Network Function Virtualization Market Size - Growth, Competitor Strategy and Trends by Forecast to 2023


Market Outlook

The global network function virtualization market is estimated to touch USD 19 billion by 2022, as per MRFR’s report. It can exhibit a CAGR of 31% from 2016 to 2022. It can gain momentum during the forecast period due to growing digitization and popularity of internet of things (IoT). High demand for cloud services and data intensive applications which can reduce the expenses of procuring hardware can drive the market growth exponentially.

The enabling of innovative services on a trial-and-error basis is possible with the help of virtualization as well as its subsequent rollback is deemed to drive market growth. The low energy expenses by capitalizing on modern servers and storage devices can fuel the network function virtualization market. Moreover, the adoption of the software across industry verticals of government, retail, manufacturing, IT & telecom, and BFSI will augur favorably for the market valuation.

Get Free Sample at: 

The utilization of software defined network (SDN) for running a virtual network or server on top of the existing infrastructure. This allows the proper optimization of network resources and distributing the bandwidth into separate channel to lower the load on systems and reduce the probability of latency. The increasing dependence on data centers for high performance workloads and reducing data volume can positively impact the market demand.

Segmentation Analysis

The global network function virtualization market is segmented by application, deployment, infrastructure, and end-user.

By application, it is segmented into next generation signaling, service assurance, switching elements, and traffic analysis.

By deployment, it is segmented into cloud and on-premise. The  cloud segment is predicted to be the biggest segment till 2022.

By infrastructure, it is segmented into virtualized resources, virtualized layer, and hardware resources.

By end-user, it is segmented into BFSI, cloud service provider, communication service provider (CSP), and information technology. Information technology and cloud service providers are bound to be the biggest end-users in Network Function Virtualization Market Size due to steps taken by companies to reduce the expenses for maintaining and operating hardware.

Regional Analysis

Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW) are major regions considered in the network function virtualization market report.

North America is expected to be the leading region in the market till 2022 due to the shift from conception of network architecture to deployment of NFV by telecommunication network operators. Investment in cloud and data centers, presence of various service providers, and adoption of industrial internet of things (IIoT) are drivers of the region. The shift to 5G technology by telecommunication network providers to offer seamless connectivity to users is expected to boost the regional market growth till the end of the forecast period.

The APAC region is projected to display a strong CAGR during the forecast timespan due to presence of various mobile service operators and data centers. Software behemoths maintaining a unit in China and India is likely to induce the demand for network function virtualization till 2022.

Competitive Outlook

Prominent names in the global network function virtualization market include NEC Inc., Ericsson, Juniper Networks, Open Wave Mobility Inc., Allot communications, Huawei technologies Co. Ltd., Connectem Inc., 6WIND, Amdocs Inc., Accenture PLC, Oracle Corporation, Alcatel-Lucent S.A., Cisco Systems, Inc., Nokia Corporation, Intel Corporation, and others.

Browse More Details on Report at:

About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.


+1 646 845 9312



Showing 0 results
Your Answer

Please first to submit.

Get involved


As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us


Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs


Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.