Network Function Virtualization (NFV) Technology 2017–25 Forecast

June 15, 2020  | Subscribers Only

Stephanie Gibbons Stephanie Gibbons Principal Analyst, Network Infrastructure and Software
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Omdia's NFV technology forecast represents the sum total of multiple regional and software product forecasts. Starting from an estimated $17 billion in 2019, the market for global NFV software and services is projected to hit $45 billion in 2025. Drivers for the forecast are 5G commercialization, network agility, lower costs, and service delivery at the edge.

It is likely the NFV investment will slow over the next several months in response to the COVID-19 pandemic. However, Omdia believes operators cannot lose sight of the long-term need for network virtualization, with NFV as one of the key building blocks. A cloud-native network infrastructure that supports containerized network functions, edge compute, network slicing, and E2E orchestration is going to be fundamental to compete in 5G. NFV and other carrier software investments should continue.

Stephanie Gibbons

Principal Analyst, Network Infrastructure and Software

Stephanie Gibbons is a principal analyst in Omdia's Network Infrastructure and Software team, and specializes in service providers' network upgrade strategies.

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