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Network Function Virtualization (NFV) Market

Release date:

Oct-2020

Region:

global

Research Code:MRICT - 104406

Sku:MRICT - 104406

Network Function Virtualization (NFV) Market by Component (Orchestration, Professional Services), Virtualized Network Function, Application (Virtual Appliances, Core Network), End User (Enterprises, Service Providers, Data Centers) - Global Forecast to 2027

  • Report ID: MRICT - 104406
  • Pages: 176
  • Oct-2020
  • Formats*: PDF
  • Category: Information and Communications Technology
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The Network Function Virtualization (NFV) Market is expected to reach $122 billion by 2027, at a CAGR of 34.9% during the forecast period of 2020 to 2027. Growing number of network complexities and ever-increasing demand for cloud-based services, deployment of IoT, security agility, cloud migration; increasing demand for network virtualization and automation; and need for advanced network management system are some of the key factors driving the growth of the network function virtualization market. However, the factors such as growing network security risk in NFV and degrading economic conditions due to the global pandemic of COVID-19 have thrown some serious challenges to the growth of the network function virtualization market.

Impact of COVID-19 on the Network Function Virtualization Market

The COVID-19 pandemic has adversely hit many economies around the globe. The combat measures such as lockdowns, social distancing, and quarantines to fight COVID-19 have put strong adverse impact on many industries across the globe including IT & telecommunication sector. With several employees working from home and students learning virtually, enterprise virtual private network (VPN) servers have now become a lifeline to organizations /schools. According to UNESCO, 850 million students are now learning and attending classes from home while hundreds of millions of workers have suddenly switched to remote working, creating an enormous change in communications network usage. Network traffic in Europe has increased by approximately 50%, as much of the population is confined to their homes.

The impact of COVID-19 outbreak on the global network function virtualization market has been started in early 2020 in China, one of the world's largest producers and consumers for endpoint devices including smartphones, computers, and tablets. The closing of production plants for few months in China, and restrictions on export and import of the endpoint devices to and from the China’s restricted area affected supply chain and has strongly impacted the production, sales, and operation of this industry. Besides, in March 2020, 3GPP, the global association developing the 5G technology, announced a three-month delay in the timeline for the completion of 5G specifications due to COVID 19. Delay in releases will result in the slowdown of the commercial development of NFV devices and 5G deployments. The COVID-19 pandemic has thrown the global economic activities into an unprecedented spiral. Therefore, supply chain disruptions and delay in the release of 5G specifications is projected to adversely affect the global network function virtualization market and thereby the market revenue in 2020 and 2021. However, several businesses are exerting extensively in order to bring NFV market back on track. Moreover, local governments are also undertaking several relief steps to mitigate the negative impact of COVID-19. As a result, the network security virtualization market is expected to slowly regain its original track beyond 2024.

Network Function Virtualization Market

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Rising demand for network virtualization and automation fuels the growth of the network function virtualization market

The exponential increase in the complexity & size of network infrastructures in the last decade has created a need for virtualization solutions to simplify and efficiently manage the entire network. Network function virtualization solutions cater directly to these issues by providing more flexibility in terms of traffic management for operators to improve the network efficiency. Network virtualization is the new standard for networking and is adopted by businesses of all sizes around the world. Virtualization allows businesses to reduce operating costs, consolidating their existing network hardware into single virtual network, and automate network and security protocol. In addition, automation improve network availability and relieved network operation teams from time consuming daily tasks. For instance, 25% of IT leaders believe automation will have the biggest impact on networking over the next five years. Hence, the rising demand for network virtualization and automation is driving the growth of the global network function virtualization market.

Key Findings in the Global Network Function Virtualization Market Study: 

Solutions segment to dominate the global network function virtualization market in 2020

Based on component, the solution segment is estimated to account for the largest share of the overall network function virtualization market in 2020. The large share of this segment is mainly attributed to the growing demand for network virtualization software running on standard server platforms, increasing IT productivity, and simplification of data center management. Growing significance of proper network infrastructure in small and medium scale enterprises and demand for better and affordable software and hardware for NFV is helping the solution segment to dominate the market. However, the orchestration & automation segment is expected to emerge as the fastest-growing segment throughout the forecast period.

Core network to dominate the global market in 2020

Based on application, the core network segment is estimated to command the largest share of the overall network function virtualization market in 2020. The growing number of network complexities and increasing demand for network virtualization and automation is driving the growth of this segment. Core network primarily includes various networking operations, such as traffic monitoring security, traffic forwarding, domain name services, and intrusion detection system. These operations broadly carried over virtual evolved packet core over the edge. This has extensively affected the organizations to streamline their network complexities, and thus the core segment will dominate the forecast period as well. Owing to the benefits offered by core network segment, several NFV solution providers are considerably investing in the R&D to make it better and more affordable even for small and medium scale enterprises, thereby supporting the rapid growth of the segment over the coming years.

Network segment to dominate the network function virtualization (NFV) market in 2020

Based on virtualized network function, the network segment is estimated to account for the largest share of the overall network function virtualization market in 2020. The growing demand for wireless services and mobility and increased mobile broadband speeds are driving the growth of this segment. Besides, rapid investments for the commercialization of 5G networks and growing adoption of disruptive technologies such as IoT and AI will increase the significance of network function and hence, this segment is also expected to grow with the fastest growth rate throughout the forecast period.

Asia-Pacific: The fastest growing regional market

The North America is estimated to command the largest share of the overall network function virtualization market in 2020, followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific region is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by the increasing adoption of technologies, such as cloud computing, software defined everything (SDx), and IoT. Besides, the factors such as rapid proliferation of 4G in developing countries of APAC, increasing subscriber base, favorable government policies and regulations, and demand for higher amount of data storage and security are expected to help the region to grow with considerable pace over the coming years.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the network function virtualization industry over the last four years. The key players profiled in the global network function virtualization market are Cisco Systems Inc. (U.S.), Juniper Networks, Inc. (U.S.), Affirmed Networks (U.S.), Ribbon Communication, Inc. (U.S.), Fujitsu, Ltd. (Japan), Huawei Technologies Co., Ltd (China), VMware, Inc. (U.S.), Nokia Corporation (Finland), Ericsson AB (U.S.), Ciena Corporation (U.S.), Hewlett Packard Enterprises (U.S.), ZTE Corporation (U.S.), Radisys (U.S.), Dell EMC (U.S.), and Wind River Systems, Inc. (U.S.).

Scope of the report

Network Function Virtualization Market by Component                                    

  • Solutions
    • Hardware
    • Software
  • Orchestration & Automation
  • Professional Services

Network Function Virtualization Market by Virtualized Network Function 

  • Storage
  • Compute
  • Network

Network Function Virtualization Market by Application                    

  • Virtual Appliances
  • Core Network
    • Mobile Edge Computing
    • Virtualized Radio Access Network
    • Virtualized Evolved Packet Core
    • Virtual Internet Protocol Multimedia Subsystem

Network Function Virtualization Market by End-user                         

  • Enterprises
    • BFSI
    • Healthcare
    • Media & Entertainment
    • Others
  • Service Providers
  • Data Centers

Network Function Virtualization Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

What is the revenue generated from sale of network function virtualization products and services across the globe? At what rate their demand is expected to grow for the next 5-7 years?

