Network Function Virtualization Market growth, trends and forecast by 2024

By Ronak Bora

Network function virtualization market share from healthcare sector is predicted to account for more than 15% revenue share by 2024. The growth can be attributed to the escalating penetration of virtualization technologies for managing massive healthcare IT networks. With a virtualized network, healthcare institutions gain the capability to advance network agility, decrease operational costs, and prioritize critical traffic.
 
The requirement for data center virtualization and server consolidation will also contribute as the major factors augmenting Network Function Virtualization Market forecast which predicts the industry share to exceed $70 billion by 2024.
Increasing deployment of NFC technology due to the need of robust data management systems will fuel the market share over the ensuing years. Growing demand for atomization of orchestration and organization of computing resources, storage devices, and network are key driving factors in the development of NFV and Software Defined Networking (SDN) technologies.
Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2768 Huge investment of telecom service providers to commercialize 5G will also play a major role for enhancing network function virtualization market trends. A few of the typical problems in complex carrier networks are a huge variety of proprietary nodes and hardware appliances and the demand of supplementary proprietary hardware for introduction of new services. The enables telecom carriers to utilize network resources without being concerned about their physical location. Carriers are capable of using a single platform for various users, tenants, and applications with enhanced network device. Moreover, by reducing the standard network operator cycle of improvement, NFV lessens product’s time to market.
North America played a key role in network function virtualization industry revenue growth in 2017. The market forecast report has predicted that North America will hold more than 35% of the NFV industry share over 2018-2024.
Asia Pacific network function virtualization market outlook is anticipated to record the fastest growth over 2018-2024 owing to the intensifying demand for cloud-based storage, networking, and computing solutions from the rapidly developing technology firms in the region.
The Prominent Players in the market including Cisco, Ericsson, Juniper, AT&T, F5 Networks, Broadcom, Nokia, HP, Huawei, NFWare, WindRiver, 6Wind, Riverbed, Oracle, Verizon, Arista, Amdocs, VMware.
Get this report Customized to your requirements @ https://www.decresearch.com/roc/2768
Table of Content
Chapter 5. network function virtualization Market, By Component
5.1. Key trends, by component
5.2. Hardware
5.2.1. network function virtualization servers
5.2.1.1. servers market estimates and forecast, by region, 2013-2024
5.2.2. Storage
5.2.2.1. Storage market estimates and forecast, by region, 2013-2024
5.2.3. Switches
5.2.3.1. Swrtches market estimates and forecast, by region, 2013-2024
5.3. Software
5.3.1. network function virtualization MANO
5.3.1.1. MANO market estimates and forecast, by region, 2013-2024
5.3.2. VNF software
5.3.2.1. VNF software market estimates and forecast, by region, 2013-2024
5.4. Service
5.4.1. Training and consulting
5.4.1.1. Training and consulting market estimates and forecast, by region, 2013-2024
5.4.2. Integration and maintenance
5.4.2.1. Integration and maintenance market estimates and forecast, by region, 2013-2024
5.4.3. Managed service
5.4.3.1. Managed service market estimates and forecast, by region, 2013-2024
Chapter 6. network function virtualization market, By Application
6.1. Key trends, by application
6.2. IT & Telecom
6.2.1. IT & Telecom market estimates and forecast, by region, 2013-2024
6.3. BFSI
6.3.1. BFSI market estimates and forecast, by region, 2013-2024
6.4. Healthcare
6.4.1. Healthcare market estimates and forecast, by region, 2013-2024
6.5. Retail & consumer goods
6.5.1. Retail & consumer goods market estimates and forecast, by region, 2013-2024
6.6. Government
6.6.1. Government market estimates and forecast, by region, 2013-2024
6.7. Manufacturing
6.7.1. Manufacturing market estimates and forecast, by region, 2013-2024
6.8. Other applications
6.8.1. Other applications market estimates and forecast, by region, 2013-2024
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/network-function-virtualization-nfv-market

About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

Read More