Network Functions Virtualization (NFV) Market: Business Case, Market Analysis and Forecasts 2015 - 2020: NFV revenues will reach $ 8.7 Billion

DUBLIN, Feb .10, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/l3cw7s/network_functions) has announced the addition of the "Network Functions Virtualization (NFV) Market: Business Case, Market Analysis and Forecasts 2015 - 2020" report to their offering.

Network Functions Virtualization (NFV) is a telecom led initiative that aims to utilize standard IT virtualization technology to consolidate many telecom network equipment types onto industry standard high volume servers, switches and storage. NFV involves implementing network functions in software that can run on a range of industry standard server hardware, and that can be moved to, or instantiated in, various locations in the network as required, without the need to install new proprietary equipment. With a promise to drive significant CapEx and OpEx reductions, NFV is poised to transform the entire telecom infrastructure ecosystem. It is estimated that the overall global market for NFV will grow at a CAGR of 83.1% between 2015 and 2020. NFV revenues will reach $ 8.7 Billion...