Portland, OR -- (SBWIRE) -- 08/24/2017 -- Network function virtualization (NFV) is a combination of hardware and software network that deals in the virtual network. It assists in optimizing the networks and related operations and reduces power consumption, thus decreasing equipment cost. It facilitates accessibility of several applications on one single network appliance. The decrease in capital and operational expenditure is a major advantage offered by network function virtualization.

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Increase in the deployment of virtualized software among enterprise data centers, including internet service providers (ISP) and cloud service providers (CSP), drives the market growth. However, delay in adoption of this technology hampers this market. Furthermore, Rise in demand for data-intensive applications and the need for cloud-based services are expected to present major opportunities for market expansion.

The global network function virtualization market is segmented on the basis of component, application, and region. On the basis of the component, it is divided into software and infrastructure & services. The application segment is categorized into switching elements (routers), service assurance, next-generation signaling, security function, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Network Function Virtualization Market Key Segments:

By Component

- Software
- Infrastructure & Services

By Application

- Switching Elements (Routers)
- Service Assurance
- Next-generation Signaling
- Security Function
- Others

By Region

North America
- U.S.
- Canada
- Mexico

Europe
- UK
- Germany
- France
- Russia
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

LAMEA
- Latin America
- Middle East
- Africa

Key Market Players Profiled In The Report

- Ericsson AB
- Hewlett Packard Enterprise
- VMware Inc.
- Nokia Corporation
- Huawei Technologies
- 6WIND
- A10 Networks
- Affirmed Networks
- Allot Communications
- Amdocs