Network Function Virtualization Market
Report ID: SQMIG50C2028
Network Function Virtualization Market Size, Share, Growth Analysis, By Component(Hardware, Software, Services (Professional Services, Managed Services)), By Deployment Model(On-Premises, Cloud-Based), By Virtualized Network Function (VNF)(Virtualized EPC (Evolved Packet Core), Virtualized IMS (IP Multimedia Subsystem), Virtualized RAN (Radio Access Network), Virtualized CDN (Content Delivery Network)), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG50C2028 |
Region:
Global |
Published Date: March, 2024
Pages:
177
|Tables:
93
|Figures:
76
Network Function Virtualization Market Insights
Network Function Virtualization Market size was valued at USD 26.87 Billion in 2023 and is poised to grow from USD 32.75 Billion in 2024 to USD 159.68 Billion by 2032, growing at a CAGR of 21.90% during the forecast period (2025-2032).
In recent years, the global Network Function Virtualization (NFV) marketplace is characterised by way of sturdy boom pushed by using the continuing digital transformation across industries. NFV is witnessing expanded adoption due to its ability to beautify community flexibility, scalability, and value-efficiency by way of virtualizing conventional network features. The call for for agile and software-pushed community infrastructure, coupled with the arrival of 5G technology, hurries up NFV deployment.
However, demanding situations like security concerns and interoperability problems pose restraints. The marketplace famous a diverse landscape with telecom operators, IT organizations, and networking solution carriers gambling pivotal roles. Key tendencies consist of the combination of NFV with cloud-native technologies, fostering innovation and responsiveness in meeting evolving network needs. It's advisable to consult the modern day industry reports for the maximum contemporary insights into the dynamic NFV marketplace.
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Network Function Virtualization Market Segmental Analysis
The global Network Function Virtualization market is segmented into four major segments i.e. by By Component, Deployment Model, Virtualized Network Function (VNF), and region. Based on Type, it is divided into Hardware, Software, Services (Professional Services, Managed Services). Based on Deployment Model, it is bifurcated as On-Premises, Cloud-Based. Based on Virtualized Network Function (VNF) it is segregated into, Virtualized EPC (Evolved Packet Core), Virtualized IMS (IP Multimedia Subsystem), Virtualized RAN (Radio Access Network), Virtualized CDN (Content Delivery Network), Virtualized Security Solutions, Virtualized Session Border Controller (SBC). Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Type
Software plays a pivotal function in NFV because it allows the virtualization of community functions, permitting them to run on preferred hardware. The middle idea of NFV revolves around software-driven flexibility and agility. The shift in the direction of virtualized solutions across diverse virtualized community capabilities, consisting of EPC, IMS, and CDN, underscores the dominance of software in NFV implementations.
NFV implementations can be complex, requiring specialised understanding for deployment, control, and optimization. Managed services, offering outsourced aid and information, are witnessing accelerated call for to navigate the intricacies of NFV. Enterprises and provider providers are increasingly choosing managed services to attention on their core enterprise sports at the same time as counting on outside specialists to manage and optimize NFV deployments.
Analysis by VNF
VEPC is critical for cell networks, offering the middle functionalities required for the efficient operation of 4G and 5G networks. As worldwide cellular data visitors continues to surge, the call for for vEPC is anticipated to be substantial. Telecom operators, which play a central role in NFV adoption, frequently prioritize vEPC because of its foundational position in mobile network architecture.
The increasing complexity and scale of community infrastructures heighten cybersecurity worries. Virtualized protection solutions, such as virtualized firewalls and intrusion detection structures, are witnessing fast adoption to deal with evolving threats. As agencies embrace hybrid and multi-cloud environments, the want for adaptable and scalable virtualized security solutions accelerates, contributing to their rapid-paced growth.
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Network Function Virtualization Market Regional Insights
North America, specifically america, has a records of early adoption of revolutionary technologies. This consists of the rapid integration of NFV solutions through telecom operators and businesses. The area boasts a sturdy IT infrastructure, making it conducive for the deployment of superior networking technology which includes NFV.
