Mind Commerce, provider of customized research consulting, training, and writing services for the telecommunications and IT industry, released excerpts from its Network Functions Virtualization (NFV) market research report. The market research firm estimates that global spending on NFV solutions will grow at a CAGR of 46% between 2014 and 2019 and the NFV revenues will reach $1.3 Billion by the end of 2019. This report among others provides an in-depth assessment of the global NFV market, including a study of the business case, technology, use cases, vendor landscape, and a quantitative assessment of the industry from 2014 to 2019.
Highlights from the report;
Early NFV deployments will target virtualization of the mobile core (EPC) and IMS services
NFV IaaS will open a major opportunity for data center and cloud service providers to play a greater role in the telco services market
Mind Commerce estimates the NFV market to be worth $203 Million in 2014. Growing at a CAGR of 46 % between 2014 and 2019, NFV revenues will reach $1.3 Billion by the end of 2019
Companies with expertise in network virtualization technology as well as commodity hardware manufacturers such as Intel will significantly benefit from the commercialization of NFV
