Virtual Network Functions Market Research Report - Forecast to 2027

Global Virtual Network Functions Market Research Report, By Component (Hardware, Software, And Services), By Organization Size (Sme And Large Enterprises), By Deployment, And By End-Users - Forecast Till 2027

ID: MRFR/ICT/4225-HCR | February 2021 | Region: Global | 100 pages

Synopsis of Global Virtual Network Functions Market


Market Scenario:


Virtual Network Function (VNF) is generally known by another name in the industry as Network functions virtualization (NFV). They are often used interchangeably, as both of them  concentrate primarily on enhancing network services, unlike Software-Defined Networking (SDN), which segregates the control and forwarding plane for a centralized view of the network. Virtual network function is developed  to integrate and facilitate networking components, essential to give a backup for a full virtualized environment. Additionally, a VNF  handles a specific network functions that are implemented on one or more virtual machines (VMs) mounted on the hardware networing components such as servers, storage, routers, switches,and others. Seperately, a single  virtual network functions could be interfaced or combined collectively as building blocks to provide a large scale network communication services.          


However, VNFs faciliates many advantages for the service providers in many ways. For instance, VNFs helps to  optimise the network scalability and agility, also facilitates to use of network resources efficiently. VNFs also helps to reduce the power consumption and reduces the hardware spaces as the VNFs replaces hardware components which eventually lower the opertational and capital expenditure. In the light of these factors, VNFs is expected to gain the huge popularity among the telecom service providers over the forecast period.


On the flip side, lack of specification by service providers as per the regualtory policies and security standards governed by European Telecommunications Standards Institute (ETSI) is expected to be a major challenging factor for the virtual network functions over the review period.


The Global Virtual Network Functions Market, 2017-2023 (USD Billion)


 Virtual Network Functions Market


Source: MRFR Analysis


Global Virtual Network Functions market is expected to reach approximately over USD 25 billion by 2023 growing at a 30% CAGR over the forecast period 2017-2023


Key Players


Some of the key players of Virtual Network Functions market include Alcatel-Lucent (France), Cisco Corporartion (U.S.), Ericsson (Sweden) , Huwaei (China) , Tech Mahindra (India), Ribbon Communications (U.S.), Telefonica (Spain), Trend Micro (Japan), Verizon Communications (U.S.), Fujitsu (Japan), HP Enterprise( U.S.), NEC corporation (Japan), F5 networks (U.S.), and Aricent Incorporation (France).


Segmentation


The virtual network functions market is differentiated by component, organization size, deployment, and end-user.


By component, the virtual network functions market is sub-segmented as hardware, software, and services. The hardware sub-segment comprises switches, servers, storage, and others. The software sub-segment comprises application software, network security, and load balancing. Furthermore, the service sub-segment is categorized as training & support, consulting service, integration & implementation and others. On the basis of deployment, the market is comprised on-premises and on-cloud. Based on the organization size, the market is categorized as large enterprises and Small & Medium Enterprises (SMEs).


Furthermore, on the basis of end-user, the market is classified as BFSI, IT & telecom, manufacturing, healthcare, government, and others.


Regional Analysis


Geographically, the Virtual Network Functions is segmented into four different regions, namely North America, Asia Pacific, Europe, and Rest of the World.


North America is presumed to have a significant growth in the virtual network functions market. The United States and Canada are leading countries in the region. This is due to advanced telecom services in the region. Europe is also expected to have a substantial growth in the market. The United Kingdom, France, and Germany are expected to be leading countries due to the increase in service providers, who will mainly emphasize on virtual network platforms over the next few years. Asia Pacific is also anticipated to be the fastest growing region in the virtual network functions market over the forecast period. India, Japan, and China are the leading countries in the Virtual Network Functions market, owing to surge in usage of smartphones, tablets, and laptops and the increased availability of content offered over IP.


