Press release
Network Function Virtualization (NFV) Market Industry Analysis, Growth, Trends and Forecast - 2031
Network Function Virtualization (NFV) Market
Network functions virtualization (NFV) refers to methods for virtualizing network services that were previously available on proprietary, specialized hardware. It uses cloud and virtualization technologies to provide scalability and automation in the creation of new network services. It entails detaching network operations from proprietary hardware appliances and executing them in virtual machines as software (VMs). The global IT sector has received enormous benefits from NFV in terms of transforming its corporate networks. It may virtualize traditional network operations such as switching, routing, firewalls, and so on.
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The key players contributing to the growth of the global NFV market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include Cisco Systems Inc., Ericsson AB, Huawei Technologies, VMware, Nokia, among others. For instance, in November 2019, VMware and Nokia expanded their cooperation to make large-scale, multi-cloud operations more efficient. This collaboration seeks to increase investment, along with technological collaboration and advanced research and development, in order to produce integrated solutions.
For instance, in October 2019, Ericsson and NVIDIA partnered to deliver 5G radio access networks (RAN). Both organizations will focus on creating technology that will enable communication service providers to create virtualized 5G RANs as part of this partnership. The partnership will facilitate the rollout of new AI and IoT-enabled services.
Full report of Network Function Virtualization (NFV) Market available @ https://www.omrglobal.com/industry-reports/network-function-virtualization-nfc-market
Market Coverage
Segment Covered-
o By Component
o By Virtualized Network Function
o By Applications
o By End-User
Competitive Landscape- Cisco Systems Inc., Ericsson AB, Huawei Technologies, VMware, Nokia, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Network Function Virtualization (NFV) Market- Segmentation
By Component
• Solutions
• Orchestration and Automation
• Services
By Virtualized Network Functions
• Compute
• Storage
• Network
By Applications
• Virtual Appliance
• Core Network
By End-User
• Service Providers
• Data Centers
• Enterprises
o Banking, Financial Services and Insurance (BFSI)
o Healthcare
o Manufacturing
o Retail
o Government and Defense
o Education
o Transportation and Logistics
o IT-Enable Services
o Others
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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