Press release
Network Function Virtualization (NFV) Market 2020-2025: Business Development Strategies by Industry Leaders: Cisco, Ericsson, Huawei, VMware, Nokia, HPE, Dell EMC, Juniper Networks, Affirmed Networks, NETSCOUT, NEC, Ribbon Communications, ZTE Corporation
The Global Network Function Virtualization (NFV) market size is anticipated to reach USD 41 billion by 2025. The key factors responsible for the growth of the industry include the increasing need for developed network management systems to manage the increasing network complexities and traffic. NFV uses automated as well as manual techniques along with reviewing minute-level data within the network traffic.Get Research Insights @ https://www.adroitmarketresearch.com/contacts/request-sample/1477
The enterprise network comprises hundreds of network devices that include switches, workstations, hubs, routers, firewalls, virtual machines, servers, and different other network-related components. Maintaining and managing these devices requires network function virtualization solutions since the tools can provide insights into bandwidth consumption, network traffic, protocol analysis, and business applications. Different types of solutions are used in identifying threats, detection, and moderation of security attacks, along with better planning of the network in the future.
Based on the component segment, the market is bifurcated into hardware, software, and services. The hardware segment of the component to experience a significant growth rate within the global NFV market owing to the heavy usage of hardware equipment that includes storage devices, servers, and switches. To support the diverse network requirements of businesses, they will need high-performance virtual routers, and switches, which play an essential role in the IT system and facilitate flexible and robust NFV structure.
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The report also throws light on various aspects of the global network function virtualization market by assessing the market using value chain analysis. The report covers several qualitative aspects of the network function virtualization market industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global network function virtualization market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The global network function virtualization market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the network function virtualization market applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the network function virtualization market in North America.
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The major players of the global NFV market are Cisco, Ericsson, Huawei, VMware, Nokia, HPE, Dell EMC, Juniper Networks, Affirmed Networks, NETSCOUT, NEC, Ribbon Communications, ZTE Corporation, and more. The NFV market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Global Network Function Virtualization Market
Component Overview, 2018-2025 (USD Billion)
Hardware
Software
Services
Function Overview, 2018-2025 (USD Billion)
Compute
Storage
Network
End-user Overview, 2018-2025 (USD Billion)
Service Providers
Data Centers
Enterprises
BFSI
IT & Telecom
Government
Healthcare
Retail
Energy
Manufacturing
Others
Regional Overview, 2018-2025 (USD Billion)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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What does the report include?
The study on the global NFV market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the NFV industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on components, function, and end-user. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 972-362 -8199/ +91 9665341414
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