Network Function Virtualization (NFV) Market

The global network function virtualization (NFV) market experienced double-digit growth during 2014-2019. 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.

Global Network Function Virtualization (NFV) Market Trends and Drivers:

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. Looking forward, IMARC Group expects the global network function virtualization market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global network function virtualization market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on offering, deployment mode, enterprise size, application, end-user and region.

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?

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$), 2014-2019
Figure 3: Global: Network Function Virtualization Market: Breakup by Offering (in %), 2019
Figure 4: Global: Network Function Virtualization Market: Breakup by Deployment Mode (in %), 2019
Figure 5: Global: Network Function Virtualization Market: Breakup by Enterprise Size (in %), 2019
Figure 6: Global: Network Function Virtualization Market: Breakup by Application (in %), 2019
Figure 7: Global: Network Function Virtualization Market: Breakup by End-User (in %), 2019
Figure 8: Global: Network Function Virtualization Market: Breakup by Region (in %), 2019
Figure 9: Global: Network Function Virtualization Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 10: Global: Network Function Virtualization (Software) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Network Function Virtualization (Software) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Network Function Virtualization (Orchestration and Automation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Network Function Virtualization (Orchestration and Automation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Network Function Virtualization (Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Network Function Virtualization (Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Network Function Virtualization (Cloud-Based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Network Function Virtualization (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Network Function Virtualization (On-Premises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Network Function Virtualization (On-Premises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Network Function Virtualization (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Network Function Virtualization (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Network Function Virtualization (Large Enterprises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Network Function Virtualization (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Network Function Virtualization (Virtual Appliance) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Network Function Virtualization (Virtual Appliance) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Network Function Virtualization (Core Network) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Network Function Virtualization (Core Network) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Network Function Virtualization (BFSI) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Network Function Virtualization (BFSI) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Network Function Virtualization (Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Network Function Virtualization (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Network Function Virtualization (Retail) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Network Function Virtualization (Retail) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Network Function Virtualization (Manufacturing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Network Function Virtualization (Manufacturing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Network Function Virtualization (Government and Defense) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Network Function Virtualization (Government and Defense) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Network Function Virtualization (Education) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Network Function Virtualization (Education) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Global: Network Function Virtualization (IT and Telecom) Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Global: Network Function Virtualization (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Global: Network Function Virtualization (Other End Users) Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Global: Network Function Virtualization (Other End Users) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: North America: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: North America: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: United States: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: United States: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Canada: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Canada: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Asia Pacific: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Asia Pacific: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: China: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: China: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Japan: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Japan: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: India: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: India: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: South Korea: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: South Korea: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Australia: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Australia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Indonesia: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Indonesia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Europe: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Europe: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Germany: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Germany: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: France: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: France: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: United Kingdom: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: United Kingdom: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Italy: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Italy: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Spain: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Spain: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Russia: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Russia: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Latin America: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Latin America: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Brazil: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Brazil: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Mexico: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Mexico: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Others: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Others: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Middle East and Africa: Network Function Virtualization Market: Sales Value (in Million US$), 2014 & 2019
Figure 91: Middle East and Africa: Network Function Virtualization Market Forecast: Sales Value (in Million US$), 2020-2025
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, 2019 and 2025
Table 2: Global: Network Function Virtualization Market Forecast: Breakup by Offering (in Million US$), 2020-2025
Table 3: Global: Network Function Virtualization Market Forecast: Breakup by Deployment Mode (in Million US$), 2020-2025
Table 4: Global: Network Function Virtualization Market Forecast: Breakup by Enterprise Size (in Million US$), 2020-2025
Table 5: Global: Network Function Virtualization Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Network Function Virtualization Market Forecast: Breakup by End User (in Million US$), 2020-2025
Table 7: Global: Network Function Virtualization Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Network Function Virtualization Market Structure
Table 9: Global: Network Function Virtualization Market: Key Players