The market in the United States is witnessing remarkable growth, driven by rapid 5G network deployment across the country. The United States telecom operators are using CNFs to deploy cutting-edge network features like network slicing. What Allows Cloud-Native Network Function to Become Popular over the Years? FMI Predicts the Global Market to surpass USD 74,341.0 million by 2034
NEWARK, DE / ACCESSWIRE / August 16, 2024 / In 2024, the cloud-native network function market is estimated to be worth USD 16,564.1 million. The market is projected to reach USD 74,341.0 million by 2034, expanding at 16.2% CAGR throughout the forecast period.
The rise of 5G and edge computing is significantly boosting the expansion of the cloud-native network functions (CNFs) market. These technologies require highly scalable and flexible network architectures, which CNFs provide. To effectively install and operate 5G services which are necessary for the Internet of Things, AR/VR, and driverless cars telecom operators are utilizing CNFs. The necessity for distributed network functions closer to end users is also being driven by edge computing, which highlights the significance of CNFs in contemporary network infrastructures.
Innovations in automation and orchestration, especially with in terms of technologies like Kubernetes, are important developments in the market for cloud-native network functions. These technologies enhance network implementation, scalability, and management, resulting in cost savings and increased operational efficiency. Telecom operators can use automation to manage complex network settings with minimal manual intervention, resulting in increased dependability and faster service delivery. Cloud-native network functions are becoming popular in the market due to their integration with automated orchestration tools, which is transforming network service provisioning, maintenance, and optimization.
The cloud-native network function market is experienced a major transformation towards security and compliance as network services become more distributed and cloud-based. In order to safeguard against advanced cyber threats, CNFs provide additional security features such network segmentation, encryption, and real-time monitoring. Additionally, by offering strong privacy and data protection safeguards, CNFs make regulatory standards easier to comply with. Organizations are adopting CNFs in order to ensure that their networks remain compliant and safe in the quickly changing digital landscape, as cybersecurity and regulatory compliance become increasingly important.
Key Takeaways for the Global Cloud-Native Network Function Market:
The cloud-native network function market in is predicted to reach USD 74,341.0 million by 2034, increasing at 16.2% CAGR.
With a market share of 35.1% for 2024, the public cloud CDF segment by type was estimated to dominate the cloud-native network function market.
With a CAGR of 16.9% for 2024 to 2034, the managed service provider (MSP) segment by end user is estimated to grow at the most significant rate over the forecast period for the cloud-native network function market.
Competition Outlook
The cloud-native network function market is highly competitive, with major players like Cisco Systems, Inc., Huawei Technologies Co., Ltd., Amazon Web Services, Inc., IBM Corporation, Dell Inc, F5, Inc., Broadcom, and ZTE Corporation.
The competitive landscape of the cloud-native network function market is recognized by rapid improvement, tactical partnerships, and various market players from traditional telecom equipment manufacturers to cloud service providers and specific software vendors. This dynamic environment replicates the fast-paced network technologies evolution and the growing demand for scalable, flexible, and effective network solutions.
Strategic alliances and collaborations are common in the cloud-native network functions market. Generally, software suppliers, cloud solution & services providers, telecom operators, and equipment manufacturers collaborate to deliver integrated solutions that suffice the complex needs of modern networks. For example, collaboration between cloud service providers and telecom operators can accelerate edge computing and 5G networks adoption. By enabling companies to capitalize on one another's advantages, these partnerships promote innovation and propel market expansion.
The dynamics and developments of the macro market also have an impact on the competitive landscape. The market for cloud-native network functions is mostly driven by the quick rollout of 5G, the growing demand for edge computing, and the drive for digital transformation in all industries. Businesses who can adjust to these changes and offer solutions that deal with the unique challenges and opportunities they present will probably gain a competitive edge. Additionally, the importance of sustainability and energy efficiency is growing, which has an impact on competitive tactics and product development. 
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Key Segments of Cloud-Native Network Function Industry
By Type:
In terms of type, the industry is divided into private cloud CNF, public cloud CNF, and hybrid cloud CNF.
By Enterprise Size:
In terms of enterprise size, the industry is divided into small & medium enterprises and large enterprises.
By End User:
The industry is classified by industry as managed service provider (MSP), telecom operators, internet service provider (ISP), data center operator, enterprises/corporate, and others.
By Region:
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and Middle East & Africa (MEA) have been covered in the report.
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting' at the ET Inspiring Leaders Awards 2022.
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