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Growth in Internet of Things (IoT) to Fuel Global Network Function Virtualization Market

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Published on : Nov 10, 2016

ALBANY, NY, Nov 10, 2016: This study provides a detailed understanding of the network function virtualization market. It encapsulates the factors driving and inhibiting the market’s growth and also highlights the key trends present in the market. The weaknesses and strengths of the prime players have also been analyzed under this study. Various analytical tools such as Porter’s five forces and SWOT analysis have been utilized for making the readers familiar with the intensity of competition present in this market

The first part of the report presents an introduction to the market. The prime market highlights and the market landscape have been discussed under this section of the study. The current size of this market and its estimated size by the end of the forecast period have also been presented. The market is predicted to rise at a remarkable 33.0% CAGR from 2016 to 2020. Network function virtualization (NFV) refers to the combination of software and hardware network features present within a single virtual network. NFV is able to enhance changes within networks, their operations, and implementation and is utilized by numerous service providers globally. 

The dynamics impacting the market come next in the report. These include the drivers, trends, opportunities, and challenges. The growth in Internet of Things (IoT) globally is a key factor boosting the development of the market for network function virtualization. The rising involvement in open platforms is a key trend seen in the market. On the other hand, the requirement for identifying use-cases may emerge as a challenge in the growth of the market. 

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In the next part, the segmentation of the market for network function virtualization has been presented. In terms of component, the market is segmented into infrastructures and services and software. Amongst these, the segment of software emerged as the key revenue generating segment in the market in 2015. The growing utilization of virtualized software in enterprise data centers including internet service providers (ISPs) and cloud service providers (CSPs) will raise the development of the market. 

In terms of geography, the report categorizes the market into Asia Pacific, the Americas, and Europe, the Middle East, and Africa (EMEA). Of these, the Americas leads the market and is predicted to maintain its dominance all through the forecast horizon. This is because of the fact that this region is experiencing a remarkable move to commercial NFV deployment from proof of concepts by the operators of telecom. This will fuel the growth of the market in the Americas. 

The last section highlights the prominent vendors in the global network function virtualization market. This section is covered under the vendor landscape part of the report. Brocade Communication Systems, Ericsson, Cisco Systems, Juniper Networks, Huawei Technologies, Nokia, VMware, and Hewlett Packard Enterprise (HPE), among others, are the main vendors in this market, as per this study.

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