 2017–2024 (USD Million)
Table 35 Retail Market Size, By Region, 2017–2024 (USD Million)
Table 36 Healthcare Market Size, By Region, 2017–2024 (USD Million)
Table 37 Education Market Size, By Region, 2017–2024 (USD Million)
Table 38 Government and Defense Market Size, By Region, 2017–2024 (USD Million)
Table 39 Other Verticals Market Size, By Region, 2017–2024 (USD Million)
Table 40 Network Function Virtualization Market Size, By Enterprise Size, 2017–2024 (USD Million)
Table 41 Small and Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 42 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 43 Network Function Virtualization Market Size, By Region, 2017–2024 (USD Million)
Table 44 North America: Market Size By Component, 2017–2024 (USD Million)
Table 45 North America: Market Size By Solution, 2017–2024 (USD Million)
Table 46 North America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 47 North America: Market Size By Virtualized Network Function, 2017–2024 (USD Million)
Table 48 North America: Market Size By Application, 2017–2024 (USD Million)
Table 49 North America: Core Network Market Size, By Type, 2017–2024 (USD Million)
Table 50 North America: Network Function Virtualization Market Size, By End User, 2017–2024 (USD Million)
Table 51 North America: End User Market Size, By Service Provider, 2017–2024 (USD Million)
Table 52 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 53 North America: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 54 North America: Market Size By Country, 2017–2024 (USD Million)
Table 55 Europe: Network Function Virtualization Market Size, By Component, 2017–2024 (USD Million)
Table 56 Europe: Market Size By Solution, 2017–2024 (USD Million)
Table 57 Europe: Market Size By Professional Service, 2017–2024 (USD Million)
Table 58 Europe: Market Size By Virtualized Network Function, 2017–2024 (USD Million)
Table 59 Europe: Market Size By Application, 2017–2024 (USD Million)
Table 60 Europe: Core Network Application Market Size, By Type, 2017–2024 (USD Million)
Table 61 Europe: Market Size By End User, 2017–2024 (USD Million)
Table 62 Europe: End User Market Size, By Service Provider, 2017–2024 (USD Million)
Table 63 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 64 Europe: Vertical Market Size, By Enterprise Size, 2017–2024 (USD Million)
Table 65 Europe: Network Function Virtualization Market Size, By Country, 2017–2024 (USD Million)
Table 66 Asia Pacific: Market Size By Component, 2017–2024 (USD Million)
Table 67 Asia Pacific: Market Size By Solution, 2017–2024 (USD Million)
Table 68 Asia Pacific: Market Size By Professional Service, 2017–2024 (USD Million)
Table 69 Asia Pacific: Market Size By Virtualized Network Function, 2017–2024 (USD Million)
Table 70 Asia Pacific: Market Size By Application, 2017–2024 (USD Million)
Table 71 Asia Pacific: Core Network Market Size, By Type, 2017–2024 (USD Million)
Table 72 Asia Pacific: Market Size By End User, 2017–2024 (USD Million)
Table 73 Asia Pacific: End User Market Size, By Service Provider, 2017–2024 (USD Million)
Table 74 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 75 Asia Pacific: Vertical Market Size, By Enterprise Size, 2017–2024 (USD Million)
Table 76 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 77 Latin America: Network Function Virtualization Market Size, By Component, 2017–2024 (USD Million)
Table 78 Latin America: Market Size By Solution, 2017–2024 (USD Million)
Table 79 Latin America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 80 Latin America: Market Size By Virtualized Network Function, 2017–2024 (USD Million)
Table 81 Latin America: Market Size By Application, 2017–2024 (USD Million)
Table 82 Latin America: Core Network Application Market Size, By Type, 2017–2024 (USD Million)
Table 83 Latin America: Market Size By End User, 2017–2024 (USD Million)
Table 84 Latin America: End User Market Size, By Service Provider, 2017–2024 (USD Million)
Table 85 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 86 Latin America: Vertical Market Size, By Enterprise Size, 2017–2024 (USD Million)
Table 87 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 88 Middle East and Africa: Network Function Virtualization Market Size, By Component, 2017–2024 (USD Million)
Table 89 Middle East and Africa: Market Size By Solution, 2017–2024 (USD Million)
Table 90 Middle East and Africa: Market Size By Professional Service, 2017–2024 (USD Million)
Table 91 Middle East and Africa: Market Size By Virtualized Network Function, 2017–2024 (USD Million)
Table 92 Middle East and Africa: Market Size By Application, 2017–2024 (USD Million)
Table 93 Middle East and Africa: Core Network Application Market Size, By Type, 2017–2024 (USD Million)
Table 94 Middle East and Africa: Market Size By End User, 2017–2024 (USD Million)
Table 95 Middle East and Africa: End User Market Size, By Service Provider, 2017–2024 (USD Million)
Table 96 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 97 Middle East and Africa: Vertical Market Size, By Enterprise Size, 2017–2024 (USD Million)
Table 98 Middle East and Africa: Network Function Virtualization Market Size, By Sub-Region, 2017–2024 (USD Million)
List of Figures (44 Figures)
Figure 1 Network Function Virtualization Market: Research Design
Figure 2 Research Methodology
