Self-Organizing Network Global Market Reach $13.1 Billion at a CAGR of 15.2% By 2028, Key Factors behind Market's Exponential Growth

"""The Business Research Company recently released a comprehensive report on the Global Self-Organizing Network Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Self-Organizing Network Market 2024 Key Insights:

• 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%.
• Navigating The Mobile Data Traffic Surge In Self-Organizing Networks Market
• Advancements In Self-Organizing Networks With Smart Wi-Fi Solutions
• North America was the largest region in the self-organizing Network market in 2023

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