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Self-Organizing Network Market to Witness Huge Growth by Key Players: Airspan, TEOCO, Ericsson, Cisco, Amdocs, Huawei, NEC, Nokia, Rohde & Schwarz, Qualcomm, VIAVI Solutions, Cellwize and Others.

04-23-2020 04:00 PM CET | IT, New Media & Software

Press release from: ReportsandReports

Self-Organizing Network Market to Witness Huge Growth by Key

According to Market Study Report, Self-Organizing Network Market provides a comprehensive analysis of the Self-Organizing Network Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Self-Organizing Network Market. An exclusive data offered in this report is collected by research and industry experts team.

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The SON 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. This report spread across 121 pages, profiling 10 companies and supported with 65 tables and 38 figures are now available in this research.

Top Key Players profiled in the Self-Organizing Network Market:
o Airspan (US)
o TEOCO (US)
o Ericsson (Sweden)
o Cisco (US)
o Amdocs (US)
o Huawei (China)
o NEC (Japan)
o Nokia (Finland)
o Rohde & Schwarz (Germany)
o Qualcomm (US)
o VIAVI Solutions (US)
o Cellwize (Singapore)
o BLiNQ Networks (Canada)
o Bwtech (Brazil)
o Comarch (Poland)
o Casa Systems (US)
o Airhop (US)
o CCS Ltd. (UK)
o CommScope (US)
o P.I. Works (Turkey)

"The SON market for 4G is expected to hold the largest share by 2023"
The SON market for 4G network technology is expected to hold the largest market share by 2023. SON was first introduced for 4G/LTE technology. With the proper rollout of LTE across developing economies, 4G SON solutions have been adopted; therefore, the market 4G SON is expected to grow at a significant CAGR during the forecast period and surpass 2G/3G SON.

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"The market for SON services is expected to witness significant growth from 2018 to 2023"
The market for SON services is expected to grow at a significant CAGR during the forecast period. This is due to the fact that once the software is deployed in a network , it requires only maintenance and updating services. As the lifecycle of any SON software is long, several companies implementing the SON software enter into multi-million dollar, long-term service contracts. SON services involve product-based add-on services, such as software maintenance, upgrading, and training and consultancy services.

"Asia Pacific is likely to surpass the North American market during the forecast period"
Asia Pacific is expected to surpass North America to become the largest market for SON software and services. This is mainly attributed to the growing number of planned deployments of LTE networks in emerging economies of APAC. The strong support for LTE in APAC has started to compete for the early influence that North American operators have on the device and network vendors.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 58%, Tier 2 - 30%, and Tier 3 - 12%
o By Designation :C-Level Executives - 29% and Managers - 71%
o By Region: North America - 40%, APAC -31%, Europe - 22%, and RoW - 7%

Competitive Landscape of Self-Organizing Network Market
1 Overview
2 Ranking Analysis
3 Competitive Scenario
3.1 Product Launches and Developments
3.2 Mergers and Acquisitions
3.3 Partnerships, Collaborations, and Strategic Alliances
3.4 Contracts

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Research Coverage:
This research report segments the global SON market on the basis of offerings, network infrastructure, architecture, network technology, and geography. The report discusses major drivers, restraints, challenges, and opportunities pertaining to the SON market and also includes value chain and market ranking analysis.

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