Figure 3 Market: Top-Down and Bottom-Up Approaches
Figure 4 Competitive Leadership Mapping: Criteria Weightage
Figure 5 Market By Component, 2019 and 2024
Figure 6 Market By Virtualized Network Function, 2019 and 2024
Figure 7 Market By Application, 2019 and 2024
Figure 8 Service Providers Segment to be the Largest Revenue Contributor in 2019 and 2024
Figure 9 Asia Pacific to Witness the Highest Growth Rate By 2024
Figure 10 Growing Number of IoT Deployments Followed By 5g Transformation to Support NFV Market Growth
Figure 11 Network Segment to Account for the Highest Market Share in 2019
Figure 12 Virtual Appliance Application and Service Provider End User to Hold Majority of the Market Share in North America
Figure 13 Virtual Appliance Application and Service Provider End User to Hold Majority of the Market Share in Asia Pacific
Figure 14 Drivers, Restraints, Opportunities, and Challenges: Network Function Virtualization Market
Figure 15 Orchestration and Automation Segment to Witness the Highest Growth Rate During the Forecast Period
Figure 16 Storage Segment to Record the Highest Growth Rate During the Forecast Period
Figure 17 Virtual Appliance to Record a Larger Market Size During the Forecast Period
Figure 18 Virtualized Evolved Packet Core to Record the Largest Market Size During the Forecast Period
Figure 19 Service Providers to Account for the Largest Market Size During the Forecast Period
Figure 20 Banking, Financial Services, and Insurance to Account for the Largest Market Size During the Forecast Period
Figure 21 Small and Medium-Sized Enterprises to Record a Higher Growth Rate During the Forecast Period
Figure 22 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Network Function Virtualization Market (Global), Competitive Leadership Mapping
Figure 26 Cisco to Dominate the NFV Market in 2019
Figure 27 Cisco: Company Snapshot
Figure 28 Cisco: SWOT Analysis
Figure 29 VMware: Company Snapshot
Figure 30 VMware: SWOT Analysis
Figure 31 Huawei: Company Snapshot
Figure 32 Huawei: SWOT Analysis
Figure 33 Ericsson: Company Snapshot
Figure 34 Ericsson: SWOT Analysis
Figure 35 Nokia: Company Snapshot
Figure 36 Nokia: SWOT Analysis
Figure 37 HPE: Company Snapshot
Figure 38 Juniper Networks: Company Snapshot
Figure 39 NEC: Company Snapshot
Figure 40 Ribbon Communications: Company Snapshot
Figure 41 ZTE: Company Snapshot
Figure 42 NETSCOUT: Company Snapshot
Figure 43 Fujitsu: Company Snapshot
Figure 44 Ciena: Company Snapshot
The study involved four major activities to estimate the current market size of the Network Function Virtualization market (NFV). Exhaustive secondary research was done to collect information on the NFV market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the NFV market.
Secondary Research
In the secondary research process, various secondary sources, including D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. These secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.
Primary Research
The NFV market comprises several stakeholders, such as government agencies, NFV Original Equipment Manufacturers (OEMs), NFV service providers, system integrators, consulting firms, research organizations, resellers and distributors, managed service providers, regulatory authorities and associations, Information Technology (IT) service providers, consultants/consultancies/advisory firms, and training providers. The demand side of the NFV market consists of all the firms operating in several verticals. The supply side includes NFV providers offering NFV solutions and services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Given below is the breakup of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Network Function Virtualization Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the global NFV market and various other dependent submarkets in the overall market. An exhaustive list of all the vendors who offer solutions and services in the NFV market was prepared while using the top-down approach. The market share of all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on its components (solutions and services). The aggregate of all companies’ revenue was extrapolated to reach the overall market size.
Furthermore, each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the demand and supply sides.
Report Objectives
- To determine and forecast the global Network Function Virtualization market by component, Virtualized Network Function (VNF), application. end users, and region from 2019 to 2024, and analyze various macroeconomic and microeconomic factors that affect the market growth
- To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the NFV market
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the NFV market
- To profile key market players; provide a comparative analysis based on business overview, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market
- To track and analyze competitive developments, such as mergers and acquisitions, new product/service launches, business expansions, partnerships and collaborations, and Research and Development (R&D) activities in the market
Available Customizations
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Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Growth opportunities and latent adjacency in Network Function Virtualization (NFV) Market