The global network function virtualization market is projected to reach $122 billion by 2027, at a CAGR of 34.9% during the forecast period.

Which virtualized network function type segment showcases high growth opportunities for the market players?

Based on virtualized network function, the network segment is estimated to command the largest share of the overall network function virtualization market in 2020, owing to the growing demand for wireless services and mobility. Moreover, this segment is also expected to grow with the fastest CAGR during the forecast period.

Which end user segments of the market are projected to create more traction in the global network function virtualization market?

The data centers segment is expected to grow at the fastest CAGR during the forecast period, mainly due to the reduced enterprise operational costs and enhanced business agility, demand for unified and centralized management of data centers, and increase in data center complexities.

What are the key factors driving the growth of the network function virtualization market? What are the major opportunities for existing market players and new entrants in the market?

Rising demand for network virtualization and automation, increased emergence of cloud services, data center consolidation and server virtualization, and need for an enhanced network management system to handle the growing network traffic and complexities are some of the major factors driving the growth of the network function virtualization market. Moreover, the increasing demand for private cloud solutions and services provide significant growth opportunities to the market players.

Who are the major players operating in the global network function virtualization market?

Some of the key players operating in the global network function virtualization market are Cisco Systems Inc. (U.S.), Juniper Networks, Inc. (U.S.), Affirmed Networks (U.S.), Ribbon Communication, Inc. (U.S.), Fujitsu, Ltd. (Japan), Huawei Technologies Co., Ltd (China), VMware, Inc. (U.S.), Nokia Corporation (Finland), Ericsson AB (U.S.), Ciena Corporation (U.S.), Hewlett Packard Enterprises (U.S.), ZTE Corporation (U.S.), Radisys (U.S.), Dell EMC (U.S.), and Wind River Systems, Inc. (U.S.).

Which regions/countries expected to witness significant demand for network function virtualization products and services in the coming years?

At present, North America is estimated to dominate the global NFV market. However, countries such as China, India, Germany, and the U.K. are expected to witness a strong growth in demand for network function virtualization products and services

1    Introduction        
      1.1.    Market Definition        
      1.2.    Market Ecosystem        
      1.3.    Currency and Limitations        
                1.3.1.    Currency        
                1.3.2.    Limitations        
      1.4.    Key Stakeholders        

2    Research Methodology        
      2.1.    Research Process        
      2.2.    Data Collection & Validation        
                2.2.1.    Secondary Research        
                2.2.2.    Primary Research        
      2.3.    Market Assessment        
                2.3.1.    Market size Estimation        
                2.3.2.    Bottom Up Approach        
                2.3.3.    Top Down Approach        
                2.3.4.    Growth Forecast        
                2.3.5.    Assumption for The Study        

3    Executive Summary        
      3.1.    Market Analysis, by Component        
      3.2.    Market Analysis, by Function        
      3.3.    Market Analysis, by Application        
      3.4.    Market Analysis, by End User        
      3.5.    Market Analysis, by Geography        
      3.6.    Competitive Analysis        

4    Market Insights        
      4.1.    Introduction        
      4.2.    Market Dynamics        
      4.3.    Drivers        
                4.3.1.    Rising Demand for Network Virtualization for Automation    
                4.3.2.    Growing Adoption of Cloud Services, Data Center Consolidation, And Server Virtualization
                4.3.3.    Emergence of Edge Computing        
      4.4.    Restraint        
                4.4.1.    Security Risks Associated with The Network Function Virtualization Infrastructure        
      4.5.    Opportunities        
                4.5.1.    Growing Investments in 5Gg Technology
                4.5.2.    Rising Adoption of IoT Technology    
                4.5.3.    Growing Demand for Private Cloud Solutions and Services    
      4.6.    Challenges        
                4.6.1.    Misconception and Lack of Knowledge About Network Function Virtualization Solutions        
                4.6.2.    Reliability Concerns with Network Function Virtualization Solutions        
                4.6.3.    Lack of Skilled Workforce        
      4.7.    Trend        
                4.7.1.    Integration of Edge Computing into Network Function Virtualization        
      4.8.    Impact of Covid-19 Pandemic on the Network Function Virtualization Market        

5    Network Function Virtualization Market, by Component
      5.1.    Introduction        
      5.2.    Solution        
                5.2.1.    Software        
                5.2.2.    Hardware        
      5.3.    Professional Services        
      5.4.    Orchestration & Automation    
    
6    Network Function Virtualization Market, by Function
      6.1.    Introduction        
      6.2.    Network        
      6.3.    Compute        
      6.4.    Storage        

7    Network Function Virtualization Market, by Application
      7.1.    Introduction        
      7.2.    Virtual Appliances        
      7.3.    Core Network        
                7.3.1.    Virtualized Evolved Packet Core
                7.3.2.    Virtualized Radio Access Network    
                7.3.3.    Virtual Internet Protocol Multimedia Subsystem            
                7.3.4.    Mobile Edge Computing        

8    Network Function Virtualization Market, by End User
      8.1.    Introduction        
      8.2.    Enterprises        
                8.2.1.    BFSI        
                8.2.2.    Media & Entertainment        
                8.2.3.    Healthcare        
                8.2.4.    Others        
      8.3.    Data Center        
      8.4.    Service Providers        

9    Network Function Virtualization Market, by Geography        
      9.1.    Introduction        
      9.2.    North America        
                9.2.1.    U.S.        
                9.2.2.    Canada        
      9.3.    Europe        
                9.3.1.    U.K.        
                9.3.2.    Germany        
                9.3.3.    France        
                9.3.4.    Italy        
                9.3.5.    Spain        
                9.3.6.    Rest of Europe        
      9.4.    Asia Pacific        
                9.4.1.    China        
                9.4.2.    Japan        
                9.4.3.    India        
                9.4.4.    Rest of APAC        
      9.5.    Latin America        
      9.6.    Middle East & Africa        

10    Competitive Landscape        
        10.1.    Introduction        
        10.2.    Key Growth Strategies        
        10.3.    Competitive Benchmarking        
        10.4.    Market Share Analysis (2019)            

11    Company Profile (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
        11.1.    Juniper Networks, Inc.
        11.2.    Ericsson        
        11.3.    Cisco Systems, Inc.        
        11.4.    Affirmed Networks        
        11.5.    Mavenir Systems, Inc.        
        11.6.    Ribbon Communications, Inc.        
        11.7.    Fujitsu, Ltd.        
        11.8.    Huawei Technologies Co., Ltd.        
        11.9.    Ciena Corporation        
        11.10.    Metaswitch Networks        
        11.11.    Hewlett Packard Enterprise        
        11.12.    Netscout Systems, Inc.        

