United States, Rockville MD, May 08, 2022 (GLOBE NEWSWIRE) -- The network function virtualization (NFV) market is estimated to reach US$ 7.8 Billion by 2032 form US$ 4.1 Billion in 2022, growing at a 6.6% CAGR during the forecast period. The demand for Network Function Virtualization is expected to rise over the forecast period and the market was valued US$ 3.9 Billion in 2021.
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36 Tables, 120 Figures and 170 Pages
The growing requirement for improved network management systems to handle increasing network traffic and complexities is one of the growth propellers driving the growth of the network function virtualization (NFV) market.
The increasing number of network complexities and the ever-increasing demand for cloud-based services, deployment of IoT, security agility, cloud migration; increasing demand for network virtualization and automation and the need for advanced network management systems are some of the key factors driving the network function virtualization (NFV) market’s growth.
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The concerns such as rising network security risks in network function virtualization and deteriorating economic conditions the COVID-19 epidemic have posed significant barriers to the network function virtualization (NFV) market's growth.
The U.S. is expected to account for the lion's share of the network function virtualization (NFV) market. Network function virtualization (NFV) market has a significant growth potential. The early and rapid adoption of network function virtualization (NFV) such as cloud computing, Software defined everything (SDx), and IoT has assisted the network function virtualization (NFV) market in the U.S.
What are the Major Challenges Experienced by the Network Function Virtualization (NFV) Market Players?
It has been observed that there are several delays in the adoption of this technology by several potential customers that hampers the [RS1] adoption of network function virtualization services at several instances. Also, the lack of awareness among the general population about the immense opportunities created by the deployment of VNF and NFV systems has restrained the market from realizing its full potential.
Inadequate infrastructure and unavailability of skilled manpower to handle the NFV hardware and software operations is a prime factor for the limited expansion of the regional markets. In addition to this, stringent regulations by government authorities to control network radiations is anticipated to pose some serious restraints for the development of software defined networking and network function virtualization market.
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Key Segments Covered in the Network Function Virtualization Industry Survey
- By Type :
- Parabolic Antenna
- Flat Panel Antenna
- Yagi Antenna
- By Polarization :
- Single-polarized Antenna
- Dual-polarized Antenna
- By Diameter :
- 0.2m to 0.9m
- 1.0m to 3.0m
- 3.1m to 4.6m
- By Frequency Range :
- 1.0 GHz to 9.9 GHz
- 10.0 GHz to 29.9 GHz
- 30.0 GHz to 86.0 GHz
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Competitive Landscape
The research offers a competitive landscape based on a detailed examination of the important strategic initiatives implemented by the network function virtualization (NFV) industry’s top market participants in network function virtualization (NFV) over the previous four years.
The key players profiled in the network function virtualization (NFV) market are Cisco Systems Inc. (US), Juniper Networks, Inc. (US), Affirmed Networks (US), Ribbon Communication, Inc. (US), Fujitsu, Ltd. (Japan), Huawei Technologies Co., Ltd (China), VMware, Inc. (US), Nokia Corporation (Finland), Ericsson AB (US), Ciena Corporation (US), Hewlett Packard Enterprises (US), ZTE Corporation ( (U.S.).
Key players in the Network Function Virtualization Market
- Commscope
- Erricsson
- Comba Telecom Systems Holdings
- Amphenol
- Cambium Networks
- Tongyu Communication
- Laird
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Key Takeaways from Network Function Virtualization Market Study
- In the polarization sector, dual-polarized antenna from the network function virtualization (NFV) market is anticipated to flourish at the CAGR of 6.0% through 2032.
- With a CAGR of 6.0% through 2032, telecommunication is predicted to grow significantly in the application sector of the network function virtualization (NFV) market.
- The market size for network function virtualization (NFV) market in the United States is expected to reach US$ 2.8 Billion by 2032, growing at a CAGR of 6.3% during the forecast period.
- United Kingdom is expected to reach a market size of US$ 318 Million in Network function virtualization (NFV) by 2032, with a CAGR of 5.2% during the forecast period.
- China's Network function virtualization (NFV) market is expected to be worth US$ 557 Million by 2032, with a CAGR of 5.9% over the forecast period.
- Japan is expected to have a market size for Network function virtualization (NFV) of US$ 449 Million by 2032, with a CAGR of 4.9% during the forecast period.
- By 2032, South Korea is expected to reach a market size of US$ 280 Million in Network function virtualization (NFV), with a CAGR of 4.2% during the forecast period.
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