Network Function Virtualization market in Asia Pacific

The most exciting is to observe that, Telcos in Asia Pacific are actively virtualizing their network architecture. A streamlined development can be observed from open source communities, such as OPNFV and ONAP, as well as from individual efforts by telcos.

ABI Research forecasts the network function virtualization (NFV) market in Asia Pacific will grow to $US9.24 billion in 2022.

The firm also reveals that, Japan is the largest single market within the Asia Pacific region, constituting 25.7% of the total revenue. This is followed by South Korea and China, respectively at 22.7% and 14.6% respectively.

“Japan leads in the region, not only because of the desire to design resilient and reliable networks in preparation for future disaster threats, but also to prepare for the 2020 Summer Olympics,” said Lian Jye Su, Senior Analyst at ABI Research.