12    Appendix        
        12.1.    Questionnaire        
        12.2.    Available Customization        

List of Tables

Table 1    Currency Conversion Rate into Usd, 2016-2019
Table 2    Impact Assessment of Covid-19 On Network Function Virtualization market ($Billion)        
Table 3    Global Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 4    Global Network Function Virtualization Solutions Market Size, by Type, 2018-2027 ($Million)    
Table 5    Global Network Function Virtualization Solution Market Size, by Country/Region, 2018-2027 ($Million)    
Table 6    Global Network Function Virtualization Software Market Size, by Country/Region, 2018-2027 ($Million)    
Table 7    Global Network Function Virtualization Hardware Market Size, by Country/Region, 2018-2027 ($Million)    
Table 8    Global Network Function Virtualization Professional Services Market Size, by Country/Region, 2018-2027 ($Million)
Table 9   Global Network Function Virtualization Orchestration & Automation Market Size, by Country/Region, 2018-2027 ($Million)        
Table 10 Global Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 11 Global Network Function Virtualization Market Size for Network Function, by Country, 2018-2027 ($Million)
Table 12 Global Network Function Virtualization Market Size for Compute Function, by Country, 2018-2027 ($Million)
Table 13 Global Network Function Virtualization Market Size for Storage Function, by Country/Region, 2018-2027 ($Million)    
Table 14   Global Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 15   Global Network Function Virtualization Market Size for Virtual Appliances, by Country/Region, 2018-2027 ($Million)
Table 16   Global Network Function Virtualization Market Size for Core Network, by Type, 2018-2027 ($Million)    
Table 17   Global Network Function Virtualization Market Size for Core Network, by Country/Region, 2018-2027 ($Million)    
Table 18   Global Network Function Virtualization Market Size, for Virtualized Evolved Packet Core, by Country/Region, 2018-2027 ($Million)        
Table 19   Global Network Function Virtualization Market Size for Virtualized Radio Access Network, by Country/Region, 2018-2027 ($Million)        
Table 20   Global Network Function Virtualization Market Size for Virtual Internet Protocol Multimedia Subsystems, by Country/Region, 2018-2027 ($Million)        
Table 21   Global Network Function Virtualization Market Size for Mobile Edge Computing, by Country/Region, 2018-2027 ($Million)        
Table 22   Global Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 23   Global Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 24   Global Network Function Virtualization Market Size for Enterprises, by Country/Region, 2018-2027 ($Million)    
Table 25   Global Network Function Virtualization Market Size for BFSI, by Country/Region, 2018-2027 ($Million)        
Table 26   Global Network Function Virtualization Market Size for Media & Entertainment, by Country/Region, 2018-2027 ($Million)        
Table 27   Global Network Function Virtualization Market Size for Healthcare, by Country/Region, 2018-2027 ($Million)
Table 28   Global Network Function Virtualization Market Size, for Other Verticals, by Country/Region, 2018-2027 ($Million)        
Table 29   Global Network Function Virtualization Market Size for Data Center, by Country/Region, 2018-2027 ($Million)    
Table 30   Global Network Function Virtualization Market Size for Service Providers, by Country, 2018-2027, ($Million)
Table 31   Global Network Function Virtualization Market Size, by Country/Region, 2018-2027 ($Million)    
Table 32   North America: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)    
Table 33   North America: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 34   North America: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 35   North America: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 36   North America: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 37   North America: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 38   North America: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 39   North America: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 40    U.S.: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 41    U.S.: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 42    U.S.: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 43    U.S.: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 44    U.S.: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 45    U.S.: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 46    U.S.: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 47    Canada: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 48    Canada: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 49    Canada: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 50    Canada: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 51    Canada: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 52    Canada: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 53    Canada: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 54    Europe: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)        
Table 55    Europe: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 56    Europe: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 57    Europe: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 58    Europe: Network Function Virtualization Market Size, by Application,     2018-2027 ($Million)    
Table 59    Europe: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 60    Europe: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)
Table 61    Europe: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 62    U.K.: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 63    U.K.: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 64    U.K.: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 65    U.K.: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 66    U.K.: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 67    U.K.: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 68    U.K.: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 69    Germany: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 70    Germany: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 71    Germany: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 72    Germany: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 73    Germany: Network Function Virtualization Core Network Market Size, by Type 2018-2027 ($Million)        
Table 74    Germany: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 75    Germany: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 76     France: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 77     France: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 78     France: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 79     France: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 80     France: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 81     France: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 82     France: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 83     Italy: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 84     Italy: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 85     Italy: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 86     Italy: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 87     Italy: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 88     Italy: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 89     Italy: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 90     Spain: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 91     Spain: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 92     Spain: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 93     Spain: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 94     Spain: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 95     Spain: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 96     Spain: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 97     Rest of Europe: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 98     Rest of Europe: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 99     Rest of Europe: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 100   Rest of Europe: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 101   Rest of Europe: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 102   Rest of Europe: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 103   Rest of Europe: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 104    Asia Pacific: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)    
Table 105    Asia-Pacific: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 106    Asia-Pacific: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 107    Asia-Pacific: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 108    Asia-Pacific: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 109    Asia-Pacific: Network Function Virtualization Core Network Market Size, by Type 2018-2027 ($Million)    
Table 110    Asia-Pacific: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 111    Asia-Pacific: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 112    China: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 113    China: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 114    China: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 115    China: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 116    China: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 117    China: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 118    China: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 119    Japan: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)
Table 120    Japan: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)
Table 121    Japan: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 122    Japan: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 123    Japan: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 124    Japan: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 125    Japan: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 126    India: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 127    India: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 128    India: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 129    India: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 130    India: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 131    India: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 132    India: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 133    Rest of APAC: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 134    Rest of APAC: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 135    Rest of APAC: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 136    Rest of APAC: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 137    Rest of APAC: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 138    Rest of APAC: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 139    Rest of APAC: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 140    Latin America: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 141    Latin America: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 142    Latin America: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 143    Latin America: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 144    Latin America: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 145    Latin America: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 146    Latin America: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 147    Middle East & Africa: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 148    Middle East & Africa: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)
Table 149    Middle East & Africa: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)
Table 150    Middle East & Africa: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)
Table 151   Middle East & Africa: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 152    Middle East & Africa: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)
Table 153    Middle East & Africa: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 154    Recent Developments, by Company, 2016-2020

