The global market for virtual network functions has the potential to attain an approximate valuation of more than $25 billion by 2023, reports Market Research Future (MRFR). The market can also achieve a robust growth rate of 30% during the forecast period (2017-2023).
The global Integrated Telecom Infrastructure Market is expected to grow at a fast rate, as stated in the latest MRFR analysis. This is due to proliferated advancements in the 5G spectrum, improving demand for smartphones, and technological developments in the mobile communication technology.
Market Research Future (MRFR) has conducted a meticulous study on the global cloud content delivery network (CDN) market which is projected to experience a thriving CAGR of 28% throughout the forecast period 2017 to 2023. The study estimates that the market is expected to attain an approximate worth of $10 billion by the conclusion of 2023.
The call for advanced cellular network architecture is creating a favorable backdrop for expansion of the cloud radio access networks. The market is at the level to attain $14 Billion in income while developing an approximately 21 % CAGR by 2022.
The network slicing market is expected to gain traction due to the rise in demand for high-speed and large network coverage, increased growth in mobile data traffic volumes, increase in demand for broadband services over mobile network, and growing demand for the virtualization of networks.
Growing adoption of telco cloud and emerging applications such as smart buildings, industrial automation, and vehicle telematics are expected to boost the demand for the IoT telecom services market globally.
The call for advanced cellular network architecture is creating a favorable backdrop for the expansion of the cloud radio access networks. The market is expected to attain $14 Billion in income while developing at an astounding 21 % CAGR by 2022.