The global network function virtualization market was valued at almost $3 billion in 2015 and is expected to surpass $11 billion by 2020, says Technavio.
Technavio’s data center portfolio has announced its latest market research report on network function virtualization for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global network function virtualization market during the forecast period. Some of the top vendors listed in this industry analysis include Brocade Communication Systems, Cisco Systems, Ericsson, Juniper Networks, Hewlett-Packard Enterprise, Huawei Technologies, Nokia, and VMware.
As per geography, the Americas will be the largest region in the global market, reaching revenues of over $4 billion by 2020. North America and Latin Americas will emerge as the key revenue-generators.
“OSS and BSS are software systems that aid in streamlining telecom network operations and implementing service fulfillment. These tools are used to manage complex networks and IT infrastructure, service delivery, and customer support. Automation of OSS and BSS systems help in the functionalities of SDN and NFV technologies for quicker configuration, provisioning, billing and fault management. Vendors in the market offering SDN and NFV are also integrating OSS and BSS systems to revolutionize the market,” says a lead analyst at Technavio for research on data centers.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Growth in IoT
The growth of IoT with connected devices such a connected car, connected home, connected health, and smart cities are gaining popularity and generating a significant amount of data. These have applications in various industries like manufacturing, utilities, retail, automotive, and social media and are using IoT for increased data transfer. IoT-enabled devices aid in the development and operations of various network services and connected various elements securely. NFV is adopted by telecom operators to use the power of virtualization and commercial servers, and open software to build, operate, and manage these networks.
Increased adoption of SDN
The increasing adoption of SDN is revolutionizing network control and forwarding plane systems, allowing it to be programmed directly. The implementation of this tool enables transferring of control from specific network devices to manageable computing devices, simplifying the management of network infrastructure in an enterprise environment. Moreover, this software offers control to enterprise business operations through a single logical point, simplifying network design and operation.
Reduction in CAPEX and OPEX
NFV networks adopted by organizations and service providers aid in increasing the utilization of the underlying IT infrastructure such as a server, storage, and network, which, in turn, reduces the capital expenditure (CAPEX) and operating expense (OPEX) for telecom operators’ data centers. These enable service providers to lower the need for hardware application for purposes such as firewall, CDN, WAN acceleration, radio access network (RAN), and load balancers.
Other prominent vendors identified in this report are 6WIND, A10 Networks, Affirmed Networks, Allot Communications, Amdocs, ASTRI, Broadcom, Canonical’s Ubuntu, Ciena (Blue Planet), Citrix, Dell, F5 Networks, Fortinet, Fujitsu, GENBAND, Intel, IP Infusion, Ixia, Metaswitch Networks, Mirantis, NEC and Netcracker, NFWare, OneAccess Networks, Oracle, PacketLogic, Palo Alto Networks, PLUMgrid, Quali Systems, Radware. Red Hat, Sonus Networks, Telco Systems, Trend Micro, VeloCloud, Wind River, and ZTE.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Network Function Virtualization Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Workspace Delivery Network Market 2016-2020
- Global Network as a Service Market 2016-2020
- Global Workspace Aggregator Market 2016-2020
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