Network Function Virtualization Market Size, Forecast [2030]

Segments - Network Function Virtualization Market by Applications (Traffic Analysis, Switching Elements, Security Function, Next-generation Signaling, and Service Assurance), Network Functions (Firewalls, Network Address Translation (NAT), Domain Name Service (DNS), and Intrusion Detection), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global network function virtualization market size is anticipated to expand during the forecast period, 2021 – 2028. The growth of the market is attributed to the growing demand for managing and deploying networking services.

Network function virtualization (NFV) is a virtual network that uses software applications to operate its network on a standard server that can help to function effective communication. The system also allows service providers to offer network service without using proprietary hardware. It helps in the optimization of networks and associated processes besides reducing of electricity consumption and lowering equipment costs.

Network Function Virtualization Market Outlook

It allows multiple apps to be accessed from a single network appliance and provides a significant reduction in capital and operating costs. Using this network, the system provides key network services such as firewalls, routes, and domain name service (DNS). The requirement for data-intensive applications has increased in the mobile industry, which in turn, raising the demand for greater network bandwidth to satisfy consumer needs.

Market Trends, Drivers, Restraints, and Opportunities

Factors such as reduction of equipment capacity, spacing requirements, and the simplification of network service management are key drivers for the rising demand for the network system.
Increasing need for cloud-based services and growing demand for data-intensive applications are projected to fuel the market expansions.
Technological advancements and usage of services including routers, mobile edges, and optical transport due to enhanced performance and lowering costs are expected to boost the NFV market during the forecast period.
Rising demand for data center expansion and cloud virtualization, as well as increased investments in 5G network infrastructure act as key drivers boosting the market growth.
Lack of adequate investment for cyber security from many small and medium-sized businesses and rising concerns for data violation are key challenges impeding the market growth. The system provides a centralized control point of network setting and once it is compromised, the intruder can access to all individual networks.
High access to the internet of things (IoT) and rising adoption of artificial intelligence to support all of the devices connected to these networks, which in turn, boosting the global demand for network function virtualization.

Scope of Network Function Virtualization Market Report

The report on the global network function virtualization market trends includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Network Function Virtualization market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Applications (Traffic Analysis, Switching Elements (Routers), Security Function, Next-Generation Signaling, and Service Assurance) and Network Functions (Firewalls, Network Address Translation (NAT), Domain Name Service (DNS), and Intrusion Detection)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Alcatel-Lucent, Ericsson AB, 6Wind SA, Huawei Technologies Co. Ltd., Amdocs Inc., Nokia Solutions and Network, CIMI Corporation, Connectem Inc., Intel Corporation, ConteXtream Inc., Juniper Network Inc., F5 Network Inc., Open Wave Mobility Inc., NEC Inc., Opera Software, HP, and Oracle Corporation.

Network Function Virtualization Market Segment Insights

Security Function segment is expected to represent a key share

On the basis of applications, the market is divided into traffic analysis, switching elements (routers), security function, next-generation signaling, and service assurance. The security function segment is expected to represent a key share during the forecast period owing to the rising adoption of the system for filtering cyber threat and enhancing cyber security.

Network Function Virtualization Market Application

NAT segment is projected to register a high CAGR

In terms of network functions, the global network function virtualization market analysis is segmented into firewalls, network address translation (NAT), domain name service (DNS), and intrusion detection. The NAT segment is projected to register a high CAGR in the coming years owing to rising development of new technology and innovative software solution for the network.

North America dominates the market

Based on regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted for a large market share of the market in 2020 and is anticipated to dominate the market during the forecast period owing to the growing expansion of telecom service and rising growth of 5G network in the region. On the other hand, Europe held a large market share trailing after North America and is projected to exhibit substantial growth during the forecast period.

