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Network Function Virtualization (NFV) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5647837
Description Jump to:
The global network function virtualization (NFV) market size reached US$ 22.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 72.2 Billion by 2028, exhibiting a growth rate (CAGR) of 19.9% during 2023-2028.

Network function virtualization (NFV) refers to the process of designing, deploying and managing networking services. NFV performs various networking functions, operates them from a hardware base and enables the user to run the software in virtual machines. In comparison to the traditionally used firewalling devices and routers, modern NVF solutions can be deployed on multiple hardware. It is often used along with various other services, such as domain name service (DNS), network address translation (NAT), firewalls and caching. NFV architecture consists of an element manager, virtualized infrastructure manager, orchestrator and operation support system.

Network Function Virtualization (NFV) Market Trends:

Significant growth in the banking, financial services and insurance (BFSI), healthcare, retail, manufacturing and information technology (IT) industries is one of the key factors creating a positive outlook for the market. This has increased the requirement for advanced network management and NFV systems to handle the growing network traffic and data complexities. Furthermore, widespread adoption of virtual appliances is also driving the market. They are usually based on various networking operations, such as traffic forwarding, monitoring, security, caching, intrusion detection systems and domain name service. NFV offers optimized network scalability and agility to manage the entire network and improve its overall performance, which is acting as another growth-inducing factor. It can also be integrated with the Internet of Things (IoT) and private cloud computing services for enhanced flexibility. Other factors, including the growing demand for data center consolidation and server virtualization, along with increasing investments in the 5G network technology, are expected to drive the market further.

Key Market Segmentation

The report provides an analysis of the key trends in each segment of the global network function virtualization (NFV) market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on offering, deployment mode, enterprise size, application and end-user.

Breakup by Offering:

  • Software
  • Orchestration and Automation
  • Services

Breakup by Deployment Mode:

  • Cloud-Based
  • On-Premises

Breakup by Enterprise Size:

  • Small and Medium Enterprises
  • Large Enterprises

Breakup by Application:

  • Virtual Appliance
  • Core Network

Breakup by End-User:

  • BFSI
  • Healthcare
  • Retail
  • Manufacturing
  • Government and Defense
  • Education
  • IT and Telecom
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Affirmed Networks Inc. (Microsoft Corporation), Allot Ltd., Amdocs, Ciena Corporation (Tellabs Inc.), Cisco Systems Inc., Dell EMC (Dell Technologies Inc.), Huawei Technologies Co. Ltd., Intel Corporation, Juniper Networks Inc., NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, etc.

Key Questions Answered in This Report:

  • How has the global network function virtualization (NFV) market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global network function virtualization (NFV) market?
  • What is the breakup of the market based on the offering?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the enterprise size?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global network function virtualization (NFV) market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Network Function Virtualization (NFV) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Offering
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Orchestration and Automation
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 Cloud-Based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-Premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Enterprise Size
8.1 Small and Medium Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Virtual Appliance
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Core Network
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End-User
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Healthcare
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Retail
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Manufacturing
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Government and Defense
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Education
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 IT and Telecom
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Affirmed Networks Inc. (Microsoft Corporation)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Allot Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Amdocs
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 SWOT Analysis
16.3.4 Ciena Corporation (Tellabs Inc.)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Cisco Systems Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Dell EMC (Dell Technologies Inc.)
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Huawei Technologies Co. Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 SWOT Analysis
16.3.8 Intel Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Juniper Networks Inc.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 NEC Corporation
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Nokia Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Telefonaktiebolaget LM Ericsson
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
16.3.13 ZTE Corporation
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 Financials
List of Figures
Figure 1: Global: Network Function Virtualization Market: Major Drivers and Challenges
Figure 2: Global: Network Function Virtualization Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Network Function Virtualization Market: Breakup by Offering (in %), 2022
Figure 4: Global: Network Function Virtualization Market: Breakup by Deployment Mode (in %), 2022
Figure 5: Global: Network Function Virtualization Market: Breakup by Enterprise Size (in %), 2022
Figure 6: Global: Network Function Virtualization Market: Breakup by Application (in %), 2022
Figure 7: Global: Network Function Virtualization Market: Breakup by End-User (in %), 2022
Figure 8: Global: Network Function Virtualization Market: Breakup by Region (in %), 2022
Figure 9: Global: Network Function Virtualization Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Network Function Virtualization (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Network Function Virtualization (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Network Function Virtualization (Orchestration and Automation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Network Function Virtualization (Orchestration and Automation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Network Function Virtualization (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Network Function Virtualization (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Network Function Virtualization (Cloud-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Network Function Virtualization (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Network Function Virtualization (On-Premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Network Function Virtualization (On-Premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Network Function Virtualization (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Network Function Virtualization (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Network Function Virtualization (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Network Function Virtualization (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Network Function Virtualization (Virtual Appliance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Network Function Virtualization (Virtual Appliance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Network Function Virtualization (Core Network) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Network Function Virtualization (Core Network) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Network Function Virtualization (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Network Function Virtualization (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Network Function Virtualization (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Network Function Virtualization (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Network Function Virtualization (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Network Function Virtualization (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Network Function Virtualization (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Network Function Virtualization (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Network Function Virtualization (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Network Function Virtualization (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Network Function Virtualization (Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Network Function Virtualization (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Network Function Virtualization (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Network Function Virtualization (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Network Function Virtualization (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Network Function Virtualization (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia Pacific: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia Pacific: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Network Function Virtualization Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Global: Network Function Virtualization Industry: SWOT Analysis
Figure 93: Global: Network Function Virtualization Industry: Value Chain Analysis
Figure 94: Global: Network Function Virtualization Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Network Function Virtualization Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Network Function Virtualization Market Forecast: Breakup by Offering (in Million US$), 2023-2028
Table 3: Global: Network Function Virtualization Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 4: Global: Network Function Virtualization Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
Table 5: Global: Network Function Virtualization Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Network Function Virtualization Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 7: Global: Network Function Virtualization Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Network Function Virtualization Market Structure
Table 9: Global: Network Function Virtualization Market: Key Players

Companies Mentioned

  • Affirmed Networks Inc. (Microsoft Corporation)
  • Allot Ltd.
  • Amdocs
  • Ciena Corporation (Tellabs Inc.)
  • Cisco Systems Inc.
  • Dell EMC (Dell Technologies Inc.)
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • Juniper Networks Inc.
  • NEC Corporation
  • Nokia Corporation
  • Telefonaktiebolaget LM Ericsson
  • ZTE Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 22.3 Billion
Forecasted Market Value ( USD ) by 2028 $ 72.2 Billion
Compound Annual Growth Rate21.6%
Regions CoveredGlobal
No. of Companies Mentioned13

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