BANGALORE: HP today introduced OpenNFV, a comprehensive Network Functions Virtualization (NFV) program designed to help the telecommunications industry accelerate innovation and launch new services faster, easier and with less expense through the virtualization of telecommunications core networks and network functions.

The telecommunications industry is facing competitive pressure from over-the-top (OTT) players who are more agile, flexible and able to roll out revenue-generating services and appliances much faster than the communications service providers (CSPs). Additionally, CSPs are faced with the rapid growth of rich media applications, which is slowing voice revenue and exploding network traffic.

“NFV represents one of the most significant shifts the telecommunications industry has experienced in 20 years,” said Som Satsangi, vice president, Sales, Enterprise Group, HP India. HP’s OpenNFV Program combines HP’s technology leadership with a strong partner ecosystem to enable our customers to leverage new market opportunities faster while managing spiraling costs.”

According to Ovum, OTT social messaging applications cost CSPs $32.5 billion in lost SMS revenues in 2013, which is predicted to reach $54 billion by 2016.(1) Additionally, in 2018, OTT VoIP providers will have cost the global telecoms industry $63 billion in lost revenues.(2)

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