List of Figures

Figure 1        Research Process
Figure 2        Key secondary Sources
Figure 3        Primary Research Techniques
Figure 4        Key Executives Interviewed
Figure 5        Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6        Market Sizing & Growth Forecast Approach
Figure 7        Key Insights
Figure 8        Solutions to Dominate the Global Network Function Virtualization Market, by Component (2020-2027)    
Figure 9        Network to Dominate the Global Network Function Virtualization Market, by Function (2020-2027)    
Figure 10      Meticulous Research Estimates: Core Networks. Virtual Appliances
Figure 11      Enterprises to Dominate the Global Network Function Virtualization Market, by End User (2020-2027)    
Figure 12      Network Function Virtualization Market, by Region
Figure 13      Global Network Function Virtualization Market Size, by Component, 2020-2027 ($Million)
Figure 14      Global Network Function Virtualization Market Size, by Function, 2020-2027 ($Million)
Figure 15      Global Network Function Virtualization Market Size, by Application, 2020-2027 ($Million)
Figure 16      Global Network Function Virtualization Market Size, by End User, 2020-2027 ($Million)
Figure 17      Global Network Function Virtualization Market Size, by Region, 2020-2027 ($Million)
Figure 18      North America: Network Function Virtualization Market Snapshot
Figure 19      Europe: Network Function Virtualization Market Snapshot
Figure 20      Asia Pacific: Network Function Virtualization Market Snapshot
Figure 21      Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 22      Network Function Virtualization: Competitive Benchmarking, by Product
Figure 23      Market Share Analysis: Network Function Virtualization, 2019
Figure 24      Juniper Network, Inc.: Financial Overview (2019)
Figure 25      Ericsson: Financial Overview (2019)
Figure 26     Cisco Systems, Inc.: Financial Overview (2019)
Figure 27     Ribbon Communications, Inc.: Financial Overview (2019)
Figure 28     Fujitsu, Ltd.: Financial Overview (2019)
Figure 29     Huawei Technologies Co., Ltd.: Financial Overview (2019)
Figure 30     Ciena Corporation: Financial Overview (2017-2019)
Figure 31     Hewlett-Packard Enterprises: Financial Overview (2017-2019)
Figure 32     Netscout Systems, Inc.: Financial Overview (2019)

 
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Related Research

The Network Function Virtualization (NFV) Market is expected to reach $122 billion by 2027, at a CAGR of 34.9% during the forecast period of 2020 to 2027. Growing number of network complexities and ever-increasing demand for cloud-based services, deployment of IoT, security agility, cloud migration; increasing demand for network virtualization and automation; and need for advanced network management system are some of the key factors driving the growth of the network function virtualization market. However, the factors such as growing network security risk in NFV and degrading economic conditions due to the global pandemic of COVID-19 have thrown some serious challenges to the growth of the network function virtualization market.

Impact of COVID-19 on the Network Function Virtualization Market

The COVID-19 pandemic has adversely hit many economies around the globe. The combat measures such as lockdowns, social distancing, and quarantines to fight COVID-19 have put strong adverse impact on many industries across the globe including IT & telecommunication sector. With several employees working from home and students learning virtually, enterprise virtual private network (VPN) servers have now become a lifeline to organizations /schools. According to UNESCO, 850 million students are now learning and attending classes from home while hundreds of millions of workers have suddenly switched to remote working, creating an enormous change in communications network usage. Network traffic in Europe has increased by approximately 50%, as much of the population is confined to their homes.

The impact of COVID-19 outbreak on the global network function virtualization market has been started in early 2020 in China, one of the world's largest producers and consumers for endpoint devices including smartphones, computers, and tablets. The closing of production plants for few months in China, and restrictions on export and import of the endpoint devices to and from the China’s restricted area affected supply chain and has strongly impacted the production, sales, and operation of this industry. Besides, in March 2020, 3GPP, the global association developing the 5G technology, announced a three-month delay in the timeline for the completion of 5G specifications due to COVID 19. Delay in releases will result in the slowdown of the commercial development of NFV devices and 5G deployments. The COVID-19 pandemic has thrown the global economic activities into an unprecedented spiral. Therefore, supply chain disruptions and delay in the release of 5G specifications is projected to adversely affect the global network function virtualization market and thereby the market revenue in 2020 and 2021. However, several businesses are exerting extensively in order to bring NFV market back on track. Moreover, local governments are also undertaking several relief steps to mitigate the negative impact of COVID-19. As a result, the network security virtualization market is expected to slowly regain its original track beyond 2024.

Network Function Virtualization Market

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Rising demand for network virtualization and automation fuels the growth of the network function virtualization market

The exponential increase in the complexity & size of network infrastructures in the last decade has created a need for virtualization solutions to simplify and efficiently manage the entire network. Network function virtualization solutions cater directly to these issues by providing more flexibility in terms of traffic management for operators to improve the network efficiency. Network virtualization is the new standard for networking and is adopted by businesses of all sizes around the world. Virtualization allows businesses to reduce operating costs, consolidating their existing network hardware into single virtual network, and automate network and security protocol. In addition, automation improve network availability and relieved network operation teams from time consuming daily tasks. For instance, 25% of IT leaders believe automation will have the biggest impact on networking over the next five years. Hence, the rising demand for network virtualization and automation is driving the growth of the global network function virtualization market.

Key Findings in the Global Network Function Virtualization Market Study: 

Solutions segment to dominate the global network function virtualization market in 2020

Based on component, the solution segment is estimated to account for the largest share of the overall network function virtualization market in 2020. The large share of this segment is mainly attributed to the growing demand for network virtualization software running on standard server platforms, increasing IT productivity, and simplification of data center management. Growing significance of proper network infrastructure in small and medium scale enterprises and demand for better and affordable software and hardware for NFV is helping the solution segment to dominate the market. However, the orchestration & automation segment is expected to emerge as the fastest-growing segment throughout the forecast period.

Core network to dominate the global market in 2020

Based on application, the core network segment is estimated to command the largest share of the overall network function virtualization market in 2020. The growing number of network complexities and increasing demand for network virtualization and automation is driving the growth of this segment. Core network primarily includes various networking operations, such as traffic monitoring security, traffic forwarding, domain name services, and intrusion detection system. These operations broadly carried over virtual evolved packet core over the edge. This has extensively affected the organizations to streamline their network complexities, and thus the core segment will dominate the forecast period as well. Owing to the benefits offered by core network segment, several NFV solution providers are considerably investing in the R&D to make it better and more affordable even for small and medium scale enterprises, thereby supporting the rapid growth of the segment over the coming years.

Network segment to dominate the network function virtualization (NFV) market in 2020

Based on virtualized network function, the network segment is estimated to account for the largest share of the overall network function virtualization market in 2020. The growing demand for wireless services and mobility and increased mobile broadband speeds are driving the growth of this segment. Besides, rapid investments for the commercialization of 5G networks and growing adoption of disruptive technologies such as IoT and AI will increase the significance of network function and hence, this segment is also expected to grow with the fastest growth rate throughout the forecast period.

Asia-Pacific: The fastest growing regional market

The North America is estimated to command the largest share of the overall network function virtualization market in 2020, followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific region is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by the increasing adoption of technologies, such as cloud computing, software defined everything (SDx), and IoT. Besides, the factors such as rapid proliferation of 4G in developing countries of APAC, increasing subscriber base, favorable government policies and regulations, and demand for higher amount of data storage and security are expected to help the region to grow with considerable pace over the coming years.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the network function virtualization industry over the last four years. The key players profiled in the global network function virtualization market are Cisco Systems Inc. (U.S.), Juniper Networks, Inc. (U.S.), Affirmed Networks (U.S.), Ribbon Communication, Inc. (U.S.), Fujitsu, Ltd. (Japan), Huawei Technologies Co., Ltd (China), VMware, Inc. (U.S.), Nokia Corporation (Finland), Ericsson AB (U.S.), Ciena Corporation (U.S.), Hewlett Packard Enterprises (U.S.), ZTE Corporation (U.S.), Radisys (U.S.), Dell EMC (U.S.), and Wind River Systems, Inc. (U.S.).

