International research firm IHS Markit has issued the new NFV Hardware, Software, and Services Annual Market Report about the network functions virtualization (NFV) market, in which it forecasts that the NFV market will be worth $15.5 billion by 2020.
As of 2015, the service provider NFV market stood at $2.7 billion. According to the report, this growth figure is a result of a shift in focus and investment to software and away from servers, storage and switch hardware.
The main value of NFV is in its applications, that is, the VNFs. According to Michael Howard, senior research director, Carrier Networks, at IHS Markit, “The service provider NFV market is larger than the software-defined networking (SDN) market throughout our forecast horizon of 2020, due to the pre-existing and ongoing VNF market.
“We expect strong growth in NFV markets in 2020 and beyond, driven by service providers’ desire for service agility and operational efficiency,” Howard added.
In anticipation of this growing demand in the NFV market, Telco Systems has expanded its library of VNF applications, which are used by service providers to deliver NFV-enabled IT management and security services to their enterprise customers.
Telco Systems currently offers VNF applications for security, routing, SD-WAN and WAN-optimization services from leading vendors, including Check Point, AudioCodes, Palo Alto Networks and Netrounds, and has recently successfully tested additional VNF applications with Cisco, Brocade, Juniper, Silver Peak, Riverbed and Fortinet.
Among others, Telco Systems is offering the following TelcoApps:
- vFirewall – Check Point Firewall, PaloAlto Networks Firewall and Fortinet Fortigate Firewall
- vRouter – virtual router application provides Layer3 routing functionality as a service at the service provider network edge
- vProbe – Netrounds’ Active Traffic Generation and Application Monitoring Probe embedded on Telco Systems CloudMetro node, which enables service providers to eliminate expensive fieldwork required for service assurance
In addition, Telco Systems recently completed a series of high profile proof-of-concept (PoC) trials of its OME solution at a number of Tier 1 service providers in the United States, Europe and Asia. During these PoCs, Telco Systems proved that the CloudMetro platform and its library of VNF applications support the high performance, carrier-grade multiple service chaining requirements of Tier 1 service providers.