Network Function Virtualization (NFV) Market

Network Function Virtualization (NFV) Market (Component: Solutions and Services; and End-user: Service Providers, Data Centers, and Enterprises) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Network Function Virtualization (NFV) Market Outlook 2031

  • The global industry was valued at US$ 12.2 Bn in 2022
  • It is estimated to grow at a CAGR of 39.7% from 2023 to 2031 and reach US$ 241.5 Bn by the end of 2031

Analysts’ Viewpoint

The NFV market has been growing at a steady pace for the last few years, driven by the need for flexible, agile, and cost-effective networking solutions. Increase in demand for cloud-based services, the need for network automation and orchestration, and the growing adoption of software-defined networking (SDN) and network virtualization (NV) are instrumental in boosting the network function virtualization (NFV) market size.

NFV supports organizations in improving operational efficiency and lowering their capital and operational expenditures, as it enables network operators to rapidly deploy and scale network functions. Additionally, NFV provides a flexible and scalable platform to deliver network services in the cloud, thereby enabling organizations to rapidly and easily deploy and manage their network functions in a cloud-based environment.

In addition, network operators have been adopting SDN and NV to dynamically control network traffic flows and optimize network performance, which is complemented by NFV solutions as it provides a flexible and scalable platform for deploying network functions in a virtualized environment.

The need for network operators to achieve greater efficiency, flexibility, and agility in their network deployments to effectively harness 5G network rollout, open source technologies, edge computing, and multi-cloud environments is likely to have a positive impact on the NFV market growth.

Network Function Virtualization Nfv Market

Market Introduction

Network function virtualization (NFV) is an approach to network design and architecture that involves the virtualization of network functions, which traditionally run on dedicated hardware devices. Network functions virtualization (NFV) architecture aims to replace specialized network hardware devices such as routers, switches, firewalls, and load balancers with software-based network functions that can be run on virtualized hardware or virtual machines, such as servers, storage devices, or even cloud platforms.

Network function virtualization infrastructure enables network operators to virtualize network functions and services that reduce the need for dedicated hardware and enable greater flexibility and scalability. Instead of deploying dedicated network appliances, NFV enables network functions to be run as software on commodity hardware, using virtualization technologies to create virtual network functions (VNFs). These VNFs can be easily deployed, scaled, and managed in response to changing network demands.

Proliferation of data-intensive applications, such as video streaming and online gaming, has driven the need for high-performance networks that can handle large amounts of traffic. NFV enables network operators to deploy network functions and services rapidly and efficiently, which helps them to cater to the growing demand for network capacity.

Increase in Need to Reduce CAPEX and OPEX Fueling Global Network Function Virtualization (NFV) Market Growth

Traditional network infrastructure requires dedicated and specialized hardware appliances to perform various network functions such as routing, firewall, load balancing, and others. These appliances are typically expensive to purchase, maintain, and upgrade. Additionally, each appliance is designed to handle a specific function, which leads to increased hardware complexity, space and power requirements, and higher costs associated with managing and maintaining them.

NFV separates the software from the underlying hardware, allowing network functions to be hosted on standard servers or virtual machines. This eliminates the need for expensive, dedicated hardware and reduces the upfront capital expenditure required to deploy network functions. Additionally, it allows network operators to use off-the-shelf hardware, thereby further reducing the cost of the hardware.

NFV enables multiple virtual network functions to share the same physical hardware, which leads to better hardware utilization and reduced power consumption. This helps organizations save on infrastructure costs and increase resource efficiency, leading to lower operational expenses.

Moreover, NFV allows for more efficient network management, as it enables network operators to rapidly and easily deploy, scale, and manage network functions. This reduces the time and effort required to maintain the network, leading to reduced labor costs and better resource utilization.

