How Software-Defined Networking and Network Function Virtualization are Revolutionizing the Networking Industry

Networking Defined By SoftwareIn few IT groups, Software Defined Networking (SDN) is still viewed as a hypothetical idea or vaporware to a great extent.

Even though SDN  is valid multiple fields, the truth is that we now have few circumstances where SDN can be utilised – and you will be able to see several cases in the coming years.

What was previously just another buzzword expressed by IT marketing experts, has now transformed into a practical idea which most of us can make use in organization networks.Who can precisely derive the benefits from SDN deployments today?

For one, a small portion of your network architecture must be fit for utilising software-defined technologies or can be redesigned to permit such centralised orchestration.The widest areas where SDN can be applied today is either inside the datacenter or at the WAN control.

What’s more is once your next network recharge comes around, you will be prepared to take benefits of SDN capacities that are arid.Another element that influences the value and reasonability of SDN in an enterprise surrounding needs to do with the level of infrastructure virtualisation that has effectively occurred.

Several advantages of SDN particularly in the Datacenter feels that servers and other system administrations should be virtualised too.

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 major factors driving the growth of the NFV market include the demand for network virtualization and automation, increased emergence of cloud services and server virtualization, and need for advanced network management systems.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93929190Among end user , the enterprises segment to grow at the highest CAGR during the forecast periodEnterprise customers are rapidly adopting NFV architecture, as it offers significant benefits such as improved network efficiency through centralized management, enhanced IT agility, and network customization through fast and reliable application services.

These customers have been categorized into various verticals, including Banking, Financial Services, and Insurance (BFSI), manufacturing, retail, healthcare, education, IT-enabled services, and government and defense.

In the present scenario, the deployment of NFV is prevalent across IT-enabled services, BFSI, and retail verticals.Under services, the implementation segment to grow at the highest CAGR during the forecast periodImplementation services add value to the network infrastructure of businesses.

These services assist end users in optimizing their network operations effectively.

In addition to this, they help enhance service delivery and manage network performance monitoring and management costs.

They support companies in efficiently deploying and managing the implementation of new solutions.

The Network Function Virtualization Market is anticipated to reach over USD 125 billion by 2026 according to a new research published by Polaris Market Research.

In 2017, the hardware segment dominated the global market, in terms of revenue.

North America was the leading contributor to the global market revenue in 2017.

The growing demand for mobile broadband services, and increased demand for mobility has boosted the adoption of network function virtualization.

The rising adoption of virtualization, cloud, and big data analytics has fueled the market growth over the years.

Increasing investments by vendors in technological advancements coupled with advancements in the 5G network technology would accelerate the network function virtualization market growth of the network function virtualization market during the forecast period.

Industry 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.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2455 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.Top Market ContendersThe well-known players in the Network function virtualization market are listed as Juniper Networks (U.S.), Accenture PLC (Ireland), Cisco Systems, Inc. (U.S.), Alcatel-Lucent S.A. (France), Nokia Corporation (Finland), Huawei Technologies Co. Ltd. (China), NEC Inc. (Japan), Intel Corporation (U.S.), Connectem Inc. (U.S.), Amdocs Inc. (U.S.), 6WIND (France), Ericsson (Sweden), Open Wave Mobility Inc. (U.S.), Oracle Corporation(U.S.), an Oracle Corporation(U.S.),d Allot communications (U.S.).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.

Also, the North America region is expected to retain its position over the forecast period, thus creating extensive opportunities for market players.