Press Release

Witness The Excellent Long-Term Growth Outlook Of Self-Organizing Network Market 2023 ($6.39 billion Market)

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.

The demand for SON software due to the upcoming 5G and growth of 4G technology is expected to grow significantly over the next 5 years. SON was significantly used by the operator for 3G/HSPA+ optimization initially. With the proper rollout of LTE across developing economies, 4G SON solutions have been adopted; therefore, the market 4G SON systems is expected to grow at a significant CAGR during the forecast period.

Download PDF Here: https://www.marketsandmarkets.com/pdfdownload.asp?id=36133461#utm_source=PR&utm_medium=7278&utm_campaign=7278

The market for services pertaining to SON offerings is expected to grow at the highest CAGR from 2018 to 2023 owing to the growing importance of post-sales services, including training and installation services, with respect to SON solutions. The SON software has considerably long lifecycle; however, service providers need to regularly update this software to enhance functionalities, provide new features, and offer users with the latest experience.

The SON market for 5G to grow at the highest CAGR from 2018 to 2023

Among all network technologies, the SON market for 5G 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 complexity through advanced automation. SON will support the launch of 5G technology with minimal failures in the network infrastructure.

Asia Pacific to hold the largest share of the SON market by 2023

Asia Pacific is expected to hold the largest share of the SON market by 2023. Asia Pacific may witness high mobile data, traffic rate due to the growing number of planned deployments of LTE networks and upcoming 5G. The region has also witnessed growth in the adoption of smart devices and internet connections. These factors lead to the increased complexity of the network. Hence, the implementation of SON solutions is necessary to boost the network capacity, and reduce the complexity of the network in a cost-effective manner.

For more information visit: https://www.marketsandmarkets.com/Market-Reports/self-organizing-network-market-36133461.html#utm_source=PR&utm_medium=7278&utm_campaign=7278

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441.

Skip to toolbar