Network Function Virtualization Market | Growing Industry Crucial Key Players - Big Switch Networks Inc, NEC Corporation, Hewlett Packard Enterprise Co., Citrix Systems

The report "Network Function Virtualization Market, [By Component (Hardware, Software, Services); By Organization Size (Large Enterprises, Small and Medium Businesses); By Deployment Model (On-Premise, Cloud-Based); By End-User (BFSI, Healthcare, Retail, IT and Telecom, Manufacturing, Others); By Region]: Market Size & Forecast, 2018 – 2026", According to the report, The Global Network Function Virtualization Market Size Estimated To Reach USD 125 Billion By 2026, at a CAGR of 47.1% from 2018 to 2026.

Network function virtualization involves abstraction of network functions such as firewall or encryption, and installing, controlling, and manipulating them through software running on standardized compute nodes. Network function virtualization incorporates cloud and virtualization technologies to offer network services with improved speed, scalability and automation.

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The increasing penetration of mobile devices, and growing demand for mobility has increased the demand for network function virtualization across the globe. The increasing mobile subscriber base, growing internet penetration, and increased network complexity supports the growth of the network function virtualization market. The varied traffic pattern, and growing demand for cloud services have boosted the growth of the global network function virtualization market. The increasing trend of BYOD, IOT, cloud, virtualization, and big data analytics has further increased the adoption of network function virtualization. The increased adoption of private cloud, growth in the wireless industry, and technological advancements would provide growth opportunities in the network function virtualization market in coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Network Function Virtualization Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

North America generated the highest revenue in 2017 owing to increasing demand for mobility services. Businesses are moving towards BYOD, IoT, and big data analytics thereby increasing the need for network function virtualization in the market.

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Competitive Landscape and Key Vendors

The global network function virtualization market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The major key players in the network function virtualization market:

1. Juniper Networks, Inc.
2. Brocade Communications Systems, Inc.
3. Cisco Systems, Inc.
4. Intel Corporation
5. Big Switch Networks, Inc.
6. NEC Corporation
7. Hewlett Packard Enterprise Co.
8. AT&T Inc
9. Citrix Systems, Inc.
10. Oracle Corporation

Key Segments

Component

• Hardware
• Software
• Services

Organization Size

• Large Enterprises
• Small and Medium Businesses

Deployment Model

• On-Premise
• Cloud-Based

End-User

• BFSI
• Healthcare
• Retail
• IT and Telecom
• Manufacturing
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

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About Polaris Market Research

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