Network Function Virtualization Market Top Companies Analysis 2026 | Industry Players: Juniper Networks, Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., Intel Corporation, Big Switch Networks, Inc., NEC Corporation, and others

The Network Function Virtualization Market is anticipated to reach over USD 125 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the hardware segment dominated the global market, in terms of revenue. North America was the leading contributor to the global market revenue in 2017.

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The growing demand for mobile broadband services, and increased demand for mobility has boosted the adoption of network function virtualization. The rising penetration of mobile devices, and increasing trend of BYOD further support the network function virtualization growth of this market. The rising adoption of virtualization, cloud, and big data analytics has fueled the market growth over the years. Increasing investments by vendors in technological advancements coupled with advancements in the 5G network technology would accelerate the network function virtualization market growth of the network function virtualization market during the forecast period. Growing demand from emerging economies, and technological advancements are expected to provide numerous growth opportunities in the coming years.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increase in demand for mobility services, and increasing demand for data center consolidation drive the network function virtualization market growth. The growing trend of BYOD, IoT, and big data analytics further increase the demand for Network Function Virtualization. The growing penetration of mobile devices, and technological advancements further support network function virtualization market growth in the region. The growing demand for cloud services, and reducing telecom carrier costs further boost the market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from the developing countries of the region.

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The key players in the network function virtualization market include Juniper Networks, Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., Intel Corporation, Big Switch Networks, Inc., NEC Corporation, Hewlett Packard Enterprise Co., AT&T Inc, Citrix Systems, Inc., and Oracle Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Network Function Virtualization Market Size and Forecast by Component, 2018-2026

Key Findings

• Hardware
• Software
• Services

Network Function Virtualization Market Size and Forecast by Organization Size, 2018-2026

Key Findings

• Large Enterprises
• Small and Medium Businesses

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Network Function Virtualization Market Size and Forecast by Deployment Model, 2018-2026

Key Findings

• On-Premise
• Cloud-Based

Network Function Virtualization Market Size and Forecast by End-User, 2018-2026

Key Findings

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

Network Function Virtualization Market Size and Forecast by Region, 2018-2026

Key Findings

• North America
o US.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
• Middle East & Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Polaris Market Research
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