Advances in Technologies Widen Market Opportunities for Network Function Virtualization Use
Network function virtualization (NFV) represents the shiftof focus from hardware to software in the telecom industry, with operators making loftier investments in software than in storage, server, and switch hardware. The software segment accounted for a major share in the network function virtualization market in terms of revenue contribution. Geographically, this market is distributed over North America, Europe, Asia Pacific, Middle East &Africa (MEA), and Latin America.North Americadominated the global demand for network function virtualization in 2015 and is expected to retain its position over the forecast period, thus creating considerable opportunities for market players. The U.S. is a significant contributor to the growth of network function virtualization due to the superior technological infrastructure in the country and its acceptability of innovative and niche systems such as network function virtualization which are anticipated to experience rapid g...