Scope of the report

Network Function Virtualization Market by Component                                    

  • Solutions
    • Hardware
    • Software
  • Orchestration & Automation
  • Professional Services

Network Function Virtualization Market by Virtualized Network Function 

  • Storage
  • Compute
  • Network

Network Function Virtualization Market by Application                    

  • Virtual Appliances
  • Core Network
    • Mobile Edge Computing
    • Virtualized Radio Access Network
    • Virtualized Evolved Packet Core
    • Virtual Internet Protocol Multimedia Subsystem

Network Function Virtualization Market by End-user                         

  • Enterprises
    • BFSI
    • Healthcare
    • Media & Entertainment
    • Others
  • Service Providers
  • Data Centers

Network Function Virtualization Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

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1    Introduction        
      1.1.    Market Definition        
      1.2.    Market Ecosystem        
      1.3.    Currency and Limitations        
                1.3.1.    Currency        
                1.3.2.    Limitations        
      1.4.    Key Stakeholders        

2    Research Methodology        
      2.1.    Research Process        
      2.2.    Data Collection & Validation        
                2.2.1.    Secondary Research        
                2.2.2.    Primary Research        
      2.3.    Market Assessment        
                2.3.1.    Market size Estimation        
                2.3.2.    Bottom Up Approach        
                2.3.3.    Top Down Approach        
                2.3.4.    Growth Forecast        
                2.3.5.    Assumption for The Study        

3    Executive Summary        
      3.1.    Market Analysis, by Component        
      3.2.    Market Analysis, by Function        
      3.3.    Market Analysis, by Application        
      3.4.    Market Analysis, by End User        
      3.5.    Market Analysis, by Geography        
      3.6.    Competitive Analysis        

4    Market Insights        
      4.1.    Introduction        
      4.2.    Market Dynamics        
      4.3.    Drivers        
                4.3.1.    Rising Demand for Network Virtualization for Automation    
                4.3.2.    Growing Adoption of Cloud Services, Data Center Consolidation, And Server Virtualization
                4.3.3.    Emergence of Edge Computing        
      4.4.    Restraint        
                4.4.1.    Security Risks Associated with The Network Function Virtualization Infrastructure        
      4.5.    Opportunities        
                4.5.1.    Growing Investments in 5Gg Technology
                4.5.2.    Rising Adoption of IoT Technology    
                4.5.3.    Growing Demand for Private Cloud Solutions and Services    
      4.6.    Challenges        
                4.6.1.    Misconception and Lack of Knowledge About Network Function Virtualization Solutions        
                4.6.2.    Reliability Concerns with Network Function Virtualization Solutions        
                4.6.3.    Lack of Skilled Workforce        
      4.7.    Trend        
                4.7.1.    Integration of Edge Computing into Network Function Virtualization        
      4.8.    Impact of Covid-19 Pandemic on the Network Function Virtualization Market        

5    Network Function Virtualization Market, by Component
      5.1.    Introduction        
      5.2.    Solution        
                5.2.1.    Software        
                5.2.2.    Hardware        
      5.3.    Professional Services        
      5.4.    Orchestration & Automation    
    
6    Network Function Virtualization Market, by Function
      6.1.    Introduction        
      6.2.    Network        
      6.3.    Compute        
      6.4.    Storage        

7    Network Function Virtualization Market, by Application
      7.1.    Introduction        
      7.2.    Virtual Appliances        
      7.3.    Core Network        
                7.3.1.    Virtualized Evolved Packet Core
                7.3.2.    Virtualized Radio Access Network    
                7.3.3.    Virtual Internet Protocol Multimedia Subsystem            
                7.3.4.    Mobile Edge Computing        

8    Network Function Virtualization Market, by End User
      8.1.    Introduction        
      8.2.    Enterprises        
                8.2.1.    BFSI        
                8.2.2.    Media & Entertainment        
                8.2.3.    Healthcare        
                8.2.4.    Others        
      8.3.    Data Center        
      8.4.    Service Providers        

9    Network Function Virtualization Market, by Geography        
      9.1.    Introduction        
      9.2.    North America        
                9.2.1.    U.S.        
                9.2.2.    Canada        
      9.3.    Europe        
                9.3.1.    U.K.        
                9.3.2.    Germany        
                9.3.3.    France        
                9.3.4.    Italy        
                9.3.5.    Spain        
                9.3.6.    Rest of Europe        
      9.4.    Asia Pacific        
                9.4.1.    China        
                9.4.2.    Japan        
                9.4.3.    India        
                9.4.4.    Rest of APAC        
      9.5.    Latin America        
      9.6.    Middle East & Africa        

10    Competitive Landscape        
        10.1.    Introduction        
        10.2.    Key Growth Strategies        
        10.3.    Competitive Benchmarking        
        10.4.    Market Share Analysis (2019)            

11    Company Profile (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
        11.1.    Juniper Networks, Inc.
        11.2.    Ericsson        
        11.3.    Cisco Systems, Inc.        
        11.4.    Affirmed Networks        
        11.5.    Mavenir Systems, Inc.        
        11.6.    Ribbon Communications, Inc.        
        11.7.    Fujitsu, Ltd.        
        11.8.    Huawei Technologies Co., Ltd.        
        11.9.    Ciena Corporation        
        11.10.    Metaswitch Networks        
        11.11.    Hewlett Packard Enterprise        
        11.12.    Netscout Systems, Inc.        