Target Audience



  • Telecommunication Service Providers

  • Mobile Network Operators

  • IT Suppliers

  • Cloud Service Providers

  • Enterprise Data Center Professionals

  • Networking and Telecommunication Companies

  • Data Center Software Vendors

  • Infrastructure Architects

  • Government Councils

  • Research Firms



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 25 Billion (2023)
  CAGR   30% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, By Organization Size
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Alcatel-Lucent (France), Cisco Corporartion (U.S.), Ericsson (Sweden) , Huwaei (China) , Tech Mahindra (India), Ribbon Communications (U.S.), Telefonica (Spain), Trend Micro (Japan), Verizon Communications (U.S.), Fujitsu (Japan), HP Enterprise( U.S.), NEC corporation (Japan), F5 networks (U.S.), and Aricent Incorporation (France).
  Key Market Opportunities   The United Kingdom, France, and Germany are expected to be leading countries due to the increase in service providers, who will mainly emphasize on virtual network platforms over the next few years.
  Key Market Drivers   The growing adoption of SDN can bolster the global market of virtual network functions.


Frequently Asked Questions (FAQ) :

The virtual network functions market can thrive at 30% CAGR by 2023.

The virtual network functions market can value at USD 25 Bn by 2023.

NEC corporation (Japan), HP Enterprise(U.S.), Aricent Incorporation (France), and F5 networks (U.S.) are some major players in the virtual network functions market.

The growing adoption of SDN can bolster the global market of virtual network functions.

The North America virtual network functions market is expected to experience a surge in the coming years.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Business Function

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.1.5 Bargaining power of Suppliers

4.2 Value Chain/Supply Chain of Global Virtual Network Function Market

5 Industry Overview of Global Virtual Network Function Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Virtual Network Function Market by Component

7.1 Introduction

7.2 Hardware

7.2.1 Switches

7.2.1.1Market Estimates & Forecast, 2020-2027

7.2.1.2 Market Estimates & Forecast by Region, 2020-2027

7.2.2 Servers

7.2.2.1Market Estimates & Forecast, 2020-2027

7.2.2.2 Market Estimates & Forecast by Region, 2020-2027

7.2.3 Storage

7.2.3.1Market Estimates & Forecast, 2020-2027

7.2.3.2 Market Estimates & Forecast by Region, 2020-2027

7.2.4 Others

7.2.4.1Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Software

7.3.1 Application Software

7.3.1.1Market Estimates & Forecast, 2020-2027

7.3.1.2 Market Estimates & Forecast by Region, 2020-2027

7.3.2 Network Security

7.3.2.1Market Estimates & Forecast, 2020-2027

7.3.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3.3 Load Balancing

7.3.3.1Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Services

7.4.1 Training & Support

7.4.1.1Market Estimates & Forecast, 2020-2027

7.4.1.2 Market Estimates & Forecast by Region, 2020-2027

7.4.2 Consulting Service

7.4.2.1Market Estimates & Forecast, 2020-2027

7.4.2.2 Market Estimates & Forecast by Region, 2020-2027

7.4.3 Integration & Implementation

7.4.3.1Market Estimates & Forecast, 2020-2027

7.4.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4.4 Others

7.4.4.1Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Virtual Network Function Market by Organization Size

8.1 Introduction

8.2 Small & Medium Enterprise

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Large Enterprise

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9 Global Virtual Network Function Market by Deployment

9.1 Introduction

9.2 On-Premise

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 On-Cloud

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Virtual Network Function Market by End-User

10.1 Introduction

10.2 BFSI

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Region, 2020-2027

10.3 IT & Telecom

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Region, 2020-2027

10.4 Manufacturing

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Region, 2020-2027

10.5 Healthcare

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Region, 2020-2027

10.6 Government

10.6.1 Market Estimates & Forecast, 2020-2027

10.6.2 Market Estimates & Forecast by Region, 2020-2027

10.7 Others

10.7.1 Market Estimates & Forecast, 2020-2027

10.7.2 Market Estimates & Forecast by Region, 2020-2027

11. Global Virtual Network Function Market by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast by Component, 2020-2027

11.2.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.2.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.5 Market Estimates & Forecast by End-User, 2020-2027

11.2.6 U.S.

11.2.6.1 Market Estimates & Forecast, 2020-2027

11.2.6.2 Market Estimates & Forecast by Component, 2020-2027

11.2.6.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.2.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.6.5 Market Estimates & Forecast by End-User, 2020-2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, 2020-2027

11.2.7.2 Market Estimates & Forecast by Component, 2020-2027

11.2.7.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.7.5 Market Estimates & Forecast by End-User, 2020-2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Component, 2020-2027

11.3.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.3.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.5 Market Estimates & Forecast by End-User, 2020-2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2020-2027

