Article published by: https://www.sdxcentral.com/
Author: Sue Marek
Source URL: https://www.sdxcentral.com/articles/news/ihs-carrier-spending-nfv-will-top-37b-2021/2017/12/
Carrier network functions virtualization (NFV) is positioned to grow dramatically in the next four years. According to the new IHS Markit NFV biannual tracker, carrier NFV spending will top $37 billion in 2021 and have a compound annual growth rate (CAGR) of 30 percent between 2016 and 2021.
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Service providers also are expected to invest heavily in virtual customer premises equipment (vCPE). The study predicts that they will spend $2 billion on hardware and software for enterprise vCPE in 2021 and $293 million for consumer vCPE.
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