Summary
A New Market Study, titled “Virtual Network Functions Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
Market Synopsis
The global market for virtual network functions is expected to grow to around USD 25 billion by 2023, at a 30% CAGR over the review period (2017-2023).
Drivers and Restraints
The major factors driving the demand for virtual network functions market include the rising need for advanced network management systems to handle the increasing complexity and complexities of networks. The virtual network function market is expected to experience a rapid growth as network virtualization technologies enable companies to reduce the costs associated with hardware equipment procurement and maintenance. Compared with traditional networking approach, the technologies help deliver network services in a more scalable way. The enterprises quickly embrace network virtualization solutions as they promote faster server delivery and rapid deployment of network services. SMEs are projected to experience a heavy use of virtualization solutions as they allow server & device consolidation and enhance disaster recovery. They can also handle multiple workloads with maximum uptime and improved performance by deploying those solutions. Rapid investment to market 5 G networks will also drive demand for solutions to virtual network functionality. Implementing the virtualization system would greatly improve the practical and technological feasibility of the 5 G network including improved mobility and decreased capital expenditure.
On the flip side, service providers' lack of quality as per the normal policies and safety requirements regulated by the European Telecommunications Requirements Institute (ETSI) is expected to be a major challenge factor for the virtual network functions over the review period.
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 software, hardware, and services. The hardware sub-segment comprises switches, storage, servers, and others. The software sub-segment comprises network security, application software, and load balancing. Furthermore, the service sub-segment is categorized as consulting service, training & support, integration & implementation and others.
On the basis of deployment, the market is bifurcated into on-premises and on-cloud.
Based on the organization size, the market is divided as large enterprises and Small & Medium Enterprises (SMEs).
Furthermore, on the basis of end-user, the market is classified as IT & telecom BFSI, healthcare, manufacturing, government, and others.
Request a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5680
Regional Assessment
The Virtual Network Functions are geographically segmented into four different regions, namely North America, Asia Pacific , Europe and the rest of the world.
In the market for virtual network functions North America is presumed to have a significant growth. The United States and Canada are the region's premier countries. That is due to the region's advanced telecom services. Europe is also projected to see substantial demand growth.
It is expected that the United Kingdom, France and Germany will be leading countries due to the increase in service providers, which will focus mainly on virtual network platforms in the coming years.
Asia Pacific is also projected to be the fastest-growing region in the market for virtual network functions over the review period. Japan , India, and China are the leading countries on the Virtual Network Functions market, owing to the increased use of tablets , laptops, and smartphones, as well as the increased availability of IP content.
The remaining segment of the world is also expected to witness significant growth over the review period. The the number of data centers in countries like Mexico, Brazil and GCC increased the use of virtualization server solutions to run heavy workloads and cloud applications. As well, growing investments in 5 G technology creation would fuel market growth. Countries including Mexico, Saudi Arabia, Dubai and Kuwait are exploring 5 G technology in this region and undertaking 5 G live tests on speed, equipment and latency. Telecom operators in the region are therefore preparing to switch to technology for virtualisation and SDN-based solutions for flexible and scalable network management.
Key Players
Some of the market players of Virtual Network Functions market include Cisco Corporartion (U.S.), Alcatel-Lucent (France), Ericsson (Sweden), F5 networks (U.S.), Huwaei (China) , Tech Mahindra (India), Ribbon Communications (U.S.), Trend Micro (Japan), Telefonica (Spain), Verizon Communications (U.S.), Fujitsu (Japan), NEC corporation (Japan), HP Enterprise( U.S.), and Aricent Incorporation (France).
Major Key Points in Table of Content
1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Virtual Network Function Market
6 Market Trends
7. Global Virtual Network Function Market By Component
8. Global Virtual Network Function Market By Organization Size
9 Global Virtual Network Function Market By Deployment
10. Global Virtual Network Function Market By End-User
11. Global Virtual Network Function Market By Region
12. Company Landscape
13. Company Profiles
13 1.2 Product/Business Segment Overview
14 Conclusion
Continued….
Complete Report Details @ https://www.marketresearchfuture.com/reports/virtual-network-functions-market-5680
About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
Market Overview:Prior to the existence of Virtual Network Functions (VNFs), the operational tasks were carried out by dedicated hardware.
VNFs transfer individual network functions from dedicated hardware devices into software that is executed on commodity hardware.
These executions are implemented by network service providers and businesses, which include Domain Name System (DNS), firewalls, caching or Network Address Translation (NAT).
By the implementation of VNFs, application provisioning process and service chaining process are feasible and convenient.However, increase in telecom service providers and surge in demand for cloud services are expected to be driving factors for the virtual network function market over the forecast period.Moreover, increased market development in virtual network functions is expected to add fuel to the growth of virtual network function market.
For instance, on November 2016, Tech Mahindra, an India-based leading consulting, business engineering, and integration company and an expert in digital transformation, networks, and operations for communications industry, unveiled their Virtual Network Function (VNF) Exchange, associated with numerous new age providers of Network Functions Virtualization (NFV) and Software Defined Networks (SDN) products.
Additionally, Verizon Communication partnered with Amazon web services to provide virtual network services.Complete Report Details @ https://www.marketresearchfuture.com/reports/virtual-network-functions-market-5680The virtual network functions market is categorized into component, organization size, deployment, and end-user.By component, the virtual network functions market is sub-divided into hardware, software, and services.
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 2027Market Overview:Prior to the existence of Virtual Network Functions (VNFs), the operational tasks were carried out by dedicated hardware.
VNFs transfer individual network functions from dedicated hardware devices into software that is executed on commodity hardware.
These executions are implemented by network service providers and businesses, which include Domain Name System (DNS), firewalls, caching or Network Address Translation (NAT).
VNFs could be interfaced together like elementary building blocks in a workflow, popularly known as service chaining.
By the implementation of VNFs, application provisioning process and service chaining process are feasible and convenient.However, increase in telecom service providers and surge in demand for cloud services are expected to be driving factors for the virtual network function market over the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5680Moreover, increased market development in virtual network functions is expected to add fuel to the growth of virtual network function market size.
For instance, on November 2016, Tech Mahindra, an India-based leading consulting, business engineering, and integration company and an expert in digital transformation, networks, and operations for communications industry, unveiled their Virtual Network Function (VNF) Exchange, associated with numerous new age providers of Network Functions Virtualization (NFV) and Software Defined Networks (SDN) products.
