Network Function Virtualization Market worth $99.20 billion by 2030, growing at a CAGR of 16.32% - Exclusive Report by 360iResearch

The "Network Function Virtualization Market by Component (Orchestration And Automation, Professional Services, Solutions), Enterprise Size (Large Enterprises, Small And Medium-sized Enterprises), Virtualized Network Function, Application, End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Network Function Virtualization Market to grow from USD 34.42 billion in 2023 to USD 99.20 billion by 2030, at a CAGR of 16.32%.

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The network function virtualization (NFV) market encompasses the global demand for virtualization technologies used in the telecommunications industry. NFV offers a new mode to design, deploy, and manage networking services by decoupling network functions from dedicated hardware appliances so they can run on standardized compute nodes. This market caters to communication service providers (CSPs) and enterprises looking to enhance their network agility, performance, and scale. Increasing demand for network virtualization and automation and rising utilization of cloud-based solutions & services and data-intensive applications drive market growth. Moreover, the surging deployment of the edge computing paradigm has significantly contributed to the adoption of NFV solutions. Integration and interoperability issues and a growing number of security concerns and misconceptions regarding NFV pose a considerable challenge to market growth. Growing investments in 5G network technology and the emerging use of SDN & NFV in IoT infrastructures are the latest opportunities in the network function virtualization (NFV) market.

In North America, the United States and Canada are at the forefront of adopting NFV technologies to enhance network flexibility and reduce capital and operational expenditures. There has been a strong emphasis on innovation and collaboration between service providers and NFV vendors, fostering an environment that helps the growth of the NFV market in the region. South America's NFV landscape is emerging, with countries such as Brazil and Argentina gradually adopting virtualization technologies. In Europe, there is a significant push towards NFV, led by initiatives such as the ETSI NFV Industry Specification Group, which substantially impacts global standards. Europe's strong regulatory framework and the presence of leading telecommunications companies aid the adoption of NFV technologies. In contrast, the Middle East and Africa's NFV market is driven by the need to improve network agility to support burgeoning mobile subscriber growth. In the Asia-Pacific, the NFV market is expansive, with significant heterogeneity across different countries regarding technology adoption. Nations such as Japan, South Korea, and Australia are leading NFV deployments due to high technology receptivity, advanced network infrastructure, and supportive government policies. Meanwhile, in emerging economies such as India and Southeast Asian countries, there's an increasing interest in NFV triggered by the demand for cost-effective and scalable network solutions to support their expanding digital economies.

Market Segmentation & Coverage:

This research report categorizes the Network Function Virtualization Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Orchestration And Automation, Professional Services, and Solutions. The Professional Services is further studied across Consulting, Implementation, and Training And Support. The Solutions is further studied across Hardware and Software. The Orchestration And Automation commanded largest market share of 49.91% in 2023, followed by Solutions.

Based on Enterprise Size, market is studied across Large Enterprises and Small And Medium-sized Enterprises. The Large Enterprises commanded largest market share of 56.35% in 2023, followed by Small And Medium-sized Enterprises.

Based on Virtualized Network Function, market is studied across Computer, Network, and Storage. The Network commanded largest market share of 51.40% in 2023, followed by Computer.

Based on Application, market is studied across Core Network and Virtual Appliance. The Core Network is further studied across Mobile Edge Computing, Virtual Internet Protocol Multimedia Subsystem, Virtualized Evolved Packet Core, and Virtualized Radio Access Network. The Core Network commanded largest market share of 69.92% in 2023, followed by Virtual Appliance.

Based on End User, market is studied across Data Centers, Enterprises, and Service Providers. The Enterprises is further studied across Banking, Financial Services, And Insurance, Education, Government And Defense, Healthcare, Manufacturing, and Retail. The Service Providers is further studied across Network Service Providers and Telecom Operators. The Enterprises commanded largest market share of 47.68% in 2023, followed by Data Centers.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.74% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Network Function Virtualization Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Network Function Virtualization Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Network Function Virtualization Market, highlighting leading vendors and their innovative profiles. These include Amdocs Group, Broadcom Inc., Ciena Corporation, Cisco Systems, Inc., Dell Inc., Fortinet, Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Intel Corporation, International Business Machines Corporation, Mavenir Systems, Inc., Microsoft Corporation, NEC Corporation, Netscout Systems, Inc., Nokia Corporation, Oracle Corporation, Palo Alto Networks, Radisys Corporation, Ribbon Communications Inc., Telefonaktiebolaget LM Ericsson, Wind River Systems, Inc., and ZTE Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Network Function Virtualization Market, by Component
7. Network Function Virtualization Market, by Enterprise Size
8. Network Function Virtualization Market, by Virtualized Network Function
9. Network Function Virtualization Market, by Application
10. Network Function Virtualization Market, by End User
11. Americas Network Function Virtualization Market
12. Asia-Pacific Network Function Virtualization Market
13. Europe, Middle East & Africa Network Function Virtualization Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Network Function Virtualization Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Network Function Virtualization Market?
3. What is the competitive strategic window for opportunities in the Network Function Virtualization Market?
4. What are the technology trends and regulatory frameworks in the Network Function Virtualization Market?
5. What is the market share of the leading vendors in the Network Function Virtualization Market?
6. What modes and strategic moves are considered suitable for entering the Network Function Virtualization Market?

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