Global Virtual Network Function Software Market Projections to 2023: CAGR to Grow at 38.7%, Driven by Increase in Telecom Service Providers and Growing Demand for Cloud Services - ResearchAndMarkets.com

May 14, 2018

DUBLIN--(BUSINESS WIRE)--May 14, 2018--The “Global Virtual Network Function Software Market - Segmented by Component, Deployment (On-premises, On-cloud), End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The market for virtual network function software is expected to register a CAGR of 38.7%, during the forecast period (2018-2023). The scope includes different component of virtual network function software market, such as hardware, software and service. The regions considered under the scope of the report include North America, Europe, Asia-Pacific, and Middle East & Africa.

Factors such as increase in telecom service providers and growing demand for cloud services are expected to drive the virtual network function market during the forecast period. Moreover, growing market development in virtual network functions is expected to add fuel to the growth of market. Major firms, such as Verizon Communication partnered with Amazon web services to provide virtual network services.

Key Highlights

Increased Adoption of Internet of Things (IoT) IT is Set to Become the Fastest Growing Segment North America to Lead the Market

Key Developments in Market

November 2017: NTT East Japan adopted Cisco network function software to create new services for small and medium enterprises to ensure stability

Key Players

Alcatel-Lucent Ericsson Huawei Tech Mahindra

Other Players

Aricent Incorporation Cisco Corporation F5 Networks Inc Fujitsu Ltd HP Enterprise Inc NEC Corporation Ribbon Communications Inc Telefonica S A Trend Micro Incorporated Verizon Communications Inc

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Virtual Network Software Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future Outlook of Virtual Network Software Market

For more information about this report visit https://www.researchandmarkets.com/research/58fb9b/global_virtual?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180514006169/en/

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SOURCE: Research and Markets

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PUB: 05/14/2018 02:08 PM/DISC: 05/14/2018 02:08 PM


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