NFV Infrastructure Market – Global Trend and Outlook to 2028
The Network Functions Virtualization (NFV) infrastructure market refers to the industry involved in the development, deployment, and maintenance of virtualized network functions and related infrastructure. NFV is a technology that allows network functions such as firewalls, load balancers, and routers to be run as software on generic hardware instead of using specialized network devices. This enables greater flexibility, scalability, and cost-effectiveness in the deployment and management of network functions. The market includes various components such as virtualization software, hardware, and services, as well as network function virtualization management and orchestration (NFV MANO) software. The market is driven by increasing demand for software-defined networking (SDN) and NFV solutions to improve network agility, reduce operational costs, and enhance network performance.
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The global NFV infrastructure market is expected to grow at a compound annual growth rate (CAGR) of around 20% from 2021 to 2026. The market is driven by increasing demand for network automation, virtualization, and cloud computing, as well as the need for scalable and flexible network solutions.
The NFV infrastructure market can be segmented by component, deployment model, and end-use industry. The components include hardware, software, and services. The deployment models include on-premise, cloud-based, and hybrid. The end-use industries include telecommunication service providers, cloud service providers, and enterprises.
Telecommunication service providers are expected to be the largest end-use industry for NFV infrastructure due to the increasing demand for network virtualization and automation to improve operational efficiency and reduce costs. Cloud service providers are also expected to drive market growth as they adopt NFV infrastructure to provide more flexible and scalable network solutions to their customers.
Key players in the NFV infrastructure market include Cisco Systems, Hewlett Packard Enterprise, Huawei Technologies, Ericsson, and Nokia. These companies are focusing on research and development to improve the performance and scalability of their NFV solutions, as well as expanding their product portfolios to meet the growing demand for network virtualization and automation.
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