Network Function Virtualization Market, By Component (Solutions, Services), By Enterprise Size (Small Enterprises, Medium Enterprises, Large Enterprises), By Application (Core Network, Virtual Appliance), By End-Users (Data Centers, Service Providers, Healthcare, Banking, Manufacturing, Retail, Education, Defense and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI509423 | Publish Date: May 2023 | No. of Pages: 170

Network Function Virtualization Market Overview

The replacement of network appliance hardware with virtual machines is called "network function virtualization" (NFV). NFV also allows the virtual network function to run on a standard generic server, which is likely to propel market growth.

Adoption of digital technology and the need for cost-effective and efficient network management systems have contributed to target market growth. High adoption of automation technologies such as artificial intelligence (AI) and the Internet of Things (IoT) is expected to provide lucrative opportunities for Network Function Virtualization market growth.

Attributes	Details
Network Function Virtualization Market Value (2022)	US$ 25.0Bn
Network Function Virtualization Market Projected Value (2032)	US$ 292.5Bn
Network Function Virtualization Market CAGR (2022 – 2032)	26.3%

Network Function Virtualization Market Dynamics

Wide benefits and rising need for advanced network management systems to fuel market growth

Rising need for advanced network management systems to handle growing network traffic and complexities and wide benefits of NFV has contributed in market growth. Growing need for better optimization in business services and demand for advanced management systems is likely to propel Network Function Virtualization market growth. Wide variety of benefits such as easier network upgrades, reduction in hardware and maintenance costs, reduction in network power consumption & network maintenance cost, longer lifecycles for network hardware has given rise in demand for Network Function Virtualization market growth.

Restrains:

However, security risks such as physical security controls are not effective which led to new kinds of attacks has hampered market growth. Difficulty in isolating malware and less transparency of network traffic has restrained the Network Function Virtualization market growth.

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Network Function Virtualization Market Segmentation

Network Function Virtualization Market is segmented based on Component, Enterprise Size, Application, End-Users and Region.

Component Insight

On the basis of Component, Network Function Virtualization Market is segmented into Solutions and Services. The solution segment is expected to dominate the target market growth due to growing adoption of automation and virtualization technologies and demand for mobility services.

Enterprise Size Insights

On the basis of Enterprise Size, Network Function Virtualization Market is segmented into Small Enterprises, Medium Enterprises, Large Enterprises. Large Enterprises is expected to dominate the target market growth due to adoption of virtualization solutions, network functions and services.

Application Insights

On the basis of Application, Network Function Virtualization Market is segmented into Core Network, Virtual Appliance. Virtual Appliance is expected to dominate the target market growth due to its wide variety of network operations such as traffic monitoring, forwarding, caching, security, domain name services and intrusion detection systems.

End-Users Insights

On the basis of End-Users, Network Function Virtualization Market is segmented into Data Centers, Service Providers, Healthcare, Banking, Manufacturing, Retail, Education, Defense and Others. Service Providers is expected to dominate the target market growth due to growing adoption of smartphones, rising data diversity and volume and consumption of higher data per user.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Network Function Virtualization Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, high disposable income, technological innovation, high adoption of digital technologies such as cloud computing, Software Defined Everything (SDx), IoT (Internet of Things), rapid growth in industrialization is anticipated to increase demand for Network Function Virtualization in the region.

Asia Pacific market is expected to witness rapid growth over the forecast period due to rapidly growing industrialization, favorable government policies, adoption of digital technologies, etc.

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Report Scope:

Attribute	Details
Base year for estimation	2022
Forecast period	2022 – 2032
Market representation	Revenue in USD Billion & CAGR from 2022 to 2032
Market Segmentation	By Component - Solutions and Services By Enterprise Size - Small Enterprises, Medium Enterprises, Large Enterprises By Application - Core Network, Virtual Appliance By End-Users - Data Centers, Service Providers, Healthcare, Banking, Manufacturing, Retail, Education, Defense and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Network Function Virtualization Market report based on Component, Enterprise Size, Application, End-Users and Region.

