Self-Organizing Network Market Size, Growth, and Forecast 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Self-Organizing Network Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $13.1 billion In 2028 At A CAGR Of 15.2% :

The self-organizing network market size has grown rapidly in recent years. It will grow from $6.47 billion in 2023 to $7.45 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to increasing mobile data traffic, demand for network optimization, complexity of network management, cost efficiency requirements, and growing adoption of cloud computing.

The self-organizing network market size is expected to see rapid growth in the next few years. It will grow to $13.1 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to the rise in virtualization and software-defined networking, the proliferation of connected devices, the demand for autonomous network management, the acceleration of digital transformation initiatives, and the and the emphasis on energy efficiency and sustainability. Major trends in the forecast period include increased automation in network operations, a shift towards dynamic and adaptive network architectures, the rise of self-healing networks, the growing use of predictive analytics for network optimization, and the and the integration of network slicing for customized services.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=15140&type=smp

Self-Organizing Network Market Major Segments
The self-organizing network market covered in this report is segmented -

1) By Offering: Software, Service
2) By Network: Radio Access Network (RAN), Wi-Fi, Core Network, Backhaul
3) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
4) By Application: Network Security And Authentication, Wireless Application Protocol (WAP), Intermachine Communication, Global Positioning System, Gaming, Other Applications
5) By End-User: Telecommunications, Manufacturing, Retail, Healthcare, Banking, Financial Services, And Insurance (BFSI)

Key Driver - Navigating The Mobile Data Traffic Surge In Self-Organizing Networks Market

The exponential growth in mobile data traffic is expected to drive the self-organizing network market going forward. Mobile data traffic refers to the volume of data transmitted over cellular networks by mobile devices such as smartphones, tablets, and other connected gadgets. The rise in mobile data traffic is propelled by increasing smartphone penetration, rising demand for streaming services, the proliferation of Internet of Things (IoT) devices, and advancements in mobile network technology. Self-organizing networks facilitate exponential growth in mobile data traffic by dynamically optimizing network resources, improving coverage, and enhancing overall network efficiency. For instance, in March 2024, according to the mobility report published by Telefonaktiebolaget LM Ericsson (Ericsson), a Sweden-based networking and telecommunications company, total global mobile data traffic, excluding fixed wireless access (FWA), is anticipated to increase from 130 EB per month in 2023 to approximately 403 EB per month by 2029, marking a growth factor of around 3x. Therefore, the exponential growth in mobile data traffic drives the self-organizing network market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=15140&type=smp

Prominent Trend - Advancements In Self-Organizing Networks With Smart Wi-Fi Solutions

Major companies operating in the self-organizing network market are intensifying their efforts toward smart Wi-Fi solutions to enhance their product offering and to provide a highly scalable platform. Smart Wi-Fi solutions refer to advanced wireless networking technologies and systems that offer enhanced features, capabilities, and management functionalities beyond traditional Wi-Fi networks. For instance, in October 2021, HCL Technologies Limited, an India-based IT consulting company, launched HCL SMARTWiFi. It is a Wi-Fi management platform targeted at communication service providers (CSPs) who deliver Wi-Fi services. HCL SMARTWiFi is a cloud-native, containerized, highly scalable platform allowing large-scale Wi-Fi access point deployments. The platform offers a far lower total cost of ownership than traditional offerings and includes a selection of access points from several leading Wi-Fi access point vendors. The platform also provides integration with operation support and business support systems (OSS/BSS) network components for CSPs. The platform is part of HCL Telecommunications portfolio, which includes products for Self-Organizing Networks (SON), Network Device Management, Network Function Virtualization (NFV) acceleration, and Modem IP for Front/Mid/Back haul of 5G traffic.

Self-Organizing Network Market Players
Major companies operating in the self-organizing network market report are Verizon Communications Inc.; Huawei Technologies Co. Ltd.; Siemens AG; Cisco Systems Inc.; Qualcomm Incorporated; Telefonaktiebolaget LM Ericsson; Nokia Corporation; NEC Corporation; ZTE Corporation; Corning Incorporated; Commscope; Amdocs Inc.; Rohde & Schwarz; Viavi Solutions Inc.; Comarch SA; Ascom Holding AG; Infovista; Casa Systems; Teoco Corporation; RadiSys Corporation; Airspan Networks Inc.; Cambridge Communication Systems Ltd. (CCS); Blinq Networks; Hughes Systique Corporation; RED Technologies; P.I. Works; Airhop Communications Inc.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/self-organizing-network-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the self-organizing Network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self-organizing network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Self-Organizing Network Market Report Structure
3. Self-Organizing Network Market Trends And Strategies
4. Self-Organizing Network Market - Macro Economic Scenario
5. Self-Organizing Network Market Size And Growth
…..
27. Self-Organizing Network Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.