Network Functions Virtualization Market Size Report, 2030

The global network functions virtualization market size was estimated at USD 19.95 billion in 2021 and is projected to reach USD 167.03 billion by 2030, growing at a CAGR of 26.9% from 2022 to 2030. The growing need for an efficient and cost-effective network management system, rising adoption of telecom equipment and services across commercial and data center applications, the ever-increasing pace of network automation & virtualization technology adoption, and the server virtualization, cloud services, and growing data center consolidation is significantly contributing to the growth.
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