How much size did the global NFV market register in 2017?

The market size of NFV exceeded USD 5 billion in 2017. Read More

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Network Function Virtualization (NFV) Market Share

Report ID: GMI2768
Published Date: Jul 2018
Report Format: PDF

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Network Function Virtualization Market Share

Companies operating in the NFV market are adopting product development strategy to meet the needs of various customers and to target untapped markets. For instance, in May 2017, AT&T added new network connectivity options and new security applications to its AT&T FlexWare NFV solution. With this release, the solution got enabled with connectivity options including Ethernet, VPN, and dedicated internet as well as broadband. These options helped AT&T FlexWare to integrate virtually with any network. In July 2016, AT&T and Amdocs collaborated to provide open software solutions to accelerate NFV. Under this partnership, Amdocs became a system integrator for companies using AT&T’s open source ECOMP platform to enable software-centric network capabilities.

Some of the key players operating in the network function virtualization (NFV) market are

Huawei
Broadcom
Ericsson
Juniper
AT&T
Nokia
F5 Networks
HP
Citrix
Riverbed
6Wind
VMware
Verizon
Pluribus
Arista
Amdocs
NFWare
Cisco
IBM

Authors: Suraj Gujar, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of NFV exceeded USD 5 billion in 2017.

The industry share of NFV is growing at a CAGR of over 42% to 2024.

Network function virtualization (NFV) technologies provide SMEs with faster deployment of scalable network services, allow server and applications to be consolidated and enable faster disaster recovery.

Implementing NFV technology can help to improve the architectural and functional viability of a 5G network, including lower capital expenditure and higher agility.

Latin America, Middle East and Africa (LAMEA) NFV industry will see rapid growth owing to an increasing number of data centers in Brazil, Mexico and GCC nations to run cloud-based applications.

Training & consulting services help enterprises in analyzing gaps, evaluating operational and infrastructure readiness and plan effective NFV-based deployment strategies.