Five Year Worldwide Forecasts for Communications Service Provider Spending by NFV Use Case to 2023

DUBLIN, June 19, 2020 /PRNewswire/ -- The "NFV Use Cases: Worldwide Forecast 2019-2023" report has been added to's offering.

Communications service provider investment in network functions virtualisation use cases will grow to USD16.6 billion worldwide in 2023, at a CAGR of 41%, led by vPacket Core-, vIMS- and vCPE-based services.

There was a significant increase in the number and scale of network functions virtualisation (NFV) deployments in 2019, particularly in the mobile core domain. 5G preparations and roll-outs will be the major driver of new NFV investments in vPacket Core and vIMS/VoLTE. vCPE spending will have the highest growth rate (CAGR 54%) as communications service providers (CSPs) gain operational expertise, simplify and automate service ordering and increase education in the enterprise market.

This report takes the impact of the COVID-19 pandemic into account.

This report provides:

A detailed, 5-year worldwide forecast for CSP spending by NFV use case, split into:

    --  four use case categories: vEPC, vIMS, vCPE and other use cases
    --  four service types: consumer mobile, consumer fixed, business mobile and
        business fixed
    --  three market sub-segments: software, hardware and professional services
    --  eight geographical regions: Central and Eastern Europe (CEE), developed
        Asia-Pacific (DVAP), emerging Asia-Pacific (EMAP), Latin America
        (LATAM), the Middle East and North Africa (MENA), North America (NA),
        Sub-Saharan Africa (SSA) and Western Europe (WE)

An examination of the key market drivers and inhibitors, and how they will change during the forecast period.

Recommendations for CSPs and vendors.

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