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Network Function Virtualization (NFV) Market projected to reach $36 3 billion by 2024, with a remarkable CAGR of 22 9%

Network Function Virtualization (NFV) Market projected to reach $36 3 billion by 2024, with a remarkable CAGR of 22 9%
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Network Function Virtualization (NFV) Market Worth $122 Billion by 2027, Growing at a CAGR of 34 9% From 2020- Exclusive Report by Meticulous Research®

 by Component (Orchestration, Professional Services), Virtualized Network Function, Application (Virtual Appliances, Core Network), End User (Enterprises, Service Providers, Data Centers) - Global Forecast to 2027 , published by Meticulous Research ®, the Network Function Virtualization (NFV) market is expected to reach $122 billion by 2027, at a CAGR of 34.9% during the forecast period of 2020 to 2027. Network functions virtualization (NFV) involves strategies for virtualization of network services that traditionally run on proprietary, dedicated hardware. It incorporates cloud and virtualization technologies to drive rapid development of new network services with scalability and automation. It involves decoupling of network functions from proprietary hardware appliances and running them as software in virtual machines (VMs). NFV has been hugely beneficial for global IT industry to modernize their enterprise networks. It has the ability to virtualize classical network functions

Network Slicing Market Worth $893 1 Million by 2027, Growing at a CAGR of 15 2% From 2020 - Exclusive Report by Meticulous Research

Network Slicing Market Worth $893 1 Million by 2027, Growing at a CAGR of 15 2% From 2020 - Exclusive Report by Meticulous Research®

IDC Whitepaper Addresses the Challenges of Cost-Effectively Deploying 5G At Scale – Consumer Electronics Net

8 hours ago What’s the News: Industry analyst firm IDC explains how iconectiv® TruOps Common Language® will play a larger role in the evolution of networks particularly in support of accelerating 5G rollouts while continuing to support ongoing network operations and maintenance. Why it Matters: The greatest challenge communication service providers face is keeping pace with technology advancements like 5G that allow new revenue-generating services to be introduced profitably and at scale. One big hurdle to achieving this is the deployment, management and interconnection of physical and virtual assets that support these services. Who’s it for: Network operators, hosted network service providers, communications platform-as-a-service (CPaaS) operators, fixed and mobile virtual network operators, wholesale connectivity providers, operations support systems (OSS) vendors and business support systems (BSS) suppliers.

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