Shulou(Shulou.com)06/02 Report--

The original concept of Network function Virtualization (NFV) was to help communications service providers easily add new network features or applications. It creates a faster way to design, distribute, and run web services.

According to the latest Telecoms.com2018 annual industry survey, nearly 79% of telecom professionals regard Network function Virtualization (NFV) as a key strategic focus for the next five years. The study, sponsored by F5 Networks, shows how the impact of NFV on the telecommunications industry has increased.

"A more competitive digital economy requires applications and network services to be delivered at unprecedented speed, scale and agility." Said Bart Salaets, director of EMEA solution architecture at F5 Networks.

The potential of NFV

The benefits of implementing NFV include increased flexibility of networks and services, automation to increase operational efficiency, and reduced operating costs.

"Service providers are under tremendous pressure to optimize their data and video network traffic to maximize network efficiency, generate revenue, and maintain and improve the quality of user experience. In the context of digital transformation and rapidly changing Internet of things applications, service providers are increasingly deploying NFV to create new services and business models to increase service flexibility, drive innovation through automation, and achieve greater cost efficiency and operational flexibility. " Bart Salaets said.

According to the NFV industry report released by Global Market Insights, the NFV market is expected to exceed $70 billion by 2024. Another future study from Market Research shows that the NFV market grew to $19 billion between 2018 and 2022.

NFV is also known as a tool to reduce capital expenditure while improving network performance and reliability.

What are the challenges?

In Telecoms.com 's annual industry survey, more than 60 per cent of respondents said they did not adopt the procurement method of NFV solutions.

"the perception of implementation and procurement methods is still challenging. The industry needs a simpler, automated process," Bart Salaets said.

In addition, there is a concern about implementing NFV solutions. According to the survey, only 8% of respondents thought that NFV was easy to implement as planned, while more than 22% of respondents encountered more difficulties than expected.

"the NFV architecture has the potential to provide the necessary network flexibility to support new service delivery models and elastic network extensions, thereby reducing the total cost of ownership. However, this potential can only be realized if solutions deployed on the NFV architecture are easily integrated into the automation and orchestration tool chain," Bart Salaets said.

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