Network Function Virtualization (NFV) Market: 32.88% CAGR to 2020
PUNE, India, October 31, 2016 /PRNewswire/ --
The global network function virtualization market analysts say OSS refers to specialized software through which a telecom network supports various components within the system such as network operations, service management, and provisioning services whereas BSS refers to software that handles tasks such as customer support processes, billing services, order management, and fraud management. These systems support in streamlining operations and implementing service fulfilment.
Complete report on network function virtualization market spread across 77 pages, analyzing 8 major companies and providing 37 data exhibits now available at http://www.reportsnreports.com/reports/729192-global-network-function-virtualization-market-2016-2020.html.
The analysts forecast global network function virtualization market to grow at a CAGR of 32.88% during the period 2016-2020. According to the network function virtualization market report, SDN is an evolving network architecture in which the network control and the forwarding plane are decoupled and can be programmed directly. This transfer of control from specific network devices to manageable computing devices simplifies the management of network infrastructure in an enterprise environment. SDN provides control to enterprise business operations through a single logical point, simplifying network design and operation.
The Americas accounted for majority of the network function virtualization market shares and will continue to lead the market during the forecast period. The region is witnessing a significant move from proof of concepts to commercial deployment of NFV by the telecom operators, which will drive the network function virtualization market growth. Leading telecom operators such as AT&T, Telefónica, Verizon, and CenturyLink are deploying NFV and SDN technologies in areas that can yield higher ROI. The migration to 5G will drive the requirement of deploying NFV and SDN.
The software segment was the major revenue contributing segment in network function virtualization market. The increase in deployment of virtualized software among enterprise data centers such as cloud service providers (CSPs) and internet service providers (ISPs) will result in the growth of the market. Adoption of NFV eliminates the use of hardware appliance by replacing the latter with virtual software. The software that is included in NFV architecture is NFVI and virtual infrastructure manager (VIM) software. The deployment of this virtualized software will grow among enterprise data centres such as cloud service providers (CSPs) and internet service providers (ISPs).
The following companies are the key players in the global network function virtualization market: Brocade Communication Systems, Cisco, Ericsson, Juniper Networks, Hewlett-Packard Enterprise, Huawei Technologies, Nokia, and VMware Other prominent vendors in the market are: 6WIND, A10 Networks, Affirmed Networks, Allot Communications, Amdocs, ASTRI, Broadcom, Canonical's Ubuntu, Ciena (Blue Planet), Citrix, Dell, F5 Networks, Fortinet, Fujitsu, GENBAND, Intel, IP Infusion, Ixia, Metaswitch Networks, Mirantis, NEC and Netcracker, NFWare, OneAccess Networks, Oracle, PacketLogic, Palo Alto Networks, PLUMgrid, Quali Systems, Radware. Red Hat, Sonus Networks, Telco Systems, Trend Micro, VeloCloud, Wind River, and ZTE. Order a copy of Global Network Function Virtualization Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=729192.
Global Network Function Virtualization Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue obtained from components such as NFV virtualization software and NFV IT infrastructure and services.
Another related report is Global Software-Defined Networking Market 2016-2020, growing demand for advanced services will be one of the key drivers spurring market growth. Enterprises worldwide are expanding their business reach to gain competitive advantages in the market. The increase in business activities requires organizations to deploy infrastructure services at a rapid pace. Browse complete report @ http://www.reportsnreports.com/reports/641542-global-software-defined-networking-market-2016-2020.html.
Explore other new reports on IT & Telecommunication Market @ http://www.reportsnreports.com/market-research/information-technology/.
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