11.3.6.2 Market Estimates & Forecast by Component, 2020-2027

11.3.6.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.3.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.6.5 Market Estimates & Forecast by End-User, 2020-2027

11.3.7. France

11.3.7.1 Market Estimates & Forecast, 2020-2027

11.3.7.2 Market Estimates & Forecast by Component, 2020-2027

11.3.7.3Market Estimates & Forecast by Organization Size , 2020-2027

11.3.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.7.5 Market Estimates & Forecast by End-User, 2020-202

11.3.8. U.K

11.3.8.1 Market Estimates & Forecast, 2020-2027

11.3.8.2 Market Estimates & Forecast by Component, 2020-2027

11.3.8.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.3.8.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.8.5 Market Estimates & Forecast by End-User, 2020-2027

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, 2020-2027

11.4.2 Market Estimates & Forecast by Component, 2020-2027

11.4.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.4.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2020-2027

11.4.6.2 Market Estimates & Forecast by Component, 2020-2027

11.4.6.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.4.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.6.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2020-2027

11.4.7.2 Market Estimates & Forecast by Component, 2020-2027

11.4.7.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.4.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.7.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2020-2027

11.4.8.2 Market Estimates & Forecast by Component, 2020-2027

11.4.8.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.4.8.4Market Estimates & Forecast by Deployment, 2020-2027

11.4.8.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.9 Rest of Asia Pacific

11.4.9.1 Market Estimates & Forecast, 2020-2027

11.4.9.2 Market Estimates & Forecast by Component, 2020-2027

11.4.9.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.4.9.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.9.5 Market Estimates & Forecast by End-User, 2020-2027

11.5 Rest of the World

11.5.1 Market Estimates & Forecast, 2020-2027

11.5.2 Market Estimates & Forecast by Component, 2020-2027

11.5.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.5.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.5 Market Estimates & Forecast by End-User, 2020-2027

11.5.6 The Middle East & Africa

11.5.6.1 Market Estimates & Forecast, 2020-2027

11.5.6.2 Market Estimates & Forecast by Component, 2020-2027

11.5.6.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.5.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.6.4 Market Estimates & Forecast by End-User, 2020-2027

11.5.7 Latin Countries

11.5.7.1 Market Estimates & Forecast, 2020-2027

11.5.7.2 Market Estimates & Forecast by Component, 2020-2027

11.5.7.3 Market Estimates & Forecast by Organization Size , 2020-2027

11.5.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.7.5 Market Estimates & Forecast by End-User, 2020-2027

12. Company Landscape

13. Company Profiles

13.1 Alcatel-Lucent (France)

13.1.1 Company Overview

13 1.2 Product/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 Cisco Corporartion (U.S.)

13.2.1 Company Overview

13.2.2 Product/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 Ericsson (Sweden)

13.3.1 Company Overview

13.3.2 Product/Business Segment Overview

13.3 3 Financial Updates

13.3.4 Key Developments

13.4 Huwaei (China)

13.4.1 Company Overview

13.4.2 Product/Business Segment Overview

13.4 3 Financial Updates

13.4.4 Key Developments

13.5 Tech Mahindra (India)

13.5.1 Company Overview

13.5.2 Product/Business Segment Overview

13.5.3 Financial Updates

13.5.4 Key Developments

13.6 Ribbon Communications (U.S.)

13.6.1 Company Overview

13.6.2 Product/Business Segment Overview

13.6.3 Financial Updates

13.6.4 Key Developments

13.7 Telefonica (Spain)

13.7.1 Company Overview

13.7.2 Product/Business Segment Overview

13.7.3 Financial Updates

13.7 4 Key Developments

13.8 Trend Micro (Japan)

13.8.1 Company Overview

13.8.2 Product/Business Segment Overview

13.8 3 Financial Updates

13.8.4 Key Developments

13.9 Verizon Communications (U.S.)

13.9.1 Company Overview

13.9.2 Product/Business Segment Overview

13.9.3 Financial Updates

13.9.4 Key Developments

13.10 Fujitsu (Japan)

13.10.1 Company Overview

13.10.2 Product/Business Segment Overview

13.10.3 Financial Updates

13.10.4 Key Developments

13.11 HP Enterprise( U.S.)

13.11.1 Company Overview

13.11.2 Product/Business Segment Overview

13.11.3 Financial Updates

13.11 4 Key Developments

13.11.5 Key Developments

13.12 NEC corporation (Japan)

13.12.1 Company Overview

13.12.2 Product/Business Segment Overview

13.12.3 Financial Updates

13.12 4 Key Developments

13.13 F5 networks (U.S.)

13.13.1 Company Overview

13.13.2 Product/Business Segment Overview

13.13.3 Financial Updates

13.13 4 Key Developments

13.14 Aricent Incorporation (France)

13.14.1 Company Overview

13.14.2 Product/Business Segment Overview

13.14.3 Financial Updates

13.14 4 Key Developments

14 Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2020 TO 2027)