NFV enables greater automation of network management tasks, such as network configuration, monitoring, and troubleshooting. This automation reduces the need for manual intervention, resulting in fewer errors and increased efficiency. Furthermore, network automation helps reduce labor costs associated with network management. NFV can help network operators to quickly add or remove network functions in order to meet changing network demands, without requiring extensive hardware upgrades or changes.

All these factors are expected to positively impact the global NFV market during the forecast period.

Advent of 5G Technology to Fuel Network Function Virtualization (NFV) Market Development

According to the 5G-Market Snapshot February 2023 report published by GSA (Global Mobile Suppliers Association), 245 operators launched 5G mobile services in 95 countries till January 2023. Furthermore, 519 operators from 156 countries are also investing in 5G technologies. The investment includes license acquisition, network deployment, and launch of services.

Network operators need to deploy and manage a wide range of network functions and services to deliver 5G services. These functions and services are required to provide the necessary reliability, low latency, and high speeds. However, deploying and managing these network functions and services is complex and expensive because they require specialized hardware and software, as well as significant manual configuration and management.

Increase in complexity of 5G networks presents significant challenges for network operators, including the need to manage and deploy a wide range of network functions and services. Operators simplify their network architecture by virtualizing network functions, as it reduces the number of physical devices they need to manage. This is because NFV enables operators to create virtualized network functions that can be deployed and managed on standardized hardware, rather than relying on specialized hardware for each function. This helps reduce the overall complexity of the network, making it easier to manage and troubleshoot.

NFV improves the automation of network operations by making it easier and faster to deploy network functions, enabling dynamic scaling, facilitating efficient resource allocation, supporting centralized management and orchestration, and facilitating testing and validation. Network operators can improve the overall efficiency of their networks, reduce the risk of human error, and enhance the overall quality of service by automating network operations.

Consequently, the demand for NFV is expected to increase significantly during the forecast period due to increase in deployment of 5G technology.

Regional Outlook

According to the latest network function virtualization (NFV) market forecast report, North America is anticipated to hold largest share of the global industry during the forecast period. As per the latest network function virtualization (NFV) market regional insights analysis, North America dominated the global market in 2022.

Lucrative presence of major telecom operators, such as Verizon, AT&T, and T-Mobile, along with rise in demand for new services and applications, such as 5G, IoT, and edge computing is boosting NFV market growth in the region. North America is also home to various leading technology companies that are actively developing NFV solutions, including Cisco Systems, Inc., VMware, Inc., and Red Hat, Inc. These companies have been working closely with network operators to develop and deploy NFV solutions that meet their specific needs.

The NFV market growth in Asia Pacific is expected to expand at a notable CAGR during the forecast period. Some of the largest mobile and broadband markets in the world are present in Asia Pacific. Network operators are looking to NFV as a means to deliver new services and applications to their customers, while also reducing costs and improving network efficiency. The availability of low-cost hardware and cloud infrastructure is making NFV more accessible to businesses of all sizes. Therefore, the network function virtualization (NFV) market size in Asia Pacific is anticipated to increase in the near future.

Analysis of Network Function Virtualization (NFV) Market Players

The network function virtualization market research report profiles major service providers based on parameters such as financials, key product offerings, recent developments, and strategies. Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., VMware, Inc., Ciena Corporation, Red Hat, Inc., Nutanix, Inc., Huawei Technologies Co., Ltd., Nokia Corporation, Hewlett Packard Enterprise Development LP, Ribbon Communications Operating Company, Inc., Fujitsu Limited, Juniper Networks, Inc., Affirmed Networks, and ZTE Corporation are the key companies in network function virtualization (NFV) industry.

Service providers in the global network function virtualization (NFV) market are investing in research and development activities to introduce advanced NFV solutions that can meet the growing demand for high-speed internet connectivity. These service providers are following the latest network function virtualization (NFV) market trends to gain new opportunities.

