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Network Function Virtualization Market Size will reach 125 billion USD by the end of 2026

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Market Study Report Has Added A New Report On Network Function Virtualization Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size.

— The Network Function Virtualization Market is anticipated to reach over USD 125 billion by 2026 according to a new 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.

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North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increase in demand for mobility services, and increasing demand for data center consolidation drive the network function virtualization market growth. The growing trend of BYOD, IoT, and big data analytics further increase the demand for Network Function Virtualization. The growing penetration of mobile devices, and technological advancements further support network function virtualization market growth in the region. The growing demand for cloud services, and reducing telecom carrier costs further boost the market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from the developing countries of the region.

The growing demand for mobile broadband services, and increased demand for mobility has boosted the adoption of network function virtualization. The rising penetration of mobile devices, and increasing trend of BYOD further support the network function virtualization growth of this market. 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.

Growing demand from emerging economies, and technological advancements are expected to provide numerous growth opportunities in the coming years.

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The key players in the network function virtualization market include Juniper Networks, Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., Intel Corporation, Big Switch Networks, Inc., NEC Corporation, Hewlett Packard Enterprise Co., AT&T Inc, Citrix Systems, Inc., and Oracle Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Table of Contents:

1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Network Function Virtualization Market Insights
3.1. Network Function Virtualization ? Industry snapshot
4. Network Function Virtualization Market Size and Forecast by Component, 2018-2026
4.1. Key Findings
4.2. Hardware
4.3. Software
4.4. Services
5. Network Function Virtualization Market Size and Forecast by Organization Size, 2018-2026
5.1. Key Findings
5.2. Large Enterprises
5.3. Small and Medium Businesses
6. Network Function Virtualization Market Size and Forecast by Deployment Model, 2018-2026
7. Network Function Virtualization Market Size and Forecast by End-User, 2018-2026

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Source URL: https://marketersmedia.com/network-function-virtualization-market-size-will-reach-125-billion-usd-by-the-end-of-2026/88933837

Source: MarketersMedia

Release ID: 88933837

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