Global Network Function Virtualization Market

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 2024-2031

Q: What is the global market size of Network Function Virtualization Market?

Global Network Function Virtualization Market size was valued at USD 22.04 billion in 2022 and is poised to grow from USD 26.87 billion in 2023 to USD 130.99 billion by 2031, growing at a CAGR of 21.90% during the forecast period (2024-2031).

Report ID: SQMIG50C2028 | Region: Global | Published Date: March, 2024
Pages: 177 | Tables: 93 | Figures: 76

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.

Network Function Virtualization Market Report Snapshots

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Network Function Virtualization Market size was valued at USD 22.04 billion in 2022 and is poised to grow from USD 26.87 billion in 2023 to USD 130.99 billion by 2031, growing at a CAGR of 21.90% during the forecast period (2024-2031).

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. 'Cisco Systems', 'VMware', 'Juniper Networks', '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'

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.

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.

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Network Function Virtualization Market Regional Insights

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