Dublin, March 5, 2021 (GLOBE NEWSWIRE) – The Network Function Virtualization (NFV) Market By Components, Virtualized Network Functions, Applications, End-Users – Global Forecast to 2027 “ Report was added ResearchAndMarkets.com Offer.

The Network Function Virtualization (NFV) market is forecast to reach US $ 122 billion by 2027 and grow at an annual growth rate of 34.9% over the forecast period from 2019 to 2027.

The growth of this market is mainly due to the increasing number of network complexities and the ever increasing demand for cloud-based services, the provision of IoT, security agility, cloud migration, the increasing demand for network virtualization and automation, and the need for an advanced network management system are the key drivers for the growth of the network function virtualization market.

However, the growing security concerns of NFV and the negative impact on the global economy from the COVID-19 pandemic are some of the main restraints on the growth of network function …

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