Global Virtual Network Function Software Market - Segmented by Component (Hardware, Software, Service), Deployment, End-user Industry (BFSI, IT & Telecom, Manufacturing, Healthcare, Government), and Region - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4534380
  • Report
  • Region: Global
  • 80 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • Alcatel-Lucent
  • Cisco Corporation
  • F5 Networks Inc
  • HP Enterprise Inc
  • Ribbon Communications Inc
  • Telefonica S A
  • MORE
The market for virtual network function software is expected to register a CAGR of 38.7%, during the forecast period (2018 - 2023). The scope includes different component of virtual network function software market, such as hardware, software and service. The regions considered under the scope of the report include North America, Europe, Asia-Pacific, and Middle East & Africa.

Factors such as increase in telecom service providers and growing demand for cloud services are expected to drive the virtual network function market during the forecast period. Moreover, growing market development in virtual network functions is expected to add fuel to the growth of market. Major firms, such as Verizon Communication partnered with Amazon web services to provide virtual network services.

Increased Adoption of Internet of Things (IoT)

The number of connected devices is expected to grow by more than 50 billion by 2023. IoT is connecting various devices ranging smart home gadgets to agricultural sensors and big manufacturing systems. It being a new technology comes with new security threats. Thus, network function software can not only help communication service provider reduce costs, enable agile service delivery and provide security solutions using current information technologies, like virtualization, standard servers, and open software.

IT is Set to Become the Fastest Growing Segment

The market for network virtual function software market is expected to move towards enterprise cloud and internet service providers in the coming years. Private cloud is also one of the proposed areas for deployment of this market. In order to make private cloud more agile, network services have to be provisioned on-demand through this technology. With increased innovations towards identifying the cost-effective and efficient network function software solutions for enterprise data center environment, these deployment models in the cloud are likely to promote this market growth during the forecast period.

North America to Lead the Market

North America is accounted to have a largest share in the market owing to a significant move of commercial deployment of network function virtualization by the telecom operators, which will drive the network function software market growth. Migration to 5G will further promote the need of deploying network function virtualization (NFV).

Key Developments in Market
  • November 2017 : NTT East Japan adopted Cisco network function software to create new services for small and medium enterprises to ensure stability
Major Players - ALCATEL-LUCENT, ERICSSON, HUAWEI AND TECH MAHINDRA, amongst others.

Reasons to Purchase this Report

To understand the impact of virtual network function software market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating technology in the market
  • The Region that is expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
  • The report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Alcatel-Lucent
  • Cisco Corporation
  • F5 Networks Inc
  • HP Enterprise Inc
  • Ribbon Communications Inc
  • Telefonica S A
  • MORE
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Increased Adoption of Internet of Things (IoT)
4.2.2 Rising Popularity of Digitization
4.2.3 Demand for Data Intensive Applications
4.3 Factors Restraining the Market
4.3.1 Slow Adoption rates
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors

5. Global Virtual Network Software Market Segmentation
5.1 By Component
5.1.1 Hardware
5.1.2 Software
5.1.3 Service
5.2 By Deployment
5.2.1 On-premises
5.2.2 On-cloud
5.3 By End-user
5.3.1 BFSI
5.3.2 IT & Telecom
5.3.3 Manufacturing
5.3.4 Healthcare
5.3.5 Government
5.3.6 Others
5.4 By Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa

6. Competitive Intelligence - Company Profiles
6.1 Alcatel-Lucent Inc
6.2 Aricent Incorporation
6.3 Cisco Corporation
6.4 Ericsson Inc
6.5 F5 Networks, inc
6.6 Fujitsu Ltd
6.7 HP Enterprise Inc
6.8 Huawei Technologies Co. Ltd.
6.9 NEC Corporation
6.10 Ribbon Communications Inc
6.11 Tech Mahindra Limited
6.12 Telefonica, S A
6.13 Trend Micro Incorporated
6.14 Verizon Communications Inc
* List not exhaustive

7. Investment Analysis

8. Future Outlook of Virtual Network Software Market
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  • Alcatel-Lucent
  • Aricent Incorporation
  • Cisco Corporation
  • Ericsson Inc
  • F5 Networks Inc
  • Fujitsu Ltd
  • HP Enterprise Inc
  • Huawei Technologies Co. Ltd.
  • NEC Corporation
  • Ribbon Communications Inc
  • Tech Mahindra Limited
  • Telefonica S A
  • Trend Micro Incorporated
  • Verizon Communications Inc
Note: Product cover images may vary from those shown
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