12    Appendix        
        12.1.    Questionnaire        
        12.2.    Available Customization        

List of Tables

Table 1    Currency Conversion Rate into Usd, 2016-2019
Table 2    Impact Assessment of Covid-19 On Network Function Virtualization market ($Billion)        
Table 3    Global Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 4    Global Network Function Virtualization Solutions Market Size, by Type, 2018-2027 ($Million)    
Table 5    Global Network Function Virtualization Solution Market Size, by Country/Region, 2018-2027 ($Million)    
Table 6    Global Network Function Virtualization Software Market Size, by Country/Region, 2018-2027 ($Million)    
Table 7    Global Network Function Virtualization Hardware Market Size, by Country/Region, 2018-2027 ($Million)    
Table 8    Global Network Function Virtualization Professional Services Market Size, by Country/Region, 2018-2027 ($Million)
Table 9   Global Network Function Virtualization Orchestration & Automation Market Size, by Country/Region, 2018-2027 ($Million)        
Table 10 Global Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 11 Global Network Function Virtualization Market Size for Network Function, by Country, 2018-2027 ($Million)
Table 12 Global Network Function Virtualization Market Size for Compute Function, by Country, 2018-2027 ($Million)
Table 13 Global Network Function Virtualization Market Size for Storage Function, by Country/Region, 2018-2027 ($Million)    
Table 14   Global Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 15   Global Network Function Virtualization Market Size for Virtual Appliances, by Country/Region, 2018-2027 ($Million)
Table 16   Global Network Function Virtualization Market Size for Core Network, by Type, 2018-2027 ($Million)    
Table 17   Global Network Function Virtualization Market Size for Core Network, by Country/Region, 2018-2027 ($Million)    
Table 18   Global Network Function Virtualization Market Size, for Virtualized Evolved Packet Core, by Country/Region, 2018-2027 ($Million)        
Table 19   Global Network Function Virtualization Market Size for Virtualized Radio Access Network, by Country/Region, 2018-2027 ($Million)        
Table 20   Global Network Function Virtualization Market Size for Virtual Internet Protocol Multimedia Subsystems, by Country/Region, 2018-2027 ($Million)        
Table 21   Global Network Function Virtualization Market Size for Mobile Edge Computing, by Country/Region, 2018-2027 ($Million)        
Table 22   Global Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 23   Global Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 24   Global Network Function Virtualization Market Size for Enterprises, by Country/Region, 2018-2027 ($Million)    
Table 25   Global Network Function Virtualization Market Size for BFSI, by Country/Region, 2018-2027 ($Million)        
Table 26   Global Network Function Virtualization Market Size for Media & Entertainment, by Country/Region, 2018-2027 ($Million)        
Table 27   Global Network Function Virtualization Market Size for Healthcare, by Country/Region, 2018-2027 ($Million)
Table 28   Global Network Function Virtualization Market Size, for Other Verticals, by Country/Region, 2018-2027 ($Million)        
Table 29   Global Network Function Virtualization Market Size for Data Center, by Country/Region, 2018-2027 ($Million)    
Table 30   Global Network Function Virtualization Market Size for Service Providers, by Country, 2018-2027, ($Million)
Table 31   Global Network Function Virtualization Market Size, by Country/Region, 2018-2027 ($Million)    
Table 32   North America: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)    
Table 33   North America: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 34   North America: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 35   North America: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 36   North America: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 37   North America: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 38   North America: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 39   North America: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 40    U.S.: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 41    U.S.: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 42    U.S.: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 43    U.S.: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 44    U.S.: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 45    U.S.: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 46    U.S.: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 47    Canada: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 48    Canada: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 49    Canada: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 50    Canada: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 51    Canada: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 52    Canada: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 53    Canada: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 54    Europe: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)        
Table 55    Europe: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 56    Europe: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 57    Europe: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 58    Europe: Network Function Virtualization Market Size, by Application,     2018-2027 ($Million)    
Table 59    Europe: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 60    Europe: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)
Table 61    Europe: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 62    U.K.: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 63    U.K.: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 64    U.K.: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 65    U.K.: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 66    U.K.: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 67    U.K.: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 68    U.K.: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 69    Germany: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 70    Germany: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 71    Germany: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 72    Germany: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 73    Germany: Network Function Virtualization Core Network Market Size, by Type 2018-2027 ($Million)        
Table 74    Germany: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 75    Germany: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 76     France: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 77     France: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 78     France: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 79     France: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 80     France: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 81     France: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 82     France: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 83     Italy: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 84     Italy: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 85     Italy: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 86     Italy: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 87     Italy: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 88     Italy: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 89     Italy: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 90     Spain: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 91     Spain: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 92     Spain: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 93     Spain: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 94     Spain: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 95     Spain: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 96     Spain: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 97     Rest of Europe: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 98     Rest of Europe: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 99     Rest of Europe: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 100   Rest of Europe: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 101   Rest of Europe: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 102   Rest of Europe: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 103   Rest of Europe: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 104    Asia Pacific: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)    
Table 105    Asia-Pacific: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 106    Asia-Pacific: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 107    Asia-Pacific: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 108    Asia-Pacific: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 109    Asia-Pacific: Network Function Virtualization Core Network Market Size, by Type 2018-2027 ($Million)    
Table 110    Asia-Pacific: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 111    Asia-Pacific: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 112    China: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 113    China: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 114    China: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 115    China: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 116    China: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 117    China: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 118    China: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 119    Japan: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)
Table 120    Japan: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)
Table 121    Japan: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 122    Japan: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 123    Japan: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 124    Japan: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 125    Japan: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 126    India: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 127    India: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 128    India: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 129    India: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 130    India: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 131    India: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 132    India: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 133    Rest of APAC: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 134    Rest of APAC: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 135    Rest of APAC: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 136    Rest of APAC: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 137    Rest of APAC: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 138    Rest of APAC: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 139    Rest of APAC: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 140    Latin America: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 141    Latin America: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 142    Latin America: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 143    Latin America: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 144    Latin America: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 145    Latin America: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 146    Latin America: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 147    Middle East & Africa: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 148    Middle East & Africa: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)
Table 149    Middle East & Africa: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)
Table 150    Middle East & Africa: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)
Table 151   Middle East & Africa: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 152    Middle East & Africa: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)
Table 153    Middle East & Africa: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 154    Recent Developments, by Company, 2016-2020

List of Figures

Figure 1        Research Process
Figure 2        Key secondary Sources
Figure 3        Primary Research Techniques
Figure 4        Key Executives Interviewed
Figure 5        Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6        Market Sizing & Growth Forecast Approach
Figure 7        Key Insights
Figure 8        Solutions to Dominate the Global Network Function Virtualization Market, by Component (2020-2027)    
Figure 9        Network to Dominate the Global Network Function Virtualization Market, by Function (2020-2027)    
Figure 10      Meticulous Research Estimates: Core Networks. Virtual Appliances
Figure 11      Enterprises to Dominate the Global Network Function Virtualization Market, by End User (2020-2027)    
Figure 12      Network Function Virtualization Market, by Region
Figure 13      Global Network Function Virtualization Market Size, by Component, 2020-2027 ($Million)
Figure 14      Global Network Function Virtualization Market Size, by Function, 2020-2027 ($Million)
Figure 15      Global Network Function Virtualization Market Size, by Application, 2020-2027 ($Million)
Figure 16      Global Network Function Virtualization Market Size, by End User, 2020-2027 ($Million)
Figure 17      Global Network Function Virtualization Market Size, by Region, 2020-2027 ($Million)
Figure 18      North America: Network Function Virtualization Market Snapshot
Figure 19      Europe: Network Function Virtualization Market Snapshot
Figure 20      Asia Pacific: Network Function Virtualization Market Snapshot
Figure 21      Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 22      Network Function Virtualization: Competitive Benchmarking, by Product
Figure 23      Market Share Analysis: Network Function Virtualization, 2019
Figure 24      Juniper Network, Inc.: Financial Overview (2019)
Figure 25      Ericsson: Financial Overview (2019)
Figure 26     Cisco Systems, Inc.: Financial Overview (2019)
Figure 27     Ribbon Communications, Inc.: Financial Overview (2019)
Figure 28     Fujitsu, Ltd.: Financial Overview (2019)
Figure 29     Huawei Technologies Co., Ltd.: Financial Overview (2019)
Figure 30     Ciena Corporation: Financial Overview (2017-2019)
Figure 31     Hewlett-Packard Enterprises: Financial Overview (2017-2019)
Figure 32     Netscout Systems, Inc.: Financial Overview (2019)