Network Function Virtualization Market Region

Segments

The global network function virtualization market analysis has been segmented on the basis of

Applications

Traffic Analysis
Switching Elements (Routers)
Security Function
Next-Generation Signaling
Service Assurance

Network Functions

Firewalls
Network Address Translation (NAT)
Domain Name Service (DNS)
Intrusion Detection

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Alcatel-Lucent
Ericsson AB
6Wind SA
Huawei Technologies Co. Ltd.
Amdocs Inc.
Nokia Solutions and Network
CIMI Corporation
Connectem Inc.
Intel Corporation
ConteXtream Inc.
Juniper Network Inc.
F5 Network Inc.
Open Wave Mobility Inc.
NEC Inc.
Opera Software
HP
Oracle Corporation

Competitive Landscape

Some of the Key players in the global network function virtualization market trends include Alcatel-Lucent, Ericsson AB, 6Wind SA, Huawei Technologies Co. Ltd., Amdocs Inc., Nokia Solutions and Network, CIMI Corporation, Connectem Inc., Intel Corporation, ConteXtream Inc., Juniper Network Inc., F5 Network Inc., Open Wave Mobility Inc., NEC Inc., Opera Software, HP, and Oracle Corporation.

Several players are actively making R&D investment as a core growth strategy to strengthen their existing market positions. Intel Corporation, for example, has created a technology that allows modems to function as virtual servers. In order to gain a position in the industry, these players are concentrating on various market strategies such as partnership, mergers, acquisitions, new product growth, increased R&D investment, and creativity to expand their consumer base globally.

Network Function Virtualization Market Share

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Network Function Virtualization Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Network Function Virtualization Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Network Function Virtualization Market - Supply Chain
  4.5. Global Network Function Virtualization Market Forecast
     4.5.1. Network Function Virtualization Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Network Function Virtualization Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Network Function Virtualization Market Absolute $ Opportunity
5. Global Network Function Virtualization Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Network Function Virtualization Market Size and Volume Forecast by Applications
     5.3.1. Traffic Analysis
     5.3.2. Switching Elements (Routers)
     5.3.3. Security Function
     5.3.4. Next-Generation Signaling
     5.3.5. Service Assurance
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Network Function Virtualization Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Network Function Virtualization Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Network Function Virtualization Demand Share Forecast, 2019-2026
7. North America Network Function Virtualization Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Network Function Virtualization Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Network Function Virtualization Market Size and Volume Forecast by Applications
     7.4.1. Traffic Analysis
     7.4.2. Switching Elements (Routers)
     7.4.3. Security Function
     7.4.4. Next-Generation Signaling
     7.4.5. Service Assurance
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Network Function Virtualization Demand Share Forecast, 2019-2026
8. Latin America Network Function Virtualization Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Network Function Virtualization Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Network Function Virtualization Market Size and Volume Forecast by Applications
     8.4.1. Traffic Analysis
     8.4.2. Switching Elements (Routers)
     8.4.3. Security Function
     8.4.4. Next-Generation Signaling
     8.4.5. Service Assurance
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Network Function Virtualization Demand Share Forecast, 2019-2026
9. Europe Network Function Virtualization Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Network Function Virtualization Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Network Function Virtualization Market Size and Volume Forecast by Applications
     9.4.1. Traffic Analysis
     9.4.2. Switching Elements (Routers)
     9.4.3. Security Function
     9.4.4. Next-Generation Signaling
     9.4.5. Service Assurance
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Network Function Virtualization Demand Share Forecast, 2019-2026
10. Asia Pacific Network Function Virtualization Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Network Function Virtualization Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Network Function Virtualization Market Size and Volume Forecast by Applications
     10.4.1. Traffic Analysis
     10.4.2. Switching Elements (Routers)
     10.4.3. Security Function
     10.4.4. Next-Generation Signaling
     10.4.5. Service Assurance
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Network Function Virtualization Demand Share Forecast, 2019-2026
11. Middle East & Africa Network Function Virtualization Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Network Function Virtualization Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Network Function Virtualization Market Size and Volume Forecast by Applications
     11.4.1. Traffic Analysis
     11.4.2. Switching Elements (Routers)
     11.4.3. Security Function
     11.4.4. Next-Generation Signaling
     11.4.5. Service Assurance
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Network Function Virtualization Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Network Function Virtualization Market: Market Share Analysis
  12.2. Network Function Virtualization Distributors and Customers
  12.3. Network Function Virtualization Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Alcatel-Lucent
     12.4.2. Ericsson AB
     12.4.3. 6Wind SA
     12.4.4. Huawei Technologies Co. Ltd.
     12.4.5. Amdocs Inc.
     12.4.6. Nokia Solutions and Network
     12.4.7. CIMI Corporation
     12.4.8. Connectem Inc.
     12.4.9. Intel Corporation
     12.4.10. ConteXtream Inc.
     12.4.11. Juni