Network Function Virtualization Market Trends
Network Function Virtualization Market Growth and key Industry Players 2018 Analysis and Forecasts to 2024
This global Network Function Virtualization market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Network Function Virtualization (NFV) market is projected to surpass USD 70 billion by 2024. NFV is the abstraction of network functions that allow them to be installed, controlled, and manipulated through the software running on standardized hardware nodes. It incorporates virtualization and cloud technologies to enable rapid development and deployment of new network services with elastic scale and automation. The technology brings increased agility in delivering network services through enhanced capital efficiency by enabling on-demand deployment of new services and removing bottlenecks introduced by manual processes. The increasing demand for automating the orchestration and management of computing resources, network, and storage devices are the key driving factors for the development of Software Defined Networking (SDN) and NFV technologies.
Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/1206947/
NFV uses traditional IT virtualization techniques on commodity hardware such as storage, computing, and networking. Thus, by consolidating network functions into industry high-volume servers and storage, enterprises can benefit from the cost as well as innovation dynamics of the traditional IT. Complex networking tasks that traditionally required custom hardware builds on specialized devices can be performed by using commercial off-the-shelf (COTS) IT infrastructure using virtualization technologies such as NFV and SDN. In enterprise IT environment, the server, storage infrastructure, and associated complexity issues cause most of the enterprises to spend over 70% of their resources and budget on maintenance & operations while leaving less than 30% resources for innovation.
The NFV market is projected to register a CAGR of over 42% between 2018 and 2024. This robust growth can be attributed to the growing demand for server virtualization and data center consolidation. Data center consolidation involves reforming old data center facilities, architecture, network transformation, optimization, resource integration, and system migration to make them more energy-efficient, agile, reliable, and economical to offer sustainable development. As networks become more programmable, data center operations can be conducted in a more agile manner. As SDN and NFV are driving the convergence of data center and IT & telecommunications, they offer data center managers an improved scalability and flexibility to accommodate changing market demands.
Another important factor expected to drive the adoption of NFV solutions is the massive investment by telecom service providers for the commercialization of 5G. Some of the typical issues in complex carrier networks are a huge diversity in proprietary nodes & hardware appliances and the requirement of additional proprietary hardware for launching new services. NFV allows telecom carriers to use network resources without worrying about their physical location.
Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/1206947/
North America is expected to hold a majority share of the NFV market in 2017 due to the availability of an extensive data center ecosystem in the region, widespread adoption of industrial IoT (IIoT) in different industry verticals, and a major presence of leading global cloud service providers in the U.S. The U.S. government is moving swiftly to lead the world in 5G, the next generation of wireless connectivity. The Federal Communications Commission (FCC) is emphasizing on making additional low, medium, and high-band spectrum available for 5G services. It also focuses on reducing regulatory barriers to encourage investments in 5G networks.
Asia Pacific NFV market is expected to register the fastest growth between 2018 and 2024 due to the increasing demand for cloud-based computing, storage, and networking solutions from the rapidly emerging technology companies in the region. With major investments in the NFV technology from telecom companies, such as ZTE and Huawei, in China, the innovation in NFV solutions and services is expected to accelerate rapidly over the forecast timeline. Under China?s Internet Plus initiative to modernize and transform traditional industries to join the modern economy, the telecom service providers in the country are rapidly embracing NFV technology to benefit from its flexibility, speed, and cost-effectiveness.
Table of Contents
Chapter 3. NFV Industry Insights
3.2. Industry segmentation
3.3. NFV industry landscape
3.4. Industry ecosystem analysis
3.5. Features/benefits of NFV solutions
3.6. Technical network challenges for NFV
3.7. NFV architectural framework
3.8. SDN and NFV
3.9. Technology & innovation landscape
3.9.1. Network as a service
3.9.2. Software-defined Wide Area Networking (SD-WAN)
3.9.3. Virtual Customer Premise Equipment (vCPE)
3.10. Regulatory landscape
22.214.171.124. ISO/IEC 270001
126.96.36.199. Personally Identifiable Information (PII) Protection Controls of ISO/IEC 27018
188.8.131.52. European Telecommunications Standards Institute (ETSI) GS NFV -IFA 008
184.108.40.206. IEEE SDN/NFV Standardization
220.127.116.11. The National Institute of Standards and Technology (NIST) guidelines
18.104.22.168. The Open Compute Project and OPNFV
22.214.171.124. Gramm-Leach-Bliley Act of 1999
126.96.36.199. The Network and Information Security (NIS) Directive
3.11. Industry impact forces
3.11.1. Growth drivers
188.8.131.52. Significant CAPEX and OPEX savings for enterprises
184.108.40.206. Optimized network scalability and agility offered by NFV
220.127.116.11. Lower telecom carrier costs
18.104.22.168. Increasing demand for mobility
22.214.171.124. Increasing demand for data center consolidation and server virtualization
126.96.36.199. Growing investment in 5G network technology
3.11.2. Industry Pitfalls and Challenges
188.8.131.52. Lack of in-house technical expertise
184.108.40.206. Security concerns
220.127.116.11. Integration and interoperability issues
3.12. Porter’s Analysis
3.13. PESTEL analysis
3.14. Growth potential analysis
Chapter 4. Competitive Landscape, 2017
4.2. Competitive analysis of key market players
4.3. Siemens Competitive analysis of other prominent players
4.3.3. F5 Networks
4.4. Competitive landscape
Chapter 4. Network Function Virtualization Market, By Production Technique
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
Connect with us:Google+ | LinkedIn | Twitter