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4G/LTE Boom Propels Self-Organizing Networks (SON) Market to Unprecedented Growth

11-29-2023 06:04 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Self Organizing Network Market

Self Organizing Network Market

At present, North America is at the forefront of the market due to significant investments in network technologies and widespread internet penetration. Nevertheless, it is anticipated that Asia-Pacific will become the largest market, surpassing North America in the forecast period. This shift is attributed to the rapid growth of advanced cellular technologies like LTE/4G and the substantial increase in the subscriber base in the region.

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The global Self Organizing Network (SON) Market Report, released by Allied Market Research, projects a revenue of $8.3 billion by 2022, with a Compound Annual Growth Rate (CAGR) of 11.1% from 2016 to 2022. In 2015, North America led the SON market due to the early adoption of advanced network technologies, particularly in the U.S. and Canada. However, Asia-Pacific is anticipated to experience the highest growth during the forecast period.

Telecom operators are increasingly deploying SON for advantages like faster response times, improved network management, and self-healing capabilities. SON finds extensive use in various cellular networks, including 2G/3G and 4G/Long-Term Evolution (LTE). Established 2G/3G networks are expected to contribute more than two-thirds of the overall market revenue, driven by their extensive coverage. Nevertheless, the 4G/LTE segment is poised for rapid growth, with a projected CAGR exceeding 15.1%, fueled by accelerated SON deployment in the expanding 4G/LTE networks, particularly in developed nations.

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Among SON architectures, the centralized (C-SON) architecture is widely preferred by network operators globally. However, the hybrid self-organizing network segment (H-SON) is expected to witness the highest growth. H-SON combines features from S-SON and D-SON, offering optimization and real-time response in intricate network setups, driving its popularity during the forecast period.

The report outlines the competitive scenario of theself-organizing networks market, providing a comprehensive study of the key strategies adopted by major companies. Key companies profiled in the report are Telefonaktiebolaget LM Ericsson, Cellwize Wireless Technologies Pte Ltd., Airhop Communications, Inc., Amdocs Inc., Nokia Solutions and Networks, Cisco Systems Inc., NEC Corporation, Huawei Technologies Co., Ltd, Ascom Holding AG, and RadiSys Corporation.

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Key Insights:

• The 4G/LTE segment is poised for substantial growth, driven by the ongoing deployment of Self-Organizing Networks (SON) by network operators. This deployment aims to enhance network performance and elevate service quality.

• The centralized (C-SON) architecture stands out as the most widely adopted, projected to maintain a significant market share throughout the analysis period.

• The Heterogeneous SON (H-SON) architecture is forecasted to experience the most rapid growth in the coming years. Its ability to effectively manage diverse networks, reduce operational costs, and provide real-time responses to network issues contributes to its anticipated success.

• Asia-Pacific is anticipated to outpace North America, emerging as the frontrunner in the global SON market over the forecast period.

Access the full summary at: https://www.alliedmarketresearch.com/self-organizing-network-market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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