The global NFV Infrastructure (NFVI) market is expected to grow at a significant CAGR during the forecast period (2024-2031). To provide optimal reliability, products in the telecommunications industry are built around specialized 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 specialized network applications are all virtualized in NFV. Network function virtualization allows the software to perform network operations on commodity hardware instead of costly, dedicated hardware appliances.
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The primary causes driving the growth of the global NFV infrastructure (NFVI) market include the increased adoption of SDN (software-defined networking) and lower CAPEX and OPEX. Owing to the growing demand from the telecom sector, the NFV Infrastructure (NFVI) market is one of the fastest-growing that allows providers to develop virtualized network functions by combining computation, storage, and networking resources. Network function virtualization (NFV) allows network operations to be done by software operating on commodity hardware rather than by expensive, specialized hardware appliances.
NVF is made up of three parts, such as VNF stands for virtualized network function, network function virtualization infrastructure (NFVI), and NFV management and orchestration (MANO). Other growth drivers for the market include the rising traffic complexity and variety in nations such as the United States, India, China, UK, France, and Germany. In addition, the growth of the global NFVI market will be fueled by an increase in demand for cloud services, data center consolidation, and server virtualization in several countries. The governance and security issues among telecom businesses are major challenges in the NFV Infrastructure (NFVI) sector.
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Market Coverage
- Segment Covered-
o By Component
- Competitive Landscape: Brocade Communication Systems, Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, and Juniper Networks, Inc. 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 (NFVI) Market Report Segmentation
By Component
- NFV Virtualization Software
- NFV IT Infrastructure and Services
By End-User
- Telecom
- Security & Surveillance
- Military & Defense
- Industrial
- Others
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