LONDON--(BUSINESS WIRE)--Aug 28, 2018--The global network function virtualization (NFV) market is expected to post a CAGR of over 41% during the period 2018-2022, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decrease in the year-over-year growth.

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Technavio has published a new market research report on the global network function virtualization market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is advances in network infrastructure. The increase in the number of connected devices has led to massive amounts of data generated over the network. Businesses have realized that they can use this data to optimize costs, deliver better services, and boost revenue. Therefore, there is high demand for and adoption of network technologies to improve the efficiency of the business and neutralize cyber threats, which will boost the growth of the global market.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing acceptance of cloud computing as one of the key emerging trends in the global network function virtualization market:

Global network function virtualization market: increasing acceptance of cloud computing

There has been a high acceptance of cloud computing across the world in recent times. This upsurge in the penetration and diffusion of the cloud phenomenon is a significant trend that will affect the adoption and proliferation of NFV solutions across verticals because of its inherent cost-effectiveness and ease of management of cloud-based network virtualization solutions. The rise in cloud computing is supplemented by innovations in cloud network virtualization and efficiency improvement. As a result, the cloud deployment models are becoming increasingly secure, reliable, and flexible. Therefore, innovations in cloud services are eventually expected to drive the wide reception of NFV solutions among large enterprises.

“NFV is readily adopted by network service providers to reduce the need for hardware such as firewall, CDN, load balancers, WAN acceleration, and RAN. SDNs and virtual networks are also flexible in terms of deployment model depending on the customer's requirement of network services. Hence the demand for NFV is expected to increase during the forecast period,” says a senior analyst at Technavio for research on data center.

Global network function virtualization market: Segmentation analysis

This market research report segments the global network function virtualization market by end-user (IT and telecom, BFSI, government, others) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of more than 43%, followed by EMEA, and APAC respectively. However, during the forecast period, the APAC region is expected to show the highest incremental growth while the other two regions will witness a decline in their market shares.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 08/28/2018 08:23 AM/DISC: 08/28/2018 08:23 AM