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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 f ....
Share this article Share this article ResearchAndMarkets.com s offering. This research evaluates enabling technologies and the market outlook for 5G Network slicing. It provides analysis of the market opportunities including Configuration Management, Performance Management, Service Level Agreements, and more. It also includes 5G Network Slicing by specific use cases such as Smart Manufacturing, which includes Remote Monitoring, Supply Chain Management, Asset Management, Real-Time Monitoring, and Network Monitoring. The ability to optimize network management and service delivery is of paramount importance to communications services providers. This is especially the case as 5G networks will add a level of unprecedented complexity of hybrid LTE/5G environments for carriers as well as enterprise and industrial private networks. Network automation and orchestration are dependent upon a multi-faceted approach including smart antennas, network slicing, and optimization of ....