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Global network function virtualization market size is expected to reach $57.11 Bn by 2028 at a rate of 20.8%, segmented as by component, solutions, orchestration and automation, services<br>
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Network Function Virtualization Market Report 2024 Market Size, Trends and Global Forecast 2024-2033
Network Function Virtualization Segments The Business Research Company segments it’s Network Function Virtualization report as: Solutions, Orchestration And Automation, Services By Component Hardware Resources, Virtualized Resources By Infrastructure By Application Virtual Appliance, Core Network
Market Statistics The network function virtualization market size has grown exponentially in recent years. It will grow from $22.29 billion in 2023 to $26.86 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. It will grow to $57.11 billion in 2028 at a compound annual growth rate (CAGR) of 20.8%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers Increasing demand for cloud-based services is significantly contributing to the growth of the network function virtualization market going forward. Trends Technological advancements have emerged as a key trend gaining popularity in the network function virtualization market. • Region North America was the largest region in the network function virtualization market in 2023.
Key Market Players • Major players in the Network Function Virtualization are: • Cisco Systems Inc. • Telefonaktiebolaget LM Ericsson • Huawei Technologies Co. Ltd. • VMware Inc • Nokia Corporation Get More Information On The Network Function Virtualization Report
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