Albany, NY -- (SBWire) -- 03/26/2019 --Network function virtualization allows network tasks to be performed by software running on commodity hardware, replacing expensive, dedicated hardware appliances and NVF function made up of three components: virtualized network function (VNF), network function virtualization infrastructure (NFVI), and NFV management and orchestration (MANO).
NFV Infrastructure (NFVI) market: Drivers and Challenges
The major growth drivers of the NFV Infrastructure (NFVI) market increasing complexity and varied traffic pattern in various countries such as U.S., India, China, U.K., France and Germany. In addition, surge in demand for cloud services, Data Center Consolidation, and Server Virtualization in various regions will drive the growth of NFV Infrastructure (NFVI) market.
Major challenges of NFV Infrastructure (NFVI) market is the governance and security concerns among telecom organizations. In addition, macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which may hamper the growth of NFV Infrastructure (NFVI) Market across the globe.
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NFV Infrastructure (NFVI) market: Segmentation
Global NFV Infrastructure (NFVI) Market can be segmented as:
Segmentation on the basis of Components:
NFV Infrastructure (NFVI) market segmented on the basis of Components. Components include NFV virtualization software and NFV IT infrastructure and services.
Competition Landscape
Key Contracts in NFV Infrastructure (NFVI) market are as:
In February 2015, Brocade Communications Systems, U.S. based telecom company specializing in data and storage networking products announced to acquire Riverbed's (U.S. based telecom company that develops products to improve application performance across wide area networks (WANs) SteelApp NFV Product Line
Key Players
Some of the major players in Global NFV Infrastructure (NFVI) Market are Brocade Communication Systems, Cisco Systems, Inc., Ericsson, Juniper Networks, Pluribus Networks Inc., Hewlett Packard Enterprise (HPE), Huawei Technologies, Nokia, VMware, Big Switch Networks, Inc., Ciena Corporation, Intel Corporation, NEC Corporation and Pica8, Inc.
Regional Overview
North America is holding the largest market share for NFV Infrastructure (NFVI) market due to growing in technological advancements in networking and data center consolidation. Due to increase demand from telecom sector Asia pacific will hold maximum market share for NFV Infrastructure (NFVI) in near future. Europe is fastest growing market for NFV Infrastructure (NFVI) due to increasing evolution and demand in mobility. Sturdy economic progress and the growing momentum of interconnected devices will driving the growth of NFV Infrastructure (NFVI) market in MEA region. The Demand for NFV Infrastructure (NFVI) market has risen dramatically over the past two years globally.
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NFV Infrastructure (NFVI) Market Emerging Top Key Players to Watch- Cisco Systems, Ericsson, Juniper Networks, HPE, Nokia, and VMware in 2017-2025