Network
function virtualization (NFV) represents the shiftof focus
from hardware to software in the telecom industry, with operators
making loftier investments in software than in storage, server, and
switch hardware. The software segment accounted for a major share in
the network function virtualization market in terms of revenue
contribution. Geographically, this market is distributed over North
America, Europe, Asia Pacific, Middle East &Africa (MEA), and
Latin America.North Americadominated the global demand for network
function virtualization in 2015 and is expected to retain its
position over the forecast period, thus creating considerable
opportunities for market players.
The U.S. is a
significant contributor to the growth of network function
virtualization due to the superior technological infrastructure in
the country and its acceptability of innovative and niche systems
such as network function virtualization which are anticipated to
experience rapid growth, propelling the market in North America. The
market is primarily driven by the commercial deployment of NFV by
telecom operators such as Telefónica, AT&T, Verizon, and
CenturyLink. The migration to the 5G network further pushes the need
to deploy NFV technologies. Leading vendors intending to improve
customer experience of network usage is also projected to play a
role. Asia Pacific is a highly attractive market for network function
virtualization in terms of growth potential owing to the consumer
awareness in this region. Latin America is a potentially attractive
market for and its share is likely to rise over the forecast period.
The network function
virtualization market is highly competitive with the presence of
large-scale as well as small-scale global and regional vendors. All
the companies race against each other to increase their respective
shares of revenue in the market. This cut-throat environment is
projected to further intensify with new entrants in the market, which
is primarily motivated by technological upgrades of existing
services. To survive and gain success in this market, it is important
for leading companies to distinguish their services through a unique
and clear value proposition. Establishing communities such as Open
NFV and strong partnerships are predicted to strengthen their market
positions and generate revenue. Deployment of network function
virtualizationis majorly implemented by service provider networks
such as Telefónica, Vodafone, AT&T, and Orange. Competition
between vendors offering similar solutions is more intense compared
to that in the total market. In order to gain a competitive edge and
to meet increasing demands, network function virtualization companies
focus on providing services that increase efficiency and reliability.
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Key players include
Brocade Communication Systems, Ericsson, Huawei Technologies, Nokia,
Cisco, Hewlett Packard Enterprise (HPE), Juniper Networks, and
VMware. Other prominent vendors in the market include 6WIND, Affirmed
Networks, A10 Networks, Allot Communications, ASTRI, Amdocs,
Broadcom, Ciena (Blue Planet), Canonical's Ubuntu, Citrix, F5
Networks, Dell, Fortinet, GENBAND, Fujitsu, Intel, Ixia, IP
Infusion, Mirantis, Metaswitch Networks, NFWare, NEC and Netcracker,
OneAccess Networks, PacketLogic, Oracle, PLUMgrid, Palo Alto
Networks, Quali Systems, Sonus Networks, Radware. Red Hat, Trend
Micro,Telco Systems, Wind River, VeloCloud, and ZTE.These emerging
market players have been investing huge amounts of capital in
research and development activities and innovation centers in order
to expand their production capacities and meet the market’s growing
demands. In addition, major market players are extending their share
in the global network function virtualization marketthrough mergers
and acquisitions, joint ventures, and expansions.
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