TOP 10 COMPANIES IN NETWORK FUNCTION VIRTUALIZATION (NFV) MARKET

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. Increasing adoption of cloud computing and IoT has resulted in the evolution of business needs in terms of agility. Subsequently, network complexities and cloud based services have also increased significantly in the past few years. Network function virtualization has emerged as one of the essential tools for organizations to address these issues associated with the network infrastructure. In the light of increasing data intensive applications and need of cloud-based services the demand for network function virtualization solutions and services is expected to increase substantially over the coming years, contributing to the market growth.

Here are the top 10 companies operating in Network Function Virtualization (NFV) Market-

Juniper Networks, Inc.

Juniper Networks designs, develops, and sells products and services for high-performance networks to enable customers to build scalable, reliable, secure, and cost-effective networks for their businesses. The company operates through two business segments, namely, Product and Services. Juniper Networks offers various network function virtualization solutions, such as orchestration & automation, virtual private networks, service control gateways, and virtualized network functions.

With its subsidiaries and a strong distribution network, the company has its presence in various regions, such as the Americas, Asia-Pacific, and the Middle East & Africa. Some of its subsidiaries are Mist System, Inc. (U.S.), Aurrion, Inc. (U.S.), and AppFormix, Inc. (U.S.).

Ericsson

Ericsson is one of the leading providers of ICT to service providers. The company is a leader in 4G and 5G mobile technologies and provides support for networks. It operates through four business segments, namely, Network, Digital Services, Managed Services, and Other. The company’s portfolio comprises mobile and fixed network infrastructure; telecom services; broadband& multimedia solutions for operators, enterprises, & the media industry.

With its subsidiaries and a strong network of distribution, the company has its presence in the Americas, Asia-Pacific, and the Middle East & Africa. Some of its subsidiaries are Ericsson-LG (South Korea), Ericsson-Nikola Tesla (Croatia), and Cenx, Inc. (U.S.).

Cisco Systems, Inc.

Cisco Systems designs and sells a broad range of technologies that power the Internet. Across networking, security, collaboration, applications, and the cloud, its intent-based technologies are continuously learning and adapting to provide customers with a highly secure, intelligent platform for their digital business. The company operates in four business segments, namely, Infrastructure Platform, Services, Application, Security, and Others. The company offers advanced technologies, such as IP technology, security, home networking, optical networking, storage area networking, and wireless portals.

With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia- Pacific, and the Middle East & Africa. Some of its subsidiaries are Cisco WebEx, Inc. (U.S.), OpenDNS (U.S.), and BroadSoft, Inc. (U.S.).

 

Hewlett Packard Enterprise

HewlettPackard is a multinational information technology company that provides a wide variety of software components and hardware &associated services to consumers, SMBs, large enterprises, and health &education sectors. The company offers various network function virtualization services, such as vulnerability analysis, data-driven, and continuous security improvement.

With its subsidiaries and a strong network of distributors, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.Some of its subsidiaries of the Hewlett Packard Enterprise include VoodooPC (Canada), Apogee Corporation Limited (U.K.), Indigo America, Inc. (U.S.).

Fujitsu, Ltd.

Fujitsu is the leading global ICT company, offering a full range of technology products, solutions, and services. The company operates through three business segments, namely,Technology Solutions, Ubiquitous Solutions, and Device Solutions. The company offers various network function virtualization solutions, such as storage, compute, virtual evolved packet core, and networks.

With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia- Pacific, and the Middle East & Africa. Some ofitssubsidiaries are Fujitsu FSaS, Inc. (Japan), Nifty Corporation (Japan), PFU Limited (Japan), and FDK Corporation.

 

A report into the projected growth of the current Network Function Virtualization (NFV) Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 34.9%, reaching over $122 billion.

Affirmed Networks

Founded in 2010 and headquartered in Massachusetts, U.S., Affirmed Networks is engaged in transforming and advancing intelligence in mobile data networks. The company develops a mobile network platform that provides IoT virtualization, network slicing, and virtual probe &analytics solutions. The company mobile core capabilities are 5G NR, virtualized DPI and GiLAN services, optimized IoT access, Wi-Fi and service automation, and cloud-native mobile core solutions. With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, and Asia-Pacific.

Mavenir Systems, Inc.

Founded in 2005 and headquartered inRichardson, Texas, U.S., Mavenir Systemsis a leader in the deployment of virtualized solutions for mobile network operators worldwide. The company focuses on accelerating and redefining mobile network economics transformation for communications service providers. The company provides various network function virtualization solutions, such as packet compute, radio access network, virtualizes evolved packet core, and virtualizes RAN.

With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, and Asia- Pacific, Latin America, and the Middle East & Africa. Some of itssubsidiaries are Ranzure Networks, Inc. (U.S.), Netonomy, Ltd. (Israel), and Aquto Corporation (U.S.).

Huawei Technologies Co., Ltd.

Huawei is a leading provider of ICT solutions. The company operates through four business segments, namely, Carrier Business, Enterprise Business, Consumer Business, and Others. It offers network function virtualization services like EC IoT solutions and intelligent computing services.

With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, and the Middle East & Africa. Some of its subsidiaries are Huawei Device Co., Ltd., Huawei Machine Co., Ltd., and Shanghai Huawei Technologies Co., Ltd.

Ribbon Communications, Inc.

Ribbon is a global leader in real-time communications delivering leading software solutions. The company operates through two business segments, namely, Product and Services. The company offers next-generation communication technologies, including internet protocol, session initiation protocol, unified communication software-defined WAN (SD-WAN), and communication platform as service. Ribbon offers various network function virtualization solutions& services, such as virtual mobile core, virtual internet protocol, next-gen intelligent edge, and mobile network evolution.

With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, Caribbean & Latin America, and the Middle East & Africa. Some of its subsidiaries are Genband LLC (U.S.), I Taqua Inc (U.S.), Network Equipment Technologies Inc (U.S.), and Performance Technologies Inc (U.S.).

Ciena Corporation

Ciena is a global supplier of telecommunication networking equipment, software, and services. With focused innovation, Ciena brings together the reliability and capacity of optical networking with the flexibility and economics of Ethernet, unified by a software suite that delivers the industry’s leading network automation. The company operates through four business segments, namely,Networking Platform, Platform Software & Services, Automation Software & Services, and Global Services. Furthermore, the company offers network function virtualization solutions like virtual evolved packet core, virtual Wi-Fi gateway, and virtual radio access network.

With its subsidiaries and a strong network of distribution, the company has its presence in North America, Caribbean and Latin America, Asia-Pacific, Europe, and the Middle East & Africa. Some ofits subsidiaries are Centina Systems (U.S.) and Packet Design (U.S.).

Popular Mentions: Metaswitch Networks, and NETSCOUT Systems

Authoritative Research on the Network Function Virtualization (NFV) Market – Global Opportunity Analysis and Industry Forecast (2020-2027)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

  • Recent financial performance
  • Key products
  • Significant company strategies
  • Partnerships and acquisitions

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