Countries inside the Asia-Pacific region, such as China and India, are present process speedy virtual transformation. This transformation consists of the adoption of NFV to decorate network talents and accommodate evolving technology necessities. As the rollout of 5G networks profits momentum in Asia-Pacific, the demand for NFV answers, in particular inside the context of virtualized RAN (Radio Access Network) and EPC (Evolved Packet Core), is predicted to surge.
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Network Function Virtualization Market Dynamics
Drivers
Increasing Consumer Awareness On Health And Wellness
- The imperative for more desirable network flexibility and scalability, enabling groups to efficaciously adapt to evolving needs. The ongoing deployment of 5G networks in addition quickens NFV adoption, as virtualized network functions grow to be crucial for harnessing the overall potential of excessive-velocity and coffee-latency verbal exchange.
Restraints
Integration Virtualized Functions
- One of the primary marketplace restraints is the numerous network architectures and proprietary systems might also conflict to seamlessly combine virtualized capabilities. Security issues pose every other restraint, with the virtualized surroundings probably susceptible to cyber threats and assaults, necessitating sturdy security measures.
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Network Function Virtualization Market Competitive Landscape
The aggressive surroundings of the Network Function Virtualization marketplace is dynamic and is characterised by a various array of players, along with essential telecommunication businesses, network gadget carriers, and era providers. Established telecom operators and cloud carrier providers play a pivotal position in shaping the market, leveraging NFV to decorate network efficiency and service delivery. Technology giants make a contribution by way of imparting virtualization infrastructure and software program solutions.
Top Player’s Company Profiles
- Huawei Technologies
- Nokia
- Ericsson
- Ciena
- Affirmed Networks
- Altiostar
- Mavenir Systems
- Red Hat
- Intel
- Samsung Networks
- NEC Corporation
- Fujitsu
- H3C Technologies
- Radisys
- Spirent Communications
- Keysight Technologies
- Anritsu
Recent Developments
- September 2023: With two SD-WAN services already included in its offerings, why was Cisco getting a third? This is the flow Cisco wants to be making; it declared its intention of acquiring Viptela, a privately held SD-WAN organization for $610 million.
- October 2023: Broadcom has successfully completed its $69 billion purchase of VMware, after waiting for 18 months. This deal received so much attention across the industry, as VMware was in a position it had to be inside of because they were part of this cloud software program and networking environment; Broadcom on the other hand has pretty impressive history when it comes to acquisitions.
Network Function Virtualization Key Market Trends
- Rising Integration Of NFV With Cloud-Native Architectures: Rising Integration Of NFV With Cloud-Native Architectures: The integration of NFV with cloud-native architectures that allow for even more agile and scalable network deployments. 5G networks are also any other substantial trendeling riding the demand for virtualized solutions to efficiently manage complexities of excessive-velocity and occasional-latency communication. The innovation of the approach that helps in creating isolated virtual networks inside a single physical infrastructure called network reducing is gaining popularity as method to customize its offerings for particular programmes and consumer needs.
Network Function Virtualization Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Network Function Virtualization market analysis well-knownshows a dynamic market with a number of standout trends and problems. The marketplace is pushed by using the vital for bendy, scalable network architectures, heightened by the deployment of 5G networks. Cost-efficiency and the global fashion in the direction of digital transformation further gasoline NFV adoption. However, interoperability challenges and safety worries act as restraints. Dominated with the aid of software program components, NFV sees large increase in virtualized security answers. North America leads because of early generation adoption, at the same time as the Asia-Pacific place reports fast increase with digital transformation tasks. Key tendencies encompass the integration of NFV with cloud-native technology and the rise of 5G-driven programs, underscoring the enterprise's dynamic evolution.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 22.04 billion |
| Market size value in 2031 | USD 130.99 billion |
| Growth Rate | 21.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Network Function Virtualization Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Network Function Virtualization Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Network Function Virtualization Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Network Function Virtualization Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Network Function Virtualization Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Network Function Virtualization Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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