Key Developments

  • In March 2023, H3C Technologies Co., Ltd., a digital solutions provider, announced a partnership with Fortesys Sdn Bhd, a digital networking solutions provider from Malaysia. The partnership enables Fortesys to distribute H3C's products including Application-Driven (AD) Campus, hyper-converged infrastructure (HCI), and virtual desktop infrastructure (VDI) solutions in Malaysia. AD-Campus is a campus network solution comprising SDN and NFV to provide security, traffic management, and analytics.

Market Snapshot

Attribute

Detail

Market Size Value in 2022

US$ 12.2 Bn

Market Forecast Value in 2031

US$ 241.5 Bn

Growth Rate (CAGR)

39.7%

Forecast Period

2023–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Bn for Value

Market Analysis

Includes cross-segment analysis at global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Component
    • Solutions
    • Services
  • End-user
    • Service Providers
    • Data Centers
    • Enterprises
      • BFSI
      • Healthcare
      • Retail
      • Manufacturing
      • Government
      • Others

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • China
  • India
  • Japan
  • ASEAN
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Brazil
  • Argentina

Companies Profiled

  • Telefonaktiebolaget LM Ericsson
  • Cisco Systems, Inc.
  • VMware, Inc.
  • Ciena Corporation
  • Red Hat, Inc.
  • Nutanix, Inc.
  • Huawei Technologies Co., Ltd.
  • Nokia Corporation
  • Hewlett Packard Enterprise Development LP
  • Ribbon Communications Operating Company, Inc.
  • Fujitsu Limited
  • Juniper Networks, Inc.
  • Affirmed Networks
  • ZTE Corporation

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global network function virtualization (NFV) market in 2022?

The global market was valued at US$ 12.2 Bn in 2022

How is the business expected to grow by 2031?

It is anticipated to reach US$ 241.5 Bn by the end of 2031

What would be the CAGR during the forecast period?

The CAGR is estimated to be 39.7% from 2023 to 2031

What are the key driving factors?

Increase in need for reducing CAPEX and OPEX and rise in demand for enhanced scalability and agility in network solutions

Which region accounted for largest share in 2022?

North America accounted for largest share in 2022

Who are the key vendors operating in the industry?

Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., VMware, Inc., Ciena Corporation, Red Hat, Inc., Nutanix, Inc., Huawei Technologies Co., Ltd., Nokia Corporation, Hewlett Packard Enterprise Development LP, Ribbon Communications Operating Company, Inc., Fujitsu Limited, Juniper Networks, Inc., Affirmed Networks, and ZTE Corporation

1. Preface

    1.1. Market Introduction

    1.2. Market Segmentation

    1.3. Key Research Objectives

2. Assumptions and Research Methodology

    2.1. Research Methodology

        2.1.1. List of Primary and Secondary Sources

    2.2. Key Assumptions for Data Modelling

3. Executive Summary: Global Network Function Virtualization (NFV) Market

4. Market Overview

    4.1. Market Definition

    4.2. Technology/ Product Roadmap

    4.3. Market Factor Analysis

        4.3.1. Forecast Factors

        4.3.2. Ecosystem/ Value Chain Analysis

        4.3.3. Market Dynamics (Growth Influencers)

            4.3.3.1. Drivers

            4.3.3.2. Restraints

            4.3.3.3. Opportunities

            4.3.3.4. Impact Analysis of Drivers and Restraints

    4.4. COVID-19 Impact Analysis

        4.4.1. Impact of COVID-19 on Network Function Virtualization (NFV) Market

    4.5. Market Opportunity Assessment – by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)

        4.5.1. By Component

        4.5.2. By End-user

5. Global Network Function Virtualization (NFV) Market Analysis and Forecast

    5.1. Market Revenue Analysis (US$ Mn), 2017-2031

        5.1.1. Historic Growth Trends, 2017-2022

        5.1.2. Forecast Trends, 2023-2031

6. Global Network Function Virtualization (NFV) Market Analysis, by Component

    6.1. Overview and Definitions

    6.2. Key Segment Analysis

    6.3. Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, by Component, 2018 - 2031

