Network Function Virtualization Market, By Application (Switching Elements, Traffic Analysis, Next Generation Signaling), Deployment (Cloud, On-premise), By Infrastructure (Hardware Resources, Virtualized Resources), By End-User (CSP, BFSI, Cloud Service Provider) - Forecast 2030

Market Synopsis of Network function virtualization Market:

Market Overview

COVID 19 Analysis

The global pandemic of COVID 19 has affected the customer behavior and market in an adverse way leading to a downfall in the profits of the businesses that have pushed the economy into forced recession. Owing to the lockdown situation, shutting down of business and manufacturing units, and educational institutions the police of work from home is implemented. This policy has become the new normal for the people. Owing to the global pandemic, the network virtualization market has shown a downfall in profit earning.

However, it is expected that the network function virtualization market in the global market will recover at the beginning of the second quarter in the coming year because of the increasing use of artificial intelligence and the internet of things in the global market.

NFV Market Dynamics

Network function virtualization Market Drivers

The increase in the market share of the network function virtualization market is possible because of the increasing market size and increasingly complex infrastructure network during the forecasted period. The network function virtualization market is very flexible and adjusts according to the need of the market, increases visibility and agility along cost-effectiveness are some of the driving factors in the global nfv market.

Opportunity

The increasing growth of advancement in technology like the internet of things (IoT) and artificial intelligence has given various growth opportunities to the network function virtualization market in the global market. To accommodate all the devices attached to these networks proper network infrastructure is required and hence boosts the market of network function virtualization in the global market.

Restraint

Because of the increasing use of advanced technology, the chances for cyber-attacks increase many times and many small and medium-sized enterprises do not sufficient funds for cybersecurity hinders the growth of network function virtualization in the global market. Also in network function virtualization infrastructure, there is a centralized control point and if it gets hacked, the hacker can have access to all individual networks.

Value Chain Analysis

With the growth of the network function virtualization market, it has made the lives of customers very easy and comfortable because of the many benefits provided by the market in the global market like space reduction for network hardware that also reduces maintenance and hardware cost. Not only this, but it also helps in the reduction of power consumption and easier upgrades network that has longer life cycles for network hardware.

NFV Market Segmentation

The market for network function virtualization is divided based on application, deployment, infrastructure, and end-user.

Based on Application

The network function virtualization market in the global market is divided based on application into switching elements, traffic analysis, service assurance, and next-generation signaling.

Based on Deployment

The network function virtualization market is divided based on deployment into cloud-based and on premise-based.

Based on Infrastructure

The network function virtualization market is divided based on infrastructure into hardware resources, virtualized resources, and virtualization layers.

Based on End-User

The network function virtualization market is divided based on end-user into the communication service provider (CSP), Information Technology, Cloud service provider, and Banking Financial Services and Insurance (BFSI).

Regional Analysis

The network function virtualization market in the global market is divided based on region into Asia-Pacific, North America, Europe, and the rest of the world. In the global market, North America holds the largest market share of network function virtualization because of the increasing use of proof of concepts in telecom operators that drives the network function virtualization market growth. Also, the migration of the 5G network helps in boosting the growth of network function virtualization in the global market.

After North America, the Europe region held a significant market share followed by Asia-Pacific and the rest of the world respectively in the network function virtualization in the global market.

Competitive Landscape

The major key players in the network function virtualization market in the global industry are the following:

• Accenture PLC (Ireland)


• Juniper Networks (U.S.)


• Alcatel-Lucent S.A. (France)


• Cisco Systems, Inc. (U.S.)


• Huawei Technologies Co. Ltd. (China)


• Nokia Corporation (Finland)


• Intel Corporation (U.S.)


• NEC Inc. (Japan)


• Ericsson (Sweden)


• 6WIND (France)


• Oracle Corporation (U.S.)


• Open Mobility Inc. (U.S.)


• Allot Communications (U.S.)

These prominent players in the network function virtualization market use various resource planning and strategies according to increase the customer base and requirements as per the market demands in the global market.

Recent Developments

• In November 2019, VMware has announced its partnership to simplify multi-cloud operations, large-scale with Nokia. To develop more integration solutions, both the businesses aimed at increasing technology collaboration, investment in advanced research, and development in the global market to increase the global customer base.


• 
  In October 2019, to provide 5G (RAN) radio access networks NVIDIA and Ericsson collaborated to increase their focus on developing technologies with the introduction of new artificial intelligence and internet of things-based services to provide communication service for building 5G RAN virtualized.
  


• In October 2019, a new packet of 5G cloud RAN optical switches have been launched by Nokia that will transport (TSN) Time-sensitive Networking with cloud-native radio architectures and ultra-low latency for supporting 5G critical services.


• In September 2019, the latest version of Cisco Enterprise NFVIS 3.12.× has been released by Cisco to order a new feature that has (DPDK) Data Plane Development Kit, for service bridge extension for (VMs) Virtual Machines with Physical Network Adaptor (PNIC).


• 
  In March 2019, a new solution, Telco Cloud Networking has been launched by Huawei to assist in providing advanced services that will enhance the use of 5G, the internet of things, and Virtual Reality (VR).
  

Report Overview

The global network function virtualization market research report consists of the following aspects:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

The global network function virtualization market research reports contain the factors that drive the market in the global market. In the various growth opportunities and restraining factors in the network function virtualization is also mentioned. This research report also contains the impact of COVID 19 analysis and the developments made in the market recently. The expected future growth is also estimated and mentioned.

Research Methodology

To cover the network function virtualization market (NFV), exhaustive secondary research has been done to collect the data. In the next step top-down and bottom-up approach is used for completing the whole market size of network function virtualization. After the collection of massive data, it has been breakdown into small sub-segments by using the data triangulation procedure. Primary research is also used in covering network function virtualization (NFV) for collecting information.

Users

Technology investors, key market innovators, venture capitalists, private equity groups, telecom service providers, internet service providers, cloud service providers, research and consultancy firms, and many others.