The demand to reinforce essential structural change in the way telecommunication infrastructure is anticipated to boost the market for network function virtualization. Reports that judge the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. An income of USD 19 Billion is anticipated to be gained by the market while growing at 31 % of CAGR by 2022.
The augmented implementation of the internet of things (IoT), mounting approval of digitization are expected to be the key factors motivating the network function virtualization market. Moreover, the need for data-intensive uses and demand for cloud-based services is anticipated to boost the network function virtualization market in the forecast period.
The segment-based evaluation of the network function virtualization market is conducted on the basis of application, deployment, infrastructure, and user and region. On the basis of application, the network function virtualization market is segmented into traffic analysis, switching elements and next generation signaling. Based on the deployment, the network function virtualization market is segmented into the cloud and on-premise. On the basis of infrastructure, the network function virtualization market is segmented into virtualized resources and hardware resources. On the basis of end-users, the network function virtualization market is segmented into BFSI, CSP, and cloud service providers. Based on the regions, the network function virtualization market comprises regions such as Asia Pacific, North America, Europe and other regions in the world.
Detailed Regional Analysis
The regional breakdown of the network function virtualization covers regions such as Asia Pacific, North America, Europe, and other regions in the world. It has been observed that the North American region is controlling the network function virtualization market due to a momentous change from proof of concepts to commercial deployment of NFV by the telecom operatives, which will propel the progress of NFV Market. The analysis designates that regions perceiving migration to 5G will motivate the demand for deploying network function virtualization (NFV).
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The noticeable players in the network function virtualization market are Juniper Networks (U.S.), Alcatel-Lucent S.A. (France), Huawei Technologies Co. Ltd. (China), Open Wave Mobility Inc. (U.S.), Nokia Corporation (Finland), Intel Corporation (U.S.), Accenture PLC (Ireland), NEC Inc. (Japan), Amdocs Inc. (U.S.), Connectem Inc. (U.S.), Cisco Systems, Inc. (U.S.), Ericsson (Sweden), 6WIND (France), Oracle Corporation(U.S.), Allot Communications (U.S.) among others
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