        6.3.1. Solutions

        6.3.2. Services

7. Global Network Function Virtualization (NFV) Market Analysis, by End-user

    7.1. Overview and Definitions

    7.2. Key Segment Analysis

    7.3. Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, by End-user, 2018 - 2031

        7.3.1. Service Providers

        7.3.2. Data Centers

        7.3.3. Enterprises

            7.3.3.1. BFSI

            7.3.3.2. Healthcare

            7.3.3.3. Retail

            7.3.3.4. Manufacturing

            7.3.3.5. Government

            7.3.3.6. Others

8. Global Network Function Virtualization (NFV) Market Analysis and Forecasts, by Region

    8.1. Key Findings

    8.2. Market Size (US$ Mn) Forecast by Region, 2018-2031

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Middle East & Africa

        8.2.5. South America

9. North America Network Function Virtualization (NFV) Market Analysis and Forecast

    9.1. Regional Outlook

    9.2. Network Function Virtualization (NFV) Market Size (US$ Mn) Analysis and Forecast, 2018 - 2031

        9.2.1. By Component

        9.2.2. By End-user

    9.3. Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, by Country, 2018 - 2031

        9.3.1. U.S.

        9.3.2. Canada

        9.3.3. Mexico

10. Europe Network Function Virtualization (NFV) Market Analysis and Forecast

    10.1. Regional Outlook

    10.2. Network Function Virtualization (NFV) Market Size (US$ Mn) Analysis and Forecast, 2018 - 2031

        10.2.1. By Component

        10.2.2. By End-user

    10.3. Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, by Country, 2018 - 2031

        10.3.1. Germany

        10.3.2. UK

        10.3.3. France

        10.3.4. Italy

        10.3.5. Spain

        10.3.6. Rest of Europe

11. Asia Pacific Network Function Virtualization (NFV) Market Analysis and Forecast

    11.1. Regional Outlook

    11.2. Network Function Virtualization (NFV) Market Size (US$ Mn) Analysis and Forecast, 2018 - 2031

        11.2.1. By Component

        11.2.2. By End-user

    11.3. Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, by Country, 2018 - 2031

        11.3.1. China

        11.3.2. India

        11.3.3. Japan

        11.3.4. ASEAN

        11.3.5. Rest of Asia Pacific

12. Middle East & Africa Network Function Virtualization (NFV) Market Analysis and Forecast

    12.1. Regional Outlook

    12.2. Network Function Virtualization (NFV) Market Size (US$ Mn) Analysis and Forecast, 2018 - 2031

        12.2.1. By Component

        12.2.2. By End-user

    12.3. Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, by Country, 2018 - 2031

        12.3.1. Saudi Arabia

        12.3.2. The United Arab Emirates

        12.3.3. South Africa

        12.3.4. Rest of Middle East & Africa

13. South America Network Function Virtualization (NFV) Market Analysis and Forecast

    13.1. Regional Outlook

    13.2. Network Function Virtualization (NFV) Market Size (US$ Mn) Analysis and Forecast, 2018 - 2031

        13.2.1. By Component

        13.2.2. By End-user

    13.3. Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, by Country, 2018 - 2031

        13.3.1. Brazil

        13.3.2. Argentina

        13.3.3. Rest of South America

14. Competition Landscape

    14.1. Market Competition Matrix, by Leading Players

    14.2. Market Revenue Share Analysis (%), by Leading Players (2022)

    14.3. Competitive Scenario

        14.3.1. List of Emerging, Prominent and Leading Players

        14.3.2. Major Mergers & Acquisitions, Expansions, Partnership, Contacts, Deals, etc.

15. Company Profiles

    15.1. Telefonaktiebolaget LM Ericsson

        15.1.1. Business Overview

        15.1.2. Company Revenue

        15.1.3. Product Portfolio

        15.1.4. Geographic Footprint

        15.1.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.2. Cisco Systems, Inc.

