NFV Market is Set to Experience Revolutionary Growth by 2028
Global NFV Market: Dynamics
The factors driving the growth of the NFV market are reduction in the network’s operational expenditure (OpEx) and capital expenditure (CapEx), and reduced deployment time for new network elements.
The factors restraining the growth of the NFV market are legacy infrastructures, lack of standardization, and security issues. Also, the barriers to network function virtualization (NFV) is lack of defined business cases which can be one of the critical factors that can hamper the growth of the NFV market.
The growing adoption of NFV solution in the telecom sector due to the rising interest among operators to develop specialized network solutions by collaborating with suppliers is one of the latest trends in the global NFV market.
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