Network Function Virtualization Market, By Component:

Solutions
Services

Network Function Virtualization Market, By Enterprise Size:

Small Enterprises
Medium Enterprises
Large Enterprises

Network Function Virtualization Market, By Application:

Core Network
Virtual Appliance

Network Function Virtualization Market, By End-Users:

Data Centers
Service Providers
Healthcare
Banking
Manufacturing
Retail
Education
Defense
Others

Network Function Virtualization Market, By Region:

- - North America
    - - U.S.
      - Canada
  - Europe
    - - Germany
      - UK
      - France
      - Russia
      - Italy
      - Rest of Europe
  - Asia Pacific
    - - China
      - India
      - Japan
      - South Korea
      - Rest of Asia Pacific
  - Latin America
    - - Brazil
      - Mexico
      - Rest of Latin America
  - Middle East & Africa
    - - GCC
      - Israel
      - South Africa
      - Rest of Middle East & Africa

Network Function Virtualization Market Key Players

The key players operating the Network Function Virtualization Market includes, Intel Corporation, Ericsson AB, Juniper Network Inc., Huawei Technologies Co. Ltd., Oracle Corporation, Opera Software, Nokia Solutions and Network, Alcatel-Lucent, Amdocs Inc., ConteXtream Inc., and others.

Network Function Virtualization Market Company Profile

Intel Corporation*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

Ericsson AB
Juniper Network Inc.
Huawei Technologies Co. Ltd.
Oracle Corporation
Opera Software
Nokia Solutions and Network
Alcatel-Lucent
Amdocs Inc.
ConteXtream Inc.

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

In March 2021, Ericsson launched new “Ericsson Open Lab” a new space to innovate and collaborate with Ericsson’s Cloud RAN consumers and partners to drive network virtualization technologies. New launched “Ericsson Open Lab” is a physical and virtual space for fast interactive collaboration.
In April 2021, Amdocs DOX announced its service and network automation platform for Cloud Orchestration and NFV (Network Functions Virtualization) to be implemented by Globe Telecom (Philippines telecommunications provider).

Network Function Virtualization Market Table of Contents

Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
  - Primary Interviews
  - Primary Breakdown
  - Key data from Primary Sources
  - Key Thickness Insights
- Secondary Data
  - Major Secondary Sources
  - Secondary Sources
- Market Estimation
- Top-Down Approach
  - Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
  - Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
  - Key Questions this Study will Answer
  - Market Snippet, By Component
  - Market Snippet, By Enterprise Size
  - Market Snippet, By Application
  - Market Snippet, By End-Users
  - Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restrains
  - Market Opportunities
  - Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Network Function Virtualization Market, By Component
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
  - Y-o-Y Growth Analysis (%), 2022 – 2032
  - Segment Trends
- Solutions
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Services
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Network Function Virtualization Market, By Enterprise Size, 2022 – 2032, (US$ Bn)
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
  - Y-o-Y Growth Analysis (%), 2022 – 2032
  - Segment Trends
- Small Enterprises
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Medium Enterprises
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Large Enterprises
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Network Function Virtualization Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
  - Y-o-Y Growth Analysis (%), 2022 – 2032
  - Segment Trends
- Core Network
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Virtual Appliance
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Network Function Virtualization Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
  - Y-o-Y Growth Analysis (%), 2022 – 2032
  - Segment Trends
- Data Centers
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Service Providers
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Healthcare
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Banking
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Manufacturing
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032

- Retail
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Education
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Defense
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032

Network Function Virtualization Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
  - Y-o-Y Growth Analysis (%), 2022 – 2032
  - Regional Trends
- North America
  - Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
    - U.S.
    - Canada
- Europe
  - Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
    - UK
    - France
    - Germany
    - Russia
    - Italy
    - Rest of Europe
- Asia Pacific
  - Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
    - India
    - Japan
    - South Korea
    - China
    - Rest of Asia Pacific

- Latin America
  - Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- - - Brazil
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032

- - - GCC
    - Israel
    - South Africa
    - Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles

Intel Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

Ericsson AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

Juniper Network Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Huawei Technologies Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Opera Software
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Nokia Solutions and Network
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Alcatel-Lucent
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Amdocs Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
ConteXtream Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

The Last Word
- Future Impact
- About Us
- Contact

FAQs

What is the scope of the Network Function Virtualization Market research report?

The Network Function Virtualization Market is segmented into Component, Enterprise Size, Application, End-Users and Region.

What are the growing factors related with the Network Function Virtualization Market growth?

Network Function Virtualization Market is driven by factors like wide benefits and rising need for advanced network management systems.

What are the regions considered in the report & which region will dominate the Network Function Virtualization Market?

By region, the Network Function Virtualization market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

What are the leading Key players in the Network Function Virtualization Market?

How big is the Network Function Virtualization Market?

Network Function Virtualization Market accounted for US$ 25.0 billion in 2022 and is estimated to be US$ 292.5 billion by 2032 and is anticipated to register a CAGR of 26.3%.

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