        15.2.1. Business Overview

        15.2.2. Company Revenue

        15.2.3. Product Portfolio

        15.2.4. Geographic Footprint

        15.2.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.3. VMware, Inc.

        15.3.1. Business Overview

        15.3.2. Company Revenue

        15.3.3. Product Portfolio

        15.3.4. Geographic Footprint

        15.3.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.4. Ciena Corporation

        15.4.1. Business Overview

        15.4.2. Company Revenue

        15.4.3. Product Portfolio

        15.4.4. Geographic Footprint

        15.4.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.5. Red Hat, Inc.

        15.5.1. Business Overview

        15.5.2. Company Revenue

        15.5.3. Product Portfolio

        15.5.4. Geographic Footprint

        15.5.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.6. Nutanix, Inc.

        15.6.1. Business Overview

        15.6.2. Company Revenue

        15.6.3. Product Portfolio

        15.6.4. Geographic Footprint

        15.6.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.7. Huawei Technologies Co., Ltd.

        15.7.1. Business Overview

        15.7.2. Company Revenue

        15.7.3. Product Portfolio

        15.7.4. Geographic Footprint

        15.7.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.8. Nokia Corporation

        15.8.1. Business Overview

        15.8.2. Company Revenue

        15.8.3. Product Portfolio

        15.8.4. Geographic Footprint

        15.8.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.9. Hewlett Packard Enterprise Development LP

        15.9.1. Business Overview

        15.9.2. Company Revenue

        15.9.3. Product Portfolio

        15.9.4. Geographic Footprint

        15.9.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.10. Ribbon Communications Operating Company, Inc.

        15.10.1. Business Overview

        15.10.2. Company Revenue

        15.10.3. Product Portfolio

        15.10.4. Geographic Footprint

        15.10.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.11. Fujitsu Limited

        15.11.1. Business Overview

        15.11.2. Company Revenue

        15.11.3. Product Portfolio

        15.11.4. Geographic Footprint

        15.11.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.12. Juniper Networks, Inc.

        15.12.1. Business Overview

        15.12.2. Company Revenue

        15.12.3. Product Portfolio

        15.12.4. Geographic Footprint

        15.12.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.13. Affirmed Networks

        15.13.1. Business Overview

        15.13.2. Company Revenue

        15.13.3. Product Portfolio

        15.13.4. Geographic Footprint

        15.13.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.14. ZTE Corporation

        15.14.1. Business Overview

        15.14.2. Company Revenue

        15.14.3. Product Portfolio

        15.14.4. Geographic Footprint

        15.14.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

    15.15. Others

        15.15.1. Business Overview

        15.15.2. Company Revenue

        15.15.3. Product Portfolio

        15.15.4. Geographic Footprint

        15.15.5. Strategic Partnership, Merger & Acquisition, Business Expansion, New Product Launch, Innovation etc.

16. Key Takeaways

List of Tables

Table 1: Acronyms Used in Network Function Virtualization (NFV) Market

Table 2: North America Network Function Virtualization (NFV) Market Revenue Analysis, by Country, 2023 - 2031 (US$ Mn)

Table 3: Europe Network Function Virtualization (NFV) Market Revenue Analysis, by Country, 2023 - 2031 (US$ Mn)

Table 4: Asia Pacific Network Function Virtualization (NFV) Market Revenue Analysis, by Country, 2023 - 2031 (US$ Mn)

Table 5: Middle East & Africa Network Function Virtualization (NFV) Market Revenue Analysis, by Country, 2023 and 2031 (US$ Mn)

Table 6: South America Network Function Virtualization (NFV) Market Revenue Analysis, by Country, 2023 - 2031 (US$ Mn)

Table 7: Forecast Factors: Relevance and Impact (1/2)

Table 8: Forecast Factors: Relevance and Impact (2/2)

Table 9: Impact Analysis of Drivers & Restraints

Table 10: Global Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

Table 11: Global Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

Table 12: Global Network Function Virtualization (NFV) Market Volume (US$ Mn) Forecast, by Region, 2018 - 2031

