Criterion Networks offers lab programs for ISO 17025 Accredited SDN/NFV Test Facility in the developing innovation territories of Software Defined Networking (SDN), Network Function Virtualization (NFV), Cloud and IoT to meet the prerequisites of Network Equipment Manufacturers, Data Center and Network Operators. Our lab contributions exhaustively address the affirmation, interoperability, reconciliation and organization needs of our clients.
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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 2022Industry InsightA report by Marker Research Future (MRFR) estimates the global Network Function Virtualization Market analysis 2020 to surge at a 31% CAGR during the forecast period 2016-2022.
The businesses are rapidly embracing network virtualization solutions as they encourage faster server provisioning and quick deployment of network services.
The SMEs are anticipated to observe a heavy usage of virtualization solutions as they enable consolidation of server & applications and advance disaster recovery.
All these factors are liable for the growth of the market in the forecast period.The network function virtualization market is observed to be highly competitive with the incidence of large-scale as well as small-scale global and other vendors.
Such a cut-throat environment is estimated to further intensify new entrants in the market, which is chiefly motivated by technological upgrades of existing services.Segmentation of Market: Network Function VirtualizationThe study of global Network Function Virtualization has been conducted over the segments of application, deployment, infrastructure, and end-user.Network function virtualization market by Application segment has included next-generation signaling, switching elements, traffic analysis, and service assurance.The network function virtualization market by the Deployment segment has included on-premise and cloud.The network function virtualization market by infrastructure segment has included the virtualization layer and hardware resources.The network function virtualization market by the end-user segment has included cloud service providers, virtualized resources, information technology, the communication service provider (CSP), and BFSI.Regional OutlookThe geological analysis of Network function virtualization is being considered for the key regions such as Asia Pacific, North America, Europe, and the Rest of the World.
The study observed that North America is leading the Network function virtualization market in support of an unusual move from concepts to commercial deployment of NFV by the telecom operators, which will compel the network function virtualization market growth in the future.
The report published by MRFR states that the software-defined WAN market is likely to witness a whopping 50% CAGR during the forecast period.In contrast, the global SD WAN Market Share is likely to face some hindrance in growth due to various factors.
Bandwidth provisioning and the uncalculated risk of execution and expenses are some of the factors hindering the growth of the market.
Further, security concerns with the cloud and SaaS are likely to pose as hindrances in the market growth.
With a consistent increase in devices connected to the global network, the bandwidth may experience high load, resulting in slower data speed and poor performance, hence restraining the market growth.
Key PlayersSome of the major players in Global Software Defined Wide Area Network market includes Cisco Systems (U.S.), VeloCloud Inc. (U.S.), Versa Networks (U.S.), Cloudgenix Inc. (U.S.), CenturyLink, Inc. (U.S.), Silver Peak (U.S.), Talari Networks (U.S.), Viptela (), Nuage Networks (U.S.), and Ecessa Corporation (U.S.) among others.Software-Defined-Wide-Area-Network Market Global Market - SegmentationSegmentation by Component: Virtual appliance, Physical appliance, and Hybrid.Segmentation by Deployment: On-Cloud and on-Premises.Segmentation by Services: Managed services, and Professional servicesSegmentation by Application: Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Government, IT & Telecom, Manufacturing, and Others (Oil & Gas and Mining & Transportation).Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the WorldSoftware-Defined-Wide-Area-Network Market Global Market - Regional AnalysisNorth America is expected to dominate the global Software-Defined-Wide-Area-Network market with the largest market share in the region.
China, Taiwan, South Korea, Japan, India are leading countries in the region.
