Network Function Virtualization (NFV)

Network Function Virtualization Market Share Is Estimated To Reach A Value Of Nearly US$ 7.8 Billion By 2032

Technology

Global Network Function Virtualization (NFV) Market Outlook

The network function virtualization (NFV) market is predicted to grow at a moderate CAGR of 6.6% during the forecast period. The network function virtualization market share is estimated to reach a value of nearly US$ 7.8 Billion by 2032, from US$ 3.9 Billion in 2021.

In comparison to conventional networking, the 5G NFV architecture technologies aid in the delivery of network services in a more scalable manner. In addition to this, as network virtualization technologies enable organizations to minimize the expenditure incurred during installation and maintenance of hardware equipment, the global NFV market is predicted to grow rapidly.

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Key Segments

  • By Type :

    • Parabolic Antenna
    • Flat Panel Antenna
    • Yagi Antenna
  • By Polarization :

    • Single-polarized Antenna
    • Dual-polarized Antenna
  • By Diameter :

    • 0.2m to 0.9m
    • 1.0m to 3.0m
    • 3.1m to 4.6m
  • By Frequency Range :

    • 1.0 GHz to 9.9 GHz
    • 10.0 GHz to 29.9 GHz
    • 30.0 GHz to 86.0 GHz
  • By Application :

    • Telecommunication
    • Commercial or Industrial
    • Military and Defense
    • Satellite
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa (MEA)

How Strong is the Competitive Landscape for the Network Function Virtualization (NFV) Market?

Leading market players with the goal of improving customer network usage experience are also expected to play a bigger role in the sales of network function virtualization in the global market. With the emergence of large and small scale industries as vendors, the network function virtualization has become fiercely competitive.

Service provider networks such as Telefónival, Vodafone, AT&T and Orange are among the first to deploy network function virtualization. New entrants in the global network function virtualization (NFV) market are primarily motivated by technological upgrades of the contemporary services.

What are the Recent Developments in the Field of Network Function Virtualization (NFV) Market?

  • VMware and Nokia got into partnership in November 2019 to perform the large volume cloud computing operations easier. This partnership intends to increase the sales of network function virtualization services in order to produce integrated solutions.
  • NVIDIA teamed up with Ericsson in October 2019 to facilitate its 5G radio access networks (RAN). Both firms have shifted their focus on creating technology to enable communication service operators in establishing virtualized 5G RANs as part of the collaboration.
  • Nokia Company introduced novel packet -optical switches for 5G cloud RAN in October 2019 by utilizing time-sensitive networking (TSN) designs.

 

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