Table 13: North America Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

Table 14: North America Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

Table 15: North America Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

Table 16: U.S. Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 17: Canada Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 18: Mexico Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 19: Europe Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

Table 20: Europe Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

Table 21: Europe Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

Table 22: Germany Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 23: U.K. Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 24: France Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 25: Italy Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 26: Spain Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 27: Asia Pacific Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

Table 28: Asia Pacific Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

Table 29: Asia Pacific Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

Table 30: China Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 31: India Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 32: Japan Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 33: ASEAN Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 34: Middle East & Africa Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

Table 35: Middle East & Africa Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

Table 36: Middle East & Africa Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

Table 37: Saudi Arabia Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 38: United Arab Emirates Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 39: South Africa Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 40: South America Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

Table 41: South America Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

Table 42: South America Network Function Virtualization (NFV) Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

Table 43: Brazil Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 44: Argentina Network Function Virtualization (NFV) Market Revenue CAGR Breakdown (%), by Growth Term

Table 45: Mergers & Acquisitions, Partnerships (1/2)

Table 46: Mergers & Acquisitions, Partnership (2/2)

List of Figures

Figure 1: Global Network Function Virtualization (NFV) Market Size (US$ Mn) Forecast, 2018–2031

Figure 2: Global Network Function Virtualization (NFV) Market Revenue (US$ Mn) Opportunity Assessment, by Region, 2023E

Figure 3: Top Segment Analysis of Network Function Virtualization (NFV) Market

Figure 4: Global Network Function Virtualization (NFV) Market Revenue (US$ Mn) Opportunity Assessment, by Region, 2031F

Figure 5: Global Network Function Virtualization (NFV) Market Attractiveness Assessment, by Component

Figure 6: Global Network Function Virtualization (NFV) Market Attractiveness Assessment, by End-user

Figure 7: Global Network Function Virtualization (NFV) Market Attractiveness Assessment, by Region

Figure 8: Global Network Function Virtualization (NFV) Market Revenue (US$ Mn) Historic Trends, 2017 – 2022

Figure 9: Global Network Function Virtualization (NFV) Market Revenue Opportunity (US$ Mn) Historic Trends, 2017 – 2022

Figure 10: Global Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2023

Figure 11: Global Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2031

Figure 12: Global Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Solutions, 2023 – 2031

Figure 13: Global Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Services, 2023 – 2031

Figure 14: Global Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2023

Figure 15: Global Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2031

Figure 16: Global Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Service Providers, 2023 – 2031

Figure 17: Global Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Data Centers, 2023 – 2031

Figure 18: Global Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Enterprises, 2023 – 2031

Figure 19: Global Network Function Virtualization (NFV) Market Opportunity (US$ Mn), by Region

Figure 20: Global Network Function Virtualization (NFV) Market Opportunity Share (%), by Region, 2023–2031

Figure 21: Global Network Function Virtualization (NFV) Market Size (US$ Mn), by Region, 2023 & 2031

Figure 22: Global Network Function Virtualization (NFV) Market Value Share Analysis, by Region, 2023

Figure 23: Global Network Function Virtualization (NFV) Market Value Share Analysis, by Region, 2031

Figure 24: North America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), 2023 – 2031

Figure 25: Europe Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), 2023 – 2031

Figure 26: Asia Pacific Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), 2023 – 2031

Figure 27: Middle East & Africa Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), 2023 – 2031

Figure 28: South America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), 2023 – 2031

Figure 29: North America Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Component

Figure 30: North America Network Function Virtualization (NFV) Market Revenue Opportunity Share, by End-user

Figure 31: North America Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Country

Figure 32: North America Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2023

Figure 33: North America Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2031

Figure 34: North America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Solutions, 2023 – 2031

Figure 35: North America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Services, 2023 – 2031

Figure 36: North America Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2023

Figure 37: North America Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2031

Figure 38: North America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Service Providers, 2023 – 2031

Figure 39: North America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Data Centers, 2023 – 2031

