Self-Organizing Network Market: Comprehensive Analysis of Industry Trends, Technological Innovations, Market Size, Growth Factors, and Future Forecasts

The new report published by The Business Research Company, titled Self-Organizing Network Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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)

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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.

Contents of the report:
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

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