Analyst firms continue to report data backing growing demand for network functions virtualization across the telecom space. The latest comes from IHS, which this week noted the global market for NFV hardware, software and services is set to surge from $2.3 billion this year to $11.6 billion in 2019. The numbers come from IHS’ latest “NFV Hardware, Software and Services” report. The firm claims service providers are still “early” in their transformation towards virtualized network platforms, which it said is a 10- to 15-year process. Revenues from outsourced services geared towards NFV projects is expected to post a 71% compound annual growth rate from 2014 to 2019, with revenue from software-only video content delivery network functions for managing and distributing data forecast to grow 30-fold between 2015 and 2019.
by Affirmed Networks