“Self-Organizing Network Market by Offering (Software, Service), Network Segment (RAN, Core Network, Backhaul, Wi-Fi), Architecture (C-SON, D-SON, H-SON), Network Technology (2G/3G, 4G/LTE, 5G), and Geography – Global Forecast to 2023″
The market is expected to grow from USD 3.64 billion in 2018 to USD 6.39 billion by 2023, at a CAGR of 11.9% between 2018 and 2023. The high demand for wireless connectivity, along with the need to manage the growing network complexity with the increasing number of small cells are the major factors contributing to the growth of the SON market.
In this report, the self-organizing network (SON) market has been segmented on the basis of offering, network infrastructure, architecture, network technology, and geography. The need to manage the growing network complexity with the increasing number of small cells and high demand for wireless connectivity are the major factors driving the growth of the SON market.
SON is a solution applied in cellular networks for simplifying operational tasks through the automated mechanism of self-optimization, self-configuration, and self-healing. SON is an adaptive, resilient, and scalable solution that limits a human error, improves the user experience, and mitigates the performance degradation in mobile telecom networks.
The SON solution reduces CAPEX by optimizing the resource utilization, as well as reduces OPEX by limiting the human intervention in network designing, building, and optimization. Cisco (US), Nokia (Finland), Ericsson (Sweden), Amdocs (US), and Viavi Solution (US) are a few major players contributing to the growth of the SON market by continuously launching innovative products in the market.
Among all network technologies, the market for 5G-enabled SON solutions is likely to grow at the highest CAGR during the forecast period. 5G is 1,000 times faster than 4G, which would lead to a significant increase in the data transfer in the network and poised to increase network-related issues at users’ end. SON can be used to reduce the complexity through advanced automation. SON will support the launch of 5G technology with minimal failures in the network infrastructure. Thus, SON is critical for the successful launch of 5G.
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