IHS Markit: NFV market to be worth over $15B by 2020

IHS Markit predicted that the global network functions virtualisation (NFV) market, which includes NFV hardware, software and services, would be worth $15.5 billion (€14 billion) by 2020. The research company said the service provider NFV market would increase by a compound annual growth rate (CAGR) of 42 per cent from $2.7 billion in 2015. NFV represents the shift in the telecom industry from a hardware focus to a software focus, with operators making much larger investments in software than in server, storage and switch hardware. NFV software will comprise 80 per cent of the $15.5 billion total in 2020, or around $4 out of every $5 spent on NFV, IHS Markit added. Report

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.