Technological Advancements to Accelerate Growth in Global Network Function Virtualization Market

Increasing demand for networking services is likely to expand the global network function virtualization market. Growing internet penetration, higher use of smart devices including smartphones, tablets, and other devices fueled the need for advanced networking services such as network function virtualization. Moreover, the mobile sector requires more data-intensive applications along with better network capacity to meet customer requirements. This factor will also fuel growth in the global network function virtualization market. Adding further, technological advancements and usage of switches, routers, optical transport, and mobile edges, due to enhanced performance and lowering costs will further boost the global network function virtualization market in the coming years. There are also high chances that network function virtualization might replace traditional network functions such as DHCP, DNS, and IPAM on the account of improved performance of telecom service providers. Moreover, deployment of network function virtualization will bring a structural change in the way a telecommunication infrastructure. It will further bring a considerable change in the manner applications are delivered to the service providers.