Table2 Global Virtual Network Function Market: By Region, 2020-2027

Table3 North America Virtual Network Function Market: By Country, 2020-2027

Table4 Europe Virtual Network Function Market: By Country, 2020-2027

Table5 Asia Pacific Virtual Network Function Market: By Country, 2020-2027

Table6 The Middle East & Africa Virtual Network Function Market: By Country, 2020-2027

Table7 Latin America Virtual Network Function Market: By Country, 2020-2027

Table8 Global Virtual Network Function by Component Market: By Regions, 2020-2027

Table9 North America Virtual Network Function by Component Market: By Country, 2020-2027

Table10 Europe Virtual Network Function by Component Market: By Country, 2020-2027

Table11 Asia Pacific Virtual Network Function by Component Market: By Country, 2020-2027

Table12 The Middle East & Africa Virtual Network Function by Component Market: By Country, 2020-2027

Table13 Latin America Virtual Network Function by Component Market: By Country, 2020-2027

Table14 Global Virtual Network Function by Industry Market: By Regions, 2020-2027

Table15 North America Virtual Network Function by Industry Market: By Country, 2020-2027

Table16 Europe Virtual Network Function by Industry Market: By Country, 2020-2027

Table17 Asia Pacific Virtual Network Function by Industry Market: By Country, 2020-2027

Table18 The Middle East & Africa Virtual Network Function by Industry Market: By Country, 2020-2027

Table19 Latin America Virtual Network Function by Industry Market: By Country, 2020-2027

Table20 North America Virtual Network Function for Industry Market: By Country, 2020-2027

Table21 Europe Virtual Network Function for Industry Market: By Country, 2020-2027

Table22 Asia Pacific Virtual Network Function for Industry Market: By Country, 2020-2027

Table23 The Middle East & Africa Virtual Network Function for Industry Market: By Country, 2020-2027

Table24 Global Component Market: By Region, 2020-2027

Table25 Global Industry Market By Region, 2020-2027

Table26 Global Industry Market By Region, 2020-2027

Table27 North America Virtual Network Function Market, By Country

Table28 North America Virtual Network Function Market, By Component

Table29 North America Virtual Network Function Market, By Product

Table30 Europe Virtual Network Function Market, By Product

Table31 Europe Virtual Network Function Market, By Component

Table32 Asia Pacific Virtual Network Function Market, By Country

Table33 Asia Pacific Virtual Network Function Market, By Component

Table34 Asia Pacific Virtual Network Function Market, By Product

Table35 The Middle East & Africa: Virtual Network Function Market, By Country

Table36 The Middle East & Africa Virtual Network Function Market, By Component

Table37 The Middle East & Africa Virtual Network Function Market, By Product

Table38 Latin America: Virtual Network Function Market, By Country

Table39 Latin America Virtual Network Function Market, By Component

Table40 Latin America Virtual Network Function Market, By Product

LIST OF FIGURES

FIGURE 1 Global Virtual Network Function Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Virtual Network Function Market

FIGURE 4 Value Chain of Global Virtual Network Function Market

FIGURE 5 Share of Global Virtual Network Function Market in 2020, by country (in %)

FIGURE 6 Global Virtual Network Function Market, 2020-2027,

FIGURE 7 Sub-segments of Component

FIGURE 8 Global Virtual Network Function Market size by Component, 2020

FIGURE 8 Share of Global Virtual Network Function Market by Component, 2020 TO 2027

FIGURE 9 Global Virtual Network Function Market size by Product, 2020

FIGURE 10 Share of Global Virtual Network Function Market by Product, 2020 TO 2027

FIGURE 11 Global Virtual Network Function Market size by Industry, 2020

FIGURE 12 Share of Global Virtual Network Function Market by Industry, 2020 TO 2027