Global telecom providers are accelerating their adoption of Network Functions Virtualization (NFV) to increase network agility and mitigate costs. OpenStack has emerged as the NFV infrastructure platform of choice, according to a new released report from The OpenStack Foundation.
The report discusses the adoption and business cases driving NFV deployment among the world’s leading telecom providers.
Some highlights:
- NFV is changing the networking landscape by offering telecom providers a way to significantly diminish reliance on expensive, proprietary hardware.
- NFV dramatically increases the speed and agility with which new network services are provisioned for clients when compared with traditional networks that rely on proprietary, purpose-specific networking hardware.
- Telecom providers are the driving force behind the development of NFV technology, which leverages cloud computing, software and automation for networking infrastructure. NFV promises to expand the portfolio of revenue-producing services and reduce CapEx and OpEx burdens.
- The adoption of NFV is considered to be in its early stages, but the NFV market is projected to grow dramatically.
- Infonetics Research forecasts a fivefold increase in the NFV market, reaching $11.6 billion by 20191.
- SNS Research estimates a compound annual growth rate of 54 percent between 2015 and 20202.
- A 2015 Heavy Reading global survey found that nearly 60 percent of telecommunication professionals are actively exploring NFV.
- AT&T, Bloomberg LP, China Mobile, Deutsche Telekom, NTT Group, SK Telekom and Verizon are among the organizations documented using OpenStack and NFV in the new report.
Titled “OpenStack Foundation Report: Accelerating NFV Delivery with OpenStack,” the report was developed by an OpenStack community team comprising telecommunications company representatives and other telecom-focused members. The report is available to download free of charge from the OpenStack website.