USA, Rockville MD, May 08, 2022 (GLOBE NEWSWIRE) — The Network Functions Virtualization (NFV) market is expected to reach US$7.8 billion by 2032 from US$4.1 billion in 2022 , growing at a CAGR of 6.6% over the forecast period. the request Network Functions Virtualization is expected to increase over the forecast period and the market was valued at US$3.9 billion in 2021.
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One of the driving forces behind the growth of the Network Functions Virtualization (NFV) market is the growing need for improved network management systems to handle increasing network traffic and complexity.
Growing number of network complexities and ever-increasing demand for cloud-based services, IoT deployment, security agility, cloud migration; Growing demand for network virtualization and automation and the need for advanced network management systems are some of the key factors driving the growth of the network function virtualization (NFV) market.
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Concerns such as increasing network security risks in Network Functions Virtualization and deteriorating economic conditions related to COVID-19 outbreak have posed significant impediments for the Network Functions Virtualization market growth. (NFV).
The United States is expected to capture the lion’s share of the Network Functions Virtualization (NFV) market. The Network Functions Virtualization (NFV) market has significant growth potential. Early and rapid adoption of network function virtualization (NFV) such as cloud computing, software-defined everything (SDx) and IoT has helped the network function virtualization (NFV) market in the United States .
What are the key challenges faced by Network Function Virtualization (NFV) market players?
It has been observed that there are several delays in the adoption of this technology by several potential customers which hinder the [RS1] adoption of multi-instance network function virtualization services. Additionally, the lack of awareness among the general population about the immense opportunities created by the deployment of VNF and NFV systems has prevented the market from realizing its full potential.
Inadequate infrastructure and unavailability of skilled manpower to manage NFV hardware and software operations is a prime factor in the limited expansion of regional markets. In addition to this, the stringent regulations by government authorities to control network radiation are expected to pose serious restraints for the development of the software-defined networking and network function virtualization market.
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Key segments covered by the Network Functions Virtualization Industry survey
- By type:
- Parabolic antenna
- Flat screen antenna
- Yagi antenna
- By Polarization:
- Single polarization antenna
- Dual polarized antenna
- By Diameter:
- 0.2m to 0.9m
- 1.0m to 3.0m
- 3.1m to 4.6m
- By Frequency Range:
- 1.0GHz to 9.9GHz
- 10.0GHz to 29.9GHz
- 30.0GHz to 86.0GHz
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The research offers a competitive landscape based on a detailed examination of significant strategic initiatives implemented by leading Network Functions Virtualization (NFV) market players in the Network Functions Virtualization (NFV) arena over the past four years.
Leading players profiled in Network Functions Virtualization (NFV) market are Cisco Systems Inc. (US), Juniper Networks, Inc. (US), Affirmed Networks (US), Ribbon Communication, Inc (USA), Fujitsu, Ltd. (Japan), Huawei Technologies Co., Ltd (China), VMware, Inc. (USA), Nokia Corporation (Finland), Ericsson AB (USA), Ciena Corporation (USA), Hewlett Packard Enterprises ( United States), ZTE Corporation ((US).
The key players in the Network Functions Virtualization Market
- Comba Telecom Systems Holdings
- Cambium Networks
- Tongyu Communication
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Main takeaways from Network Functions Virtualization Market research
- In Polarization segment, Network Function Virtualization (NFV) Market Dual Polarization Antenna is expected to flourish at CAGR of 6.0% till 2032.
- With a CAGR of 6.0% till 2032, telecommunication is expected to witness significant growth in the application sector of the network function virtualization (NFV) market.
- The United States Network Functions Virtualization (NFV) market size is expected to reach US$2.8 billion by 2032, growing at a CAGR of 6.3% during the forecast period.
- UK is expected to reach a market size of US$318 million in Network Functions Virtualization (NFV) by 2032, growing at a CAGR of 5.2% during the forecast period.
- The Chinese Network Functions Virtualization (NFV) market is expected to be worth US$557 million by 2032, growing at a CAGR of 5.9% over the forecast period.
- Japan is expected to have a Network Functions Virtualization (NFV) market size of US$ 449 million by 2032, growing at a CAGR of 4.9% during the forecast period.
- By 2032, South Korea is expected to reach a market size of US$280 million in Network Functions Virtualization (NFV), growing at a CAGR of 4.2% during the forecast period.
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