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PUBLISHER: IMARC | PRODUCT CODE: 1370336
PUBLISHER: IMARC | PRODUCT CODE: 1370336
Network Function Virtualization (NFV) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 142 Pages
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Abstract
Market Overview 2023-2028:
The global network function virtualization (NFV) market size reached US$ 22.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 72.2 Billion by 2028, exhibiting a growth rate (CAGR) of 19.9% during 2023-2028.
Network function virtualization (NFV) refers to the process of designing, deploying and managing networking services. NFV performs various networking functions, operates them from a hardware base and enables the user to run the software in virtual machines. In comparison to the traditionally used firewalling devices and routers, modern NVF solutions can be deployed on multiple hardware. It is often used along with various other services, such as domain name service (DNS), network address translation (NAT), firewalls and caching. NFV architecture consists of an element manager, virtualized infrastructure manager, orchestrator and operation support system.
Network Function Virtualization (NFV) Market Trends:
Significant growth in the banking, financial services and insurance (BFSI), healthcare, retail, manufacturing and information technology (IT) industries is one of the key factors creating a positive outlook for the market. This has increased the requirement for advanced network management and NFV systems to handle the growing network traffic and data complexities. Furthermore, widespread adoption of virtual appliances is also driving the market. They are usually based on various networking operations, such as traffic forwarding, monitoring, security, caching, intrusion detection systems and domain name service. NFV offers optimized network scalability and agility to manage the entire network and improve its overall performance, which is acting as another growth-inducing factor. It can also be integrated with the Internet of Things (IoT) and private cloud computing services for enhanced flexibility. Other factors, including the growing demand for data center consolidation and server virtualization, along with increasing investments in the 5G network technology, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global network function virtualization (NFV) market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on offering, deployment mode, enterprise size, application and end-user.
Breakup by Offering:
Software
Orchestration and Automation
Services
Breakup by Deployment Mode:
Cloud-Based
On-Premises
Breakup by Enterprise Size:
Small and Medium Enterprises
Large Enterprises
Breakup by Application:
Virtual Appliance
Core Network
Breakup by End-User:
BFSI
Healthcare
Retail
Manufacturing
Government and Defense
Education
IT and Telecom
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Affirmed Networks Inc. (Microsoft Corporation), Allot Ltd., Amdocs, Ciena Corporation (Tellabs Inc.), Cisco Systems Inc., Dell EMC (Dell Technologies Inc.), Huawei Technologies Co. Ltd., Intel Corporation, Juniper Networks Inc., NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, etc.
Key Questions Answered in This Report:
- How has the global network function virtualization (NFV) market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global network function virtualization (NFV) market?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the deployment mode?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global network function virtualization (NFV) market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2304
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Network Function Virtualization (NFV) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Offering
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Orchestration and Automation
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Deployment Mode
- 7.1 Cloud-Based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 On-Premises
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Enterprise Size
- 8.1 Small and Medium Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Large Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Virtual Appliance
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Core Network
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by End-User
- 10.1 BFSI
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Healthcare
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Retail
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Manufacturing
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Government and Defense
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Education
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7 IT and Telecom
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
- 10.8 Others
- 10.8.1 Market Trends
- 10.8.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Affirmed Networks Inc. (Microsoft Corporation)
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Allot Ltd.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Amdocs
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 SWOT Analysis
- 16.3.4 Ciena Corporation (Tellabs Inc.)
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Cisco Systems Inc.
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 Dell EMC (Dell Technologies Inc.)
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 Huawei Technologies Co. Ltd.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 SWOT Analysis
- 16.3.8 Intel Corporation
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 Juniper Networks Inc.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 NEC Corporation
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Nokia Corporation
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 Telefonaktiebolaget LM Ericsson
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.13 ZTE Corporation
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio
- 16.3.13.3 Financials
- 16.3.1 Affirmed Networks Inc. (Microsoft Corporation)
Product Code: SR112023A2304
List of Figures
- Figure 1: Global: Network Function Virtualization Market: Major Drivers and Challenges
- Figure 2: Global: Network Function Virtualization Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Network Function Virtualization Market: Breakup by Offering (in %), 2022
- Figure 4: Global: Network Function Virtualization Market: Breakup by Deployment Mode (in %), 2022
- Figure 5: Global: Network Function Virtualization Market: Breakup by Enterprise Size (in %), 2022
- Figure 6: Global: Network Function Virtualization Market: Breakup by Application (in %), 2022
- Figure 7: Global: Network Function Virtualization Market: Breakup by End-User (in %), 2022
- Figure 8: Global: Network Function Virtualization Market: Breakup by Region (in %), 2022
- Figure 9: Global: Network Function Virtualization Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 10: Global: Network Function Virtualization (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Network Function Virtualization (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Network Function Virtualization (Orchestration and Automation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Network Function Virtualization (Orchestration and Automation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Network Function Virtualization (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Network Function Virtualization (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Network Function Virtualization (Cloud-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Network Function Virtualization (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Network Function Virtualization (On-Premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Network Function Virtualization (On-Premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Network Function Virtualization (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Network Function Virtualization (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Network Function Virtualization (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Network Function Virtualization (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Network Function Virtualization (Virtual Appliance) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Network Function Virtualization (Virtual Appliance) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Network Function Virtualization (Core Network) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Network Function Virtualization (Core Network) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Network Function Virtualization (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Network Function Virtualization (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Network Function Virtualization (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Network Function Virtualization (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Network Function Virtualization (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Network Function Virtualization (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Network Function Virtualization (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Network Function Virtualization (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Network Function Virtualization (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Network Function Virtualization (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Network Function Virtualization (Education) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Network Function Virtualization (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Network Function Virtualization (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Network Function Virtualization (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Network Function Virtualization (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Network Function Virtualization (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: North America: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: North America: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: United States: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: United States: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Canada: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Canada: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Asia Pacific: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Asia Pacific: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: China: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: China: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Japan: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Japan: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: India: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: India: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: South Korea: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: South Korea: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Australia: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Australia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Indonesia: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Indonesia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Europe: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Europe: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Germany: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Germany: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: France: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: France: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: United Kingdom: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: United Kingdom: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Italy: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Italy: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Spain: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Spain: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Russia: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Russia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Latin America: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Latin America: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Brazil: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Brazil: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Mexico: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Mexico: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Middle East and Africa: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Middle East and Africa: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Global: Network Function Virtualization Industry: SWOT Analysis
- Figure 93: Global: Network Function Virtualization Industry: Value Chain Analysis
- Figure 94: Global: Network Function Virtualization Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Network Function Virtualization Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Network Function Virtualization Market Forecast: Breakup by Offering (in Million US$), 2023-2028
- Table 3: Global: Network Function Virtualization Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
- Table 4: Global: Network Function Virtualization Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
- Table 5: Global: Network Function Virtualization Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Network Function Virtualization Market Forecast: Breakup by End-User (in Million US$), 2023-2028
- Table 7: Global: Network Function Virtualization Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Network Function Virtualization Market Structure
- Table 9: Global: Network Function Virtualization Market: Key Players
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