The Europe Network Functions Virtualization Market would witness market growth of 24.3% CAGR during the forecast period (2022-2028).
The emergence of fierce competition for communication service offerings via agile businesses operating on the public Internet at scale, like Google Talk, Skype, and Netflix. has compelled service providers to seek out novel approaches to upend the status quo and boost income streams. In order to comply with the demands of customers, various companies are adopting network function virtualization solutions. This is one of the major factors that are driving the growth of the network functions virtualization market. Many service providers believe that the advantages of virtualizing network functions outweigh the hazards. Traditional hardware-based networks require network administrators to buy specialized hardware units, manually configure them, then join them to form a network.
This takes a lot of time and requires advanced networking knowledge. NFV makes it possible for virtual network functions to be operated on a generic standard server under the management of a hypervisor, which is significantly less expensive than buying specialized hardware. A virtualized network makes it much easier to configure and administer the network. The best part is that because the network is operated on virtual machines, which are simple to provide and administer, network capabilities may be updated or added instantly.
The regional healthcare industry is significantly employing advanced and new technologies. According to the International Trade Administration, the European Regional Development Fund (ERDF - or EFRE, in German) program and cohesion policy 2021–2027, as well as the German Lander deployment and tendering of this program, all represent the healthcare/life sciences industry as a priority for both the EU and Germany. Health-related R&D and innovation are also a focus of Horizon Europe, a European Incentive Program for Research and Innovation approved by the EU Council and Parliament that retrospectively took effect on January 1, 2021, after being finalized in April 2021. Initiatives focus on fighting cancer, aging, smart health, and digital care approaches.
The Germany market dominated the Europe Network Functions Virtualization Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,365.5 million by 2028.The UK market is anticipated to grow at a CAGR of 23.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 25.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The North America Network Functions Virtualization Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
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).
Scope of the Study
Market Segments Covered in the Report:
By Component
By End User
- Service Providers
- Data Centers
- Enterprises
- BFSI
- Manufacturing
- Government & Defense
- Healthcare
- Retail
- Education
- Others
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Virtual Appliance
- Core Network
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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
- Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co., Limited)
TABLE 1 Europe Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 2 Europe Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Network Functions Virtualization Market
TABLE 4 Product Launches And Product Expansions– Network Functions Virtualization Market
TABLE 5 Acquisition and Mergers– Network Functions Virtualization Market
TABLE 6 Europe Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 7 Europe Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 8 Europe Solutions Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Solutions Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 13 Europe Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 14 Europe Service Providers Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Service Providers Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Data Centers Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Data Centers Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 21 Europe Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 22 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe Government & Defense Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe Government & Defense Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Retail Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Retail Market by Country, 2022 - 2028, USD Million
TABLE 32 Europe Education Market by Country, 2018 - 2021, USD Million
TABLE 33 Europe Education Market by Country, 2022 - 2028, USD Million
TABLE 34 Europe Other Enterprises Type Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Other Enterprises Type Market by Country, 2022 - 2028, USD Million
TABLE 36 Europe Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 37 Europe Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 38 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 39 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 40 Europe Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 41 Europe Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 42 Europe Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 43 Europe Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 44 Europe Virtual Appliance Market by Country, 2018 - 2021, USD Million
TABLE 45 Europe Virtual Appliance Market by Country, 2022 - 2028, USD Million
TABLE 46 Europe Core Network Market by Country, 2018 - 2021, USD Million
TABLE 47 Europe Core Network Market by Country, 2022 - 2028, USD Million
TABLE 48 Europe Network Functions Virtualization Market by Country, 2018 - 2021, USD Million
TABLE 49 Europe Network Functions Virtualization Market by Country, 2022 - 2028, USD Million
TABLE 50 Germany Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 51 Germany Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 52 Germany Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 53 Germany Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 54 Germany Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 55 Germany Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 56 Germany Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 57 Germany Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 58 Germany Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 59 Germany Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 60 Germany Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 61 Germany Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 62 UK Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 63 UK Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 64 UK Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 65 UK Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 66 UK Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 67 UK Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 68 UK Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 69 UK Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 70 UK Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 71 UK Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 72 UK Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 73 UK Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 74 France Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 75 France Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 76 France Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 77 France Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 78 France Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 79 France Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 80 France Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 81 France Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 82 France Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 83 France Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 84 France Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 85 France Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 86 Russia Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 87 Russia Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 88 Russia Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 89 Russia Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 90 Russia Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 91 Russia Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 92 Russia Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 93 Russia Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 94 Russia Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 95 Russia Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 96 Russia Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 97 Russia Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 98 Spain Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 99 Spain Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 100 Spain Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 101 Spain Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 102 Spain Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 103 Spain Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 104 Spain Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 105 Spain Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 106 Spain Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 107 Spain Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 108 Spain Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 109 Spain Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 110 Italy Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 111 Italy Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 112 Italy Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 113 Italy Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 114 Italy Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 115 Italy Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 116 Italy Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 117 Italy Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 118 Italy Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 119 Italy Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 120 Italy Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 121 Italy Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 122 Rest of Europe Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 123 Rest of Europe Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 124 Rest of Europe Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 125 Rest of Europe Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 126 Rest of Europe Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 127 Rest of Europe Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 128 Rest of Europe Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 129 Rest of Europe Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 130 Rest of Europe Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 131 Rest of Europe Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 132 Rest of Europe Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 133 Rest of Europe Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 134 Key Information – Intel Corporation
TABLE 135 Key Information – Oracle Corporation
TABLE 136 key information – Huawei Technologies Co., Ltd.
TABLE 137 key information – Ericsson AB
TABLE 138 key information – Hewlett Packard Enterprise Company
TABLE 139 Key Information – Juniper Networks, Inc.
TABLE 140 KEY INFORMATION – NEC Corporation
TABLE 141 Key Information – Amdocs Limited
TABLE 142 Key Information – F5 Networks, Inc.
TABLE 143 Key Information – Alcatel-Lucent Enterprise
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 SWOT analysis: Intel corporation
FIG 6 SWOT analysis: Oracle Corporation
FIG 7 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 8 SWOT analysis: Hewlett-Packard enterprise Company