$8.1 Billion Worldwide Network Function Virtualization Industry to 2027 - Impact of COVID-19 on the Market
DUBLIN, Feb. 15, 2021 /PRNewswire/ -- The "Network Function Virtualization - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 8th edition of this report. The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
The Network Function Virtualization market in the U.S. is estimated at US$2.4 Billion in the year 2020. The country currently accounts for a 29.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$8 Billion in the year 2027 trailing a CAGR of 27.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.8% and 24.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20% CAGR while Rest of European market (as defined in the study) will reach US$8 Billion by the year 2027.
Information Technology Segment Corners a 40.2% Share in 2020
In the global Information Technology segment, USA, Canada, Japan, China and Europe will drive the 31.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected size of US$17.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.5 Billion by the year 2027.
Competitors identified in this market include, among others:
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS
For more information about this report visit https://www.researchandmarkets.com/r/ngdt67
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