Network Function Virtualization Market to Grow by $ 37.37 Billion through 2021-2025
Ciena Corp., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co. are among the key vendors discussed in the research report
The Global Network function virtualization market is projected to grow by $ 37.37 billion, decelerating at a CAGR of 26.40% till 2025 owing to factors such as the shift from the CAPEX model to the OPEX model. Rising cost pressure due to uncertain business and economic conditions in the wake of the COVID-19 pandemic has compelled several companies to use flexible IT solutions. On-premise deployment models include the cost of licensing, hardware, and others. Apart from the cost of the solution, organizations also need to spend a lot of funds on proper implementation, which increases the overall OPEX. Therefore, there is a growing inclination of data centers operating worldwide to rely on virtualization to run applications.
This research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
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Network Function Virtualization Market: Segments and Geographical Regions
- This report segments the market End-user (IT and telecom, BFSI, Government, and Others) and Geography (North America, Europe, APAC, MEA, and South America).
- 36% of the market growth will originate from North America during the forecast period.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Network Function Virtualization Market: Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Ciena Corp., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Oracle Corp., and Telefonaktiebolaget LM Ericsson are some of the major market participants.
Market Segmentation by End-user
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- Network Function Virtualization Market Split by End-user
- IT and telecom
- BFSI
- Government
- Others
- Network Function Virtualization Market Split by Geography
- North America
- Europe
- APAC
- MEA
- South America
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Ciena Corp.
- Cisco Systems Inc.
- Citrix Systems Inc.
- Dell Technologies Inc.
- Fortinet Inc.
- Fujitsu Ltd.
- Hewlett Packard Enterprise Co.
- Huawei Investment and Holding Co. Ltd.
- Oracle Corp.
- Telefonaktiebolaget LM Ericsson
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will decelerate at a CAGR of 26.40%.
- What is the incremental growth of the market?
The market is expected to grow by $ 37.37 bn through 2021-2025.
- What is a key factor driving this market?
Shift from the CAPEX model to the OPEX model will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
36% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Ciena Corp., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Oracle Corp., and Telefonaktiebolaget LM Ericsson
- What are the market segments covered in this report?
The market is segmented by End-user (IT and telecom, BFSI, Government, and Others) and Geography (North America, Europe, APAC, MEA, and South America)