  Request Sample

1    Introduction        
      1.1.    Market Definition        
      1.2.    Market Ecosystem        
      1.3.    Currency and Limitations        
                1.3.1.    Currency        
                1.3.2.    Limitations        
      1.4.    Key Stakeholders        

2    Research Methodology        
      2.1.    Research Process        
      2.2.    Data Collection & Validation        
                2.2.1.    Secondary Research        
                2.2.2.    Primary Research        
      2.3.    Market Assessment        
                2.3.1.    Market size Estimation        
                2.3.2.    Bottom Up Approach        
                2.3.3.    Top Down Approach        
                2.3.4.    Growth Forecast        
                2.3.5.    Assumption for The Study        

3    Executive Summary        
      3.1.    Market Analysis, by Component        
      3.2.    Market Analysis, by Function        
      3.3.    Market Analysis, by Application        
      3.4.    Market Analysis, by End User        
      3.5.    Market Analysis, by Geography        
      3.6.    Competitive Analysis        

4    Market Insights        
      4.1.    Introduction        
      4.2.    Market Dynamics        
      4.3.    Drivers        
                4.3.1.    Rising Demand for Network Virtualization for Automation    
                4.3.2.    Growing Adoption of Cloud Services, Data Center Consolidation, And Server Virtualization
                4.3.3.    Emergence of Edge Computing        
      4.4.    Restraint        
                4.4.1.    Security Risks Associated with The Network Function Virtualization Infrastructure        
      4.5.    Opportunities        
                4.5.1.    Growing Investments in 5Gg Technology
                4.5.2.    Rising Adoption of IoT Technology    
                4.5.3.    Growing Demand for Private Cloud Solutions and Services    
      4.6.    Challenges        
                4.6.1.    Misconception and Lack of Knowledge About Network Function Virtualization Solutions        
                4.6.2.    Reliability Concerns with Network Function Virtualization Solutions        
                4.6.3.    Lack of Skilled Workforce        
      4.7.    Trend        
                4.7.1.    Integration of Edge Computing into Network Function Virtualization        
      4.8.    Impact of Covid-19 Pandemic on the Network Function Virtualization Market        

5    Network Function Virtualization Market, by Component
      5.1.    Introduction        
      5.2.    Solution        
                5.2.1.    Software        
                5.2.2.    Hardware        
      5.3.    Professional Services        
      5.4.    Orchestration & Automation    
    
6    Network Function Virtualization Market, by Function
      6.1.    Introduction        
      6.2.    Network        
      6.3.    Compute        
      6.4.    Storage        

7    Network Function Virtualization Market, by Application
      7.1.    Introduction        
      7.2.    Virtual Appliances        
      7.3.    Core Network        
                7.3.1.    Virtualized Evolved Packet Core
                7.3.2.    Virtualized Radio Access Network    
                7.3.3.    Virtual Internet Protocol Multimedia Subsystem            
                7.3.4.    Mobile Edge Computing        

8    Network Function Virtualization Market, by End User
      8.1.    Introduction        
      8.2.    Enterprises        
                8.2.1.    BFSI        
                8.2.2.    Media & Entertainment        
                8.2.3.    Healthcare        
                8.2.4.    Others        
      8.3.    Data Center        
      8.4.    Service Providers        

9    Network Function Virtualization Market, by Geography        
      9.1.    Introduction        
      9.2.    North America        
                9.2.1.    U.S.        
                9.2.2.    Canada        
      9.3.    Europe        
                9.3.1.    U.K.        
                9.3.2.    Germany        
                9.3.3.    France        
                9.3.4.    Italy        
                9.3.5.    Spain        
                9.3.6.    Rest of Europe        
      9.4.    Asia Pacific        
                9.4.1.    China        
                9.4.2.    Japan        
                9.4.3.    India        
                9.4.4.    Rest of APAC        
      9.5.    Latin America        
      9.6.    Middle East & Africa        

10    Competitive Landscape        
        10.1.    Introduction        
        10.2.    Key Growth Strategies        
        10.3.    Competitive Benchmarking        
        10.4.    Market Share Analysis (2019)            

11    Company Profile (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
        11.1.    Juniper Networks, Inc.
        11.2.    Ericsson        
        11.3.    Cisco Systems, Inc.        
        11.4.    Affirmed Networks        
        11.5.    Mavenir Systems, Inc.        
        11.6.    Ribbon Communications, Inc.        
        11.7.    Fujitsu, Ltd.        
        11.8.    Huawei Technologies Co., Ltd.        
        11.9.    Ciena Corporation        
        11.10.    Metaswitch Networks        
        11.11.    Hewlett Packard Enterprise        
        11.12.    Netscout Systems, Inc.        

