IMARC Group, a leading market research company, has recently releases report titled “Self-Organizing Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global self-organizing network market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the self-organizing network market?
The global self-organizing network market size reached US$ 5.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 11% during 2023-2028.
What is self-organizing network?
A self-organizing network (SON) is an intelligent mobile solution that manipulates complex network operations to ensure smooth functioning and enhance network performance. An efficient SON system is usually designed to plan, configure, manage, diagnose, and troubleshoot network errors through advanced automated configurations.
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What are the growth prospects and trends in the self-organizing network industry?
The key factor driving the global self-organizing network market is the various benefits offered by SON, including reduced cost of operation, improved customer satisfaction, and effective traffic management and load balancing. Owing to this, SON solutions find wide-ranging applications in various sectors such as e-commerce, advertising, media, entertainment, and healthcare. Besides this, the rising demand for advanced systems to manage network complexities has led to the widespread adoption of SON across the globe. Furthermore, improvements in the information technology (IT) infrastructure, along with integration with the 5G spectrum and the Internet of Things (IoT) that aid in network management, fault management and optimizing coverage, capacity and network performance, act as another growth-inducing factor propelling the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Offering:
- Software
- Services
Breakup by Network Infrastructure:
- Core Network
- Radio Access Network
- Backhaul
- Wi-Fi
Breakup by Architecture:
- Centralized Self-Organizing Networks
- Distributed Self-Organizing Networks
- Hybrid Self-Organizing Networks
Breakup by Network Technology:
- 2G/3G
- 4G/LTE
- 5G
Breakup by Application:
- Speech Coding
- Authentication and Network Security
- Wireless Application Protocol
- Application in 3G System
- Intermachine Communication
- Global Positioning System
- Gaming
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Airhop Communications Inc.
- Airspan Networks Inc.
- Amdocs Inc.
- Cellwize Wireless Technologies Pte Ltd.
- Cisco Systems Inc.
- Comarch SA
- Ericsson
- Huawei Technologies Co. Ltd.
- Nokia
- Qualcomm Incorporated
- Siemens Aktiengesellschaft
- Teoco Corporation
- Viavi Solutions Inc.
- ZTE Corporation
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