The global network function virtualization market is expected to grow at a CAGR of around 22.6% during 2024-2033. This report on global network function virtualization market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global network function virtualization market by segmenting the market based on components, virtualized network functions, applications, end users, enterprise size and region. Also, detailed profiles of companies operating in the network function virtualization market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers
• Optimized Network Scalability and Agility Offered by NFV
• Increasing Demand for Mobility
• Growing Investment in 5G Network Technology

Market Challenges
• Lack of In-house Technical Expertise
• Integration and Interoperability Issues

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Components
• Solutions
• Orchestration and Automation
• Services

Market by Virtualized Network Functions
• Compute
• Storage
• Network

Market by Applications
• Virtual Appliance
• Core Network

Market by End Users
• Service Providers
• Data Centers
• Enterprises
   - BFSI
   - Healthcare
   - Retail
   - Government and Defense
   - Others

Market by Enterprise Size
• SMEs
• Large enterprises

Market by Region
• Europe
   - Germany
   - United Kingdom
   - France
   - Italy
   - Spain
   - Russia
   - Netherlands
   - Rest of Europe
• North America
   - United States
   - Canada
• Asia Pacific
   - China
   - Japan
   - India
   - South Korea
   - Australia
   - Indonesia
   - Rest of Asia Pacific
• Latin America
   - Mexico
   - Brazil
   - Argentina
   - Rest of Latin America
• Middle East & Africa
   - Saudi Arabia
   - Turkey
   - Iran
   - United Arab Emirates
   - Rest of Middle East & Africa