Network Function Virtualization (NFV) Market Growth, Opportunities, Industry Applications, Analysis and Forecast To 2024 [MarketWatch]
ZTE CORP UNSP/ADR (ZTCOY)
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Source: MarketWatch
Increasing deployment of NFC technology due to the need of robust data management systems will fuel network function virtualization (NFV) market share over the ensuing years. Growing demand for atomization of orchestration and organization of computing resources, storage devices, and network are key driving factors in the development of NFV and Software Defined Networking (SDN) technologies. The requirement for data center virtualization and server consolidation will also contribute as the major factors augmenting NFV market forecast which predicts the industry share to exceed $70 billion by 2024. How will healthcare sector influence network function virtualization industry trends? healthcare sector is predicted to account for more than 15% of the network function virtualization market share by 2024. The growth can be attributed to the escalating penetration of virtualization technologies for managing massive healthcare IT networks. With a virtualized network, healthcare institut
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