12    Appendix        
        12.1.    Questionnaire        
        12.2.    Available Customization        

List of Tables

Table 1    Currency Conversion Rate into Usd, 2016-2019
Table 2    Impact Assessment of Covid-19 On Network Function Virtualization market ($Billion)        
Table 3    Global Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 4    Global Network Function Virtualization Solutions Market Size, by Type, 2018-2027 ($Million)    
Table 5    Global Network Function Virtualization Solution Market Size, by Country/Region, 2018-2027 ($Million)    
Table 6    Global Network Function Virtualization Software Market Size, by Country/Region, 2018-2027 ($Million)    
Table 7    Global Network Function Virtualization Hardware Market Size, by Country/Region, 2018-2027 ($Million)    
Table 8    Global Network Function Virtualization Professional Services Market Size, by Country/Region, 2018-2027 ($Million)
Table 9   Global Network Function Virtualization Orchestration & Automation Market Size, by Country/Region, 2018-2027 ($Million)        
Table 10 Global Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 11 Global Network Function Virtualization Market Size for Network Function, by Country, 2018-2027 ($Million)
Table 12 Global Network Function Virtualization Market Size for Compute Function, by Country, 2018-2027 ($Million)
Table 13 Global Network Function Virtualization Market Size for Storage Function, by Country/Region, 2018-2027 ($Million)    
Table 14   Global Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 15   Global Network Function Virtualization Market Size for Virtual Appliances, by Country/Region, 2018-2027 ($Million)
Table 16   Global Network Function Virtualization Market Size for Core Network, by Type, 2018-2027 ($Million)    
Table 17   Global Network Function Virtualization Market Size for Core Network, by Country/Region, 2018-2027 ($Million)    
Table 18   Global Network Function Virtualization Market Size, for Virtualized Evolved Packet Core, by Country/Region, 2018-2027 ($Million)        
Table 19   Global Network Function Virtualization Market Size for Virtualized Radio Access Network, by Country/Region, 2018-2027 ($Million)        
Table 20   Global Network Function Virtualization Market Size for Virtual Internet Protocol Multimedia Subsystems, by Country/Region, 2018-2027 ($Million)        
Table 21   Global Network Function Virtualization Market Size for Mobile Edge Computing, by Country/Region, 2018-2027 ($Million)        
Table 22   Global Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 23   Global Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 24   Global Network Function Virtualization Market Size for Enterprises, by Country/Region, 2018-2027 ($Million)    
Table 25   Global Network Function Virtualization Market Size for BFSI, by Country/Region, 2018-2027 ($Million)        
Table 26   Global Network Function Virtualization Market Size for Media & Entertainment, by Country/Region, 2018-2027 ($Million)        
Table 27   Global Network Function Virtualization Market Size for Healthcare, by Country/Region, 2018-2027 ($Million)
Table 28   Global Network Function Virtualization Market Size, for Other Verticals, by Country/Region, 2018-2027 ($Million)        
Table 29   Global Network Function Virtualization Market Size for Data Center, by Country/Region, 2018-2027 ($Million)    
Table 30   Global Network Function Virtualization Market Size for Service Providers, by Country, 2018-2027, ($Million)
Table 31   Global Network Function Virtualization Market Size, by Country/Region, 2018-2027 ($Million)    
Table 32   North America: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)    
Table 33   North America: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 34   North America: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 35   North America: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 36   North America: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 37   North America: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 38   North America: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 39   North America: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 40    U.S.: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 41    U.S.: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 42    U.S.: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 43    U.S.: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 44    U.S.: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 45    U.S.: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 46    U.S.: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 47    Canada: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 48    Canada: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 49    Canada: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 50    Canada: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 51    Canada: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 52    Canada: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 53    Canada: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 54    Europe: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)        
Table 55    Europe: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 56    Europe: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 57    Europe: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 58    Europe: Network Function Virtualization Market Size, by Application,     2018-2027 ($Million)    
Table 59    Europe: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 60    Europe: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)
Table 61    Europe: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 62    U.K.: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 63    U.K.: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 64    U.K.: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 65    U.K.: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 66    U.K.: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 67    U.K.: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 68    U.K.: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 69    Germany: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 70    Germany: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 71    Germany: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 72    Germany: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 73    Germany: Network Function Virtualization Core Network Market Size, by Type 2018-2027 ($Million)        
Table 74    Germany: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 75    Germany: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 76     France: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 77     France: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 78     France: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 79     France: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 80     France: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 81     France: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 82     France: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 83     Italy: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 84     Italy: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 85     Italy: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 86     Italy: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 87     Italy: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 88     Italy: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 89     Italy: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 90     Spain: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 91     Spain: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 92     Spain: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 93     Spain: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 94     Spain: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)        
Table 95     Spain: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 96     Spain: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 97     Rest of Europe: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)        
Table 98     Rest of Europe: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 99     Rest of Europe: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 100   Rest of Europe: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)        
Table 101   Rest of Europe: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 102   Rest of Europe: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 103   Rest of Europe: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 104    Asia Pacific: Network Function Virtualization Market Size, by Country, 2018-2027 ($Million)    
Table 105    Asia-Pacific: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 106    Asia-Pacific: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 107    Asia-Pacific: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 108    Asia-Pacific: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 109    Asia-Pacific: Network Function Virtualization Core Network Market Size, by Type 2018-2027 ($Million)    
Table 110    Asia-Pacific: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 111    Asia-Pacific: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 112    China: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 113    China: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 114    China: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 115    China: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 116    China: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 117    China: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 118    China: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)    
Table 119    Japan: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)
Table 120    Japan: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)
Table 121    Japan: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 122    Japan: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 123    Japan: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 124    Japan: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 125    Japan: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 126    India: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 127    India: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)    
Table 128    India: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)        
Table 129    India: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 130    India: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 131    India: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)        
Table 132    India: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 133    Rest of APAC: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 134    Rest of APAC: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 135    Rest of APAC: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 136    Rest of APAC: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 137    Rest of APAC: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 138    Rest of APAC: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 139    Rest of APAC: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 140    Latin America: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 141    Latin America: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)        
Table 142    Latin America: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)    
Table 143    Latin America: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)    
Table 144    Latin America: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)    
Table 145    Latin America: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)    
Table 146    Latin America: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)        
Table 147    Middle East & Africa: Network Function Virtualization Market Size, by Component, 2018-2027 ($Million)    
Table 148    Middle East & Africa: Network Function Virtualization Solution Market Size, by Type, 2018-2027 ($Million)
Table 149    Middle East & Africa: Network Function Virtualization Market Size, by Function, 2018-2027 ($Million)
Table 150    Middle East & Africa: Network Function Virtualization Market Size, by Application, 2018-2027 ($Million)
Table 151   Middle East & Africa: Network Function Virtualization Core Network Market Size, by Type, 2018-2027 ($Million)
Table 152    Middle East & Africa: Network Function Virtualization Market Size, by End User, 2018-2027 ($Million)
Table 153    Middle East & Africa: Network Function Virtualization Market Size for Enterprises, by Vertical, 2018-2027 ($Million)
Table 154    Recent Developments, by Company, 2016-2020

List of Figures

Figure 1        Research Process
Figure 2        Key secondary Sources
Figure 3        Primary Research Techniques
Figure 4        Key Executives Interviewed
Figure 5        Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6        Market Sizing & Growth Forecast Approach
Figure 7        Key Insights
Figure 8        Solutions to Dominate the Global Network Function Virtualization Market, by Component (2020-2027)    
Figure 9        Network to Dominate the Global Network Function Virtualization Market, by Function (2020-2027)    
Figure 10      Meticulous Research Estimates: Core Networks. Virtual Appliances
Figure 11      Enterprises to Dominate the Global Network Function Virtualization Market, by End User (2020-2027)    
Figure 12      Network Function Virtualization Market, by Region
Figure 13      Global Network Function Virtualization Market Size, by Component, 2020-2027 ($Million)
Figure 14      Global Network Function Virtualization Market Size, by Function, 2020-2027 ($Million)
Figure 15      Global Network Function Virtualization Market Size, by Application, 2020-2027 ($Million)
Figure 16      Global Network Function Virtualization Market Size, by End User, 2020-2027 ($Million)
Figure 17      Global Network Function Virtualization Market Size, by Region, 2020-2027 ($Million)
Figure 18      North America: Network Function Virtualization Market Snapshot
Figure 19      Europe: Network Function Virtualization Market Snapshot
Figure 20      Asia Pacific: Network Function Virtualization Market Snapshot
Figure 21      Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 22      Network Function Virtualization: Competitive Benchmarking, by Product
Figure 23      Market Share Analysis: Network Function Virtualization, 2019
Figure 24      Juniper Network, Inc.: Financial Overview (2019)
Figure 25      Ericsson: Financial Overview (2019)
Figure 26     Cisco Systems, Inc.: Financial Overview (2019)
Figure 27     Ribbon Communications, Inc.: Financial Overview (2019)
Figure 28     Fujitsu, Ltd.: Financial Overview (2019)
Figure 29     Huawei Technologies Co., Ltd.: Financial Overview (2019)
Figure 30     Ciena Corporation: Financial Overview (2017-2019)
Figure 31     Hewlett-Packard Enterprises: Financial Overview (2017-2019)
Figure 32     Netscout Systems, Inc.: Financial Overview (2019)

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