Telecom service providers are facing a squeeze on profits despite new services based on faster network technologies like 5G and fiber.
A Forbes article by NFWare CEO Alexander Britkin highlights how network functions virtualization (NFV) is growing as a solution to reduce expenses and create a more flexible network.
NFV replaces legacy hardware appliances with software applications running on commercial servers which dramatically reduces costs. This also opens the door to more competition and innovation in the network services space.
The article explores how NFV works and the benefits of NFV, including:
- Reduced capital and operating expenses
- Faster time to market for new services
- Increased network automation and autonomy
- Improved scalability
In the article these high level benefits were made real with a comparison between
virtual CGNAT and legacy CGNAT looking at the cost efficiency, scalability, deployment speed and flexibility benefits of each approach.