Press release
4G/LTE Boom Propels Self-Organizing Networks (SON) Market to Unprecedented Growth
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.Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1409
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.
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