The North America Network Functions Virtualization Market would witness market growth of 24.2% CAGR during the forecast period (2022-2028).
Virtual machines utilize software to carry out the same networking tasks as conventional hardware. Software, rather than hardware, handles load balancing, routing, and firewall security. Network engineers can automate the provisioning of the virtual network and program all of its diverse components using a hypervisor or software-defined networking controller. IT managers may quickly set a number of network functionality components through a single pane of glass.
The use of the phrase carrier grade to denote equipment displaying this high dependability and performance factor reflects the customary strict criteria for stability, protocol conformance, and quality established by the telecommunications sector while developing products. Additionally, 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.
The adoption of network functions virtualization services and solutions are majorly increasing in the region. The United States is one of the world's largest markets for telecommunications services. While the growth in the productivity have been robust in the country, the employment in the sector has remained comparatively static. Between 1982 and 1992, the value added per employee hour increased at a 6.1% yearly pace. Over the same time period, gross output increased by 6.4% per employee. In terms of total factor productivity, the United States' telecommunications services sector outperforms various other countries.
The US market dominated the North America Network Functions Virtualization Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $23,768.8 million by 2028.The Canada market is poised to grow at a CAGR of 27% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 25.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Network Functions Virtualization Market is Predict to reach $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).
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
- US
- Canada
- Mexico
- Rest of North America
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)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Network Functions Virtualization Market, by Component
1.4.2 North America Network Functions Virtualization Market, by End User
1.4.3 North America Network Functions Virtualization Market, by Organization Size
1.4.4 North America Network Functions Virtualization Market, by Application
1.4.5 North America Network Functions Virtualization Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America Network Functions Virtualization Market by Component
4.1 North America Solutions Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Network Functions Virtualization Market by End User
5.1 North America Service Providers Market by Country
5.2 North America Data Centers Market by Country
5.3 North America Enterprises Market by Country
5.4 North America Network Functions Virtualization Market by Enterprises Type
5.4.1 North America BFSI Market by Country
5.4.2 North America Manufacturing Market by Country
5.4.3 North America Government & Defense Market by Country
5.4.4 North America Healthcare Market by Country
5.4.5 North America Retail Market by Country
5.4.6 North America Education Market by Country
5.4.7 North America Other Enterprises Type Market by Country
Chapter 6. North America Network Functions Virtualization Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America Network Functions Virtualization Market by Application
7.1 North America Virtual Appliance Market by Country
7.2 North America Core Network Market by Country
Chapter 8. North America Network Functions Virtualization Market by Country
8.1 US Network Functions Virtualization Market
8.1.1 US Network Functions Virtualization Market by Component
8.1.2 US Network Functions Virtualization Market by End User
8.1.2.1 US Network Functions Virtualization Market by Enterprises Type
8.1.3 US Network Functions Virtualization Market by Organization Size
8.1.4 US Network Functions Virtualization Market by Application
8.2 Canada Network Functions Virtualization Market
8.2.1 Canada Network Functions Virtualization Market by Component
8.2.2 Canada Network Functions Virtualization Market by End User
8.2.2.1 Canada Network Functions Virtualization Market by Enterprises Type
8.2.3 Canada Network Functions Virtualization Market by Organization Size
8.2.4 Canada Network Functions Virtualization Market by Application
8.3 Mexico Network Functions Virtualization Market
8.3.1 Mexico Network Functions Virtualization Market by Component
8.3.2 Mexico Network Functions Virtualization Market by End User
8.3.2.1 Mexico Network Functions Virtualization Market by Enterprises Type
8.3.3 Mexico Network Functions Virtualization Market by Organization Size
8.3.4 Mexico Network Functions Virtualization Market by Application
8.4 Rest of North America Network Functions Virtualization Market
8.4.1 Rest of North America Network Functions Virtualization Market by Component
8.4.2 Rest of North America Network Functions Virtualization Market by End User
8.4.2.1 Rest of North America Network Functions Virtualization Market by Enterprises Type
8.4.3 Rest of North America Network Functions Virtualization Market by Organization Size
8.4.4 Rest of North America Network Functions Virtualization Market by Application
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Oracle Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.4 Ericsson AB
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 Hewlett Packard Enterprise Company
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Juniper Networks, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.7 NEC Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.8 Amdocs Limited
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.9 F5 Networks, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Acquisition and Mergers:
9.10. Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co., Limited)
9.10.1 Company Overview
TABLE 1 North America Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Solutions Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Solutions Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 13 North America Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 14 North America Service Providers Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Service Providers Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Data Centers Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Data Centers Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 21 North America Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 22 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 23 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Government & Defense Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Government & Defense Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Education Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Education Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Other Enterprises Type Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Other Enterprises Type Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 37 North America Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 38 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 43 North America Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 44 North America Virtual Appliance Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Virtual Appliance Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Core Network Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Core Network Market by Country, 2022 - 2028, USD Million
TABLE 48 North America Network Functions Virtualization Market by Country, 2018 - 2021, USD Million
TABLE 49 North America Network Functions Virtualization Market by Country, 2022 - 2028, USD Million
TABLE 50 US Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 51 US Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 52 US Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 53 US Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 54 US Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 55 US Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 56 US Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 57 US Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 58 US Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 59 US Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 60 US Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 61 US Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 62 Canada Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 63 Canada Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 64 Canada Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 65 Canada Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 66 Canada Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 67 Canada Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 68 Canada Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 69 Canada Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 70 Canada Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 71 Canada Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 72 Canada Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 73 Canada Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 74 Mexico Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 75 Mexico Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 76 Mexico Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 77 Mexico Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 78 Mexico Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 79 Mexico Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 80 Mexico Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 81 Mexico Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 82 Mexico Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 83 Mexico Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 84 Mexico Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 85 Mexico Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 86 Rest of North America Network Functions Virtualization Market, 2018 - 2021, USD Million
TABLE 87 Rest of North America Network Functions Virtualization Market, 2022 - 2028, USD Million
TABLE 88 Rest of North America Network Functions Virtualization Market by Component, 2018 - 2021, USD Million
TABLE 89 Rest of North America Network Functions Virtualization Market by Component, 2022 - 2028, USD Million
TABLE 90 Rest of North America Network Functions Virtualization Market by End User, 2018 - 2021, USD Million
TABLE 91 Rest of North America Network Functions Virtualization Market by End User, 2022 - 2028, USD Million
TABLE 92 Rest of North America Network Functions Virtualization Market by Enterprises Type, 2018 - 2021, USD Million
TABLE 93 Rest of North America Network Functions Virtualization Market by Enterprises Type, 2022 - 2028, USD Million
TABLE 94 Rest of North America Network Functions Virtualization Market by Organization Size, 2018 - 2021, USD Million
TABLE 95 Rest of North America Network Functions Virtualization Market by Organization Size, 2022 - 2028, USD Million
TABLE 96 Rest of North America Network Functions Virtualization Market by Application, 2018 - 2021, USD Million
TABLE 97 Rest of North America Network Functions Virtualization Market by Application, 2022 - 2028, USD Million
TABLE 98 Key Information – Intel Corporation
TABLE 99 Key Information – Oracle Corporation
TABLE 100 key information – Huawei Technologies Co., Ltd.
TABLE 101 key information – Ericsson AB
TABLE 102 key information – Hewlett Packard Enterprise Company
TABLE 103 Key Information – Juniper Networks, Inc.
TABLE 104 KEY INFORMATION – NEC Corporation
TABLE 105 Key Information – Amdocs Limited
TABLE 106 Key Information – F5 Networks, Inc.
TABLE 107 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