The global NFV Infrastructure market is expected to grow at a significant CAGR during the forecast period (2024-2031). NVF is made up of three components: virtualized network function (VNF), network function virtualization infrastructure (NFVI), and NFV management and orchestration (MANO). The primary growth drivers of the global NFV Infrastructure (NFVI) market are increased traffic complexity and variety in nations such as the US, India, China, the UK, France, and Germany. In addition, the expansion of the global NFV Infrastructure (NFVI) market will be fueled by an increase in demand for cloud services, data centre consolidation, and server virtualization in various countries.
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To provide optimal reliability, products in the telecommunications industry are built around specialised hardware and software. Separating network operations from proprietary hardware, consolidating, and running those functions as virtualized applications on a server is what network function virtualization is all about. Firewalls, WAN acceleration, message routers, message border controllers (used in VoIP networks), content delivery networks (CDNs), and other specialised network applications are all virtualized in NFV. Network function virtualization replaces expensive, dedicated hardware appliances with software running on commodity hardware.
The primary reasons driving the growth of the global NFV Infrastructure (NFVI) market are increased adoption of SDN (Software-defined networking) and lower CAPEX and OPEX. Due to the growing demand from the telecom sector, the global NFV Infrastructure (NFVI) market is one of the fastest-growing. NFV Infrastructure (NFVI) allows telecom service providers to develop virtualized network functions by combining computation, storage, and networking resources.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Brocade Communication Systems, Cisco Systems, Inc., Ericsson, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global NFV Infrastructure Market by Segment
By Component
- FV Virtualization Software
- NFV IT Infrastructure and Services
By End-User
- BFSI
- Healthcare
- IT and Telecommunication
- Others
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