Figure 40: North America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Enterprises, 2023 – 2031

Figure 41: North America Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2023

Figure 42: North America Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2031

Figure 43: U.S. Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 44: Canada Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 45: Mexico Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 46: Europe Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Component

Figure 47: Europe Network Function Virtualization (NFV) Market Revenue Opportunity Share, by End-user

Figure 48: Europe Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Country

Figure 49: Europe Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2023

Figure 50: Europe Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2031

Figure 51: Europe Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Solutions, 2023 – 2031

Figure 52: Europe Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Services, 2023 – 2031

Figure 53: Europe Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2023

Figure 54: Europe Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2031

Figure 55: Europe Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Service Providers, 2023 – 2031

Figure 56: Europe Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Data Centers, 2023 – 2031

Figure 57: Europe Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Enterprises, 2023 – 2031

Figure 58: Europe Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2023

Figure 59: Europe Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2031

Figure 60: Germany Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 61: U.K. Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 62: France Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 63: Italy Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 64: Spain Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 65: Asia Pacific Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Component

Figure 66: Asia Pacific Network Function Virtualization (NFV) Market Revenue Opportunity Share, by End-user

Figure 67: Asia Pacific Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Country

Figure 68: Asia Pacific Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2023

Figure 69: Asia Pacific Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2031

Figure 70: Asia Pacific Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Solutions, 2023 – 2031

Figure 71: Asia Pacific Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Services, 2023 – 2031

Figure 72: Asia Pacific Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2023

Figure 73: Asia Pacific Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2031

Figure 74: Asia Pacific Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Service Providers, 2023 – 2031

Figure 75: Asia Pacific Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Data Centers, 2023 – 2031

Figure 76: Asia Pacific Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Enterprises, 2023 – 2031

Figure 77: Asia Pacific Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Country

Figure 78: China Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 79: India Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 80: Japan Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 81: ASEAN Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 82: Middle East & Africa Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Component

Figure 83: Middle East & Africa Network Function Virtualization (NFV) Market Revenue Opportunity Share, by End-user

Figure 84: Middle East & Africa Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Country

Figure 85: Middle East & Africa Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2023

Figure 86: Middle East & Africa Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2031

Figure 87: Middle East & Africa Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Solutions, 2023 – 2031

Figure 88: Middle East & Africa Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Services, 2023 – 2031

Figure 89: Middle East & Africa Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2023

Figure 90: Middle East & Africa Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2031

Figure 91: Middle East & Africa Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Service Providers, 2023 – 2031

Figure 92: Middle East & Africa Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Data Centers, 2023 – 2031

Figure 93: Middle East & Africa Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Enterprises, 2023 – 2031

Figure 94: Middle East & Africa East & Africa Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2023

Figure 95: Middle East & Africa Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2031

Figure 96: Saudi Arabia Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 97: United Arab Emirates Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 98: South Africa Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 99: South America Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Component

Figure 100: South America Network Function Virtualization (NFV) Market Revenue Opportunity Share, by End-user

Figure 101: South America Network Function Virtualization (NFV) Market Revenue Opportunity Share, by Country

Figure 102: South America Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2023

Figure 103: South America Network Function Virtualization (NFV) Market Value Share Analysis, by Component, 2031

Figure 104: South America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Solutions, 2023 – 2031

Figure 105: South America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Services, 2023 – 2031

Figure 106: South America Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2023

Figure 107: South America Network Function Virtualization (NFV) Market Value Share Analysis, by End-user, 2031

Figure 108: South America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Service Providers, 2023 – 2031

Figure 109: South America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Data Centers, 2023 – 2031

Figure 110: South America Network Function Virtualization (NFV) Market Absolute Opportunity (US$ Mn), by Enterprises, 2023 – 2031

Figure 111: South America Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2023

Figure 112: South America Network Function Virtualization (NFV) Market Value Share Analysis, by Country, 2031

Figure 113: Brazil Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

Figure 114: Argentina Network Function Virtualization (NFV) Market Opportunity Growth Analysis (US$ Mn) Forecast, 2023 – 2031

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