The Asia Pacific Network Functions Virtualization Market would witness market growth of 25.5% CAGR during the forecast period (2022-2028).
Numerous potential uses include virtualizing mobile base stations, content delivery networks (CDN), platform as a service (PaaS), fixed access, and residential settings. It is anticipated that NFV would have a substantial positive impact. It is also estimated that deploying network functions as virtual machines on general-purpose, standardized hardware can lower capital and operating costs and speed up the introduction of new services and products. Support for NFV has been announced by various vital network equipment companies.
The foundation for effective carrier-grade NFV solutions is the NFV platform. It is an open-source software platform that incorporates carrier-grade functionality and runs on common multi-core hardware. In order to achieve high availability, the NFV platform software is in charge of dynamically reassigning VNFs in response to failures or changes in traffic load. Various supplier ecosystems, like the Open Platform for NFV Project, the Carrier Network Virtualization Awards, the ATIS NFV Proof of Concept, and numerous more initiatives are all working to specify, align, and push NFV carrier-grade capabilities.
One of the major factors determining India's Gross Domestic Product (GDP) is the growing manufacturing industry of the country. The industries that manufacture cars, planes, and ships as well as consumer electronics are the largest and strongest manufacturing sectors of the country. Over the past two decades, India's economy had one of the fastest growth rates in the world, which is certainly a result of economic reforms. According to the Planning Commission of the Government of India, the manufacturing industry of the country contributes to nearly 16% of the GDP of the country.
The China market dominated the Asia Pacific Network Functions Virtualization Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,802.4 million by 2028.The Japan market is estimated to grow a CAGR of 24.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 26.2% during (2022 - 2028).
Based on Component, the market is segmented into Solutions and Services. Based on End User, the market is segmented into Service Providers, Data Centers and Enterprises. Based on Enterprises Type, the market is segmented into BFSI, Manufacturing, Government & Defense, Healthcare, Retail, Education and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Virtual Appliance and Core Network. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Network Functions Virtualization Market is Projected to reach USD 94.1 Billion by 2028, at a CAGR of 24.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Oracle Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Ericsson AB, Hewlett Packard Enterprise Company, Juniper Networks, Inc., NEC Corporation, Amdocs Limited, F5 Networks, Inc, and Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co., Limited).
By Component
By End User
By Organization Size
By Application
By Country
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