|By Business Wire||
|March 10, 2014 01:02 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/6zcfhn/global_network) has announced the addition of the "Global Network Function Virtualization Market 2014-2018" report to their offering.
The analysts forecast the Global Network Function Virtualization market to grow at a CAGR of 51.57 percent over the period 2013-2018. One of the key factors contributing to this market growth is the astronomical growth in bandwidth-intensive applications. The Global Network Function Virtualization market has also been witnessing the decline in revenue per bit. However, the delay in the adoption could pose a challenge to the growth of this market.
Key vendors dominating this space are Alcatel-Lucent SA, Ericsson AB, Huawei Technologies Co. Ltd., and Nokia Solutions and Networks Oy.
Other companies mentioned in the report are 6WIND SA, Amdocs Inc., CIMI Corp., Connectem Inc., ConteXtream Inc., F5 Networks Inc., Intel Corp., Juniper Networks Inc., NEC Corp., Openwave Mobility Inc., Opera Software Asa, and Oracle Corp.
Commenting on the report, an analyst from the team said: Currently, access ports on the server and switching intelligence are the software that is primarily implemented around the globe. In 2012, the number of virtual ports deployed exceeded the number of physical access ports globally.
According to the report, there are several factors driving the growth of the Global NFV market, one of which is the increasing demand for data services. Over the past couple of years, the global Mobile Communication industry has witnessed unprecedented demand for data-intensive applications, demanding for appropriate network capacity to maintain satisfactory user experience. Industries, operators, equipment manufacturers, user device vendors, and application programmers across the globe are actively working toward preventing capacity exhaustion and delivering the best user experience.
Further, the report states that one of the main challenges is the delay in the adoption of the technology. Solutions such as SDN and NFV are considered the promising solutions, and several companies around the globe have these applications in their roadmap.
For more information visit http://www.researchandmarkets.com/research/6zcfhn/global_network
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.