Connected Things – Report: Using Extended Reality in Self-Organizing Network Market For 2023

Self-Organizing Network Market by Offering (Software, Service), Network Segment (RAN, Core Network, Backhaul, Wi-Fi), Architecture (C-SON, D-SON, H-SON), Network Technology (2G/3G, 4G/LTE, 5G), and Geography – Global Forecast to 2023″, the market is expected to grow from USD 3.64 billion in 2018 to USD 6.39 billion by 2023, at a CAGR of 11.9% between 2018 and 2023. The high demand for wireless connectivity, along with the need to manage the growing network complexity with the increasing number of small cells are the major factors contributing to the growth of the SON market.

The demand for SON software due to the upcoming 5G and growth of 4G technology is expected to grow significantly over the next 5 years. SON was significantly used by the operator for 3G/HSPA+ optimization initially. With the proper rollout of LTE across developing economies, 4G SON solutions have been adopted; therefore, the market 4G SON systems is expected to grow at a significant CAGR during the forecast period.

The market for services pertaining to SON offerings is expected to grow at the highest CAGR from 2018 to 2023 owing to the growing importance of post-sales services, including training and installation services, with respect to SON solutions. The SON software has considerably long lifecycle; however, service providers need to regularly update this software to enhance functionalities, provide new features, and offer users with the latest experience.

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Asia Pacific is expected to surpass North America to become the largest market for SON software and services by 2023. This is mainly attributed to the growing number of planned deployments of LTE networks in emerging economies of APAC.

The need for huge capital investment for the deployment of SON solutions is anticipated to restrict the market growth primarily for a small telecom service provider. Further, limited in-house skillset to manage SON is expected to pose challenges to market players.

Airspan (US), TEOCO (US), Ericsson (Sweden), Cisco (US), Amdocs (US), Huawei (China), NEC (Japan), Nokia (Finland), Rohde & Schwarz (Germany), Qualcomm (US), VIAVI Solutions (US), Cellwize (Singapore), BLiNQ Networks (Canada), Bwtech (Brazil), Comarch (Poland), Casa Systems (US), Airhop (US), CCS Ltd. (UK), CommScope (US), and P.I. Works (Turkey) are a few key players in the SON market. These players adopted strategies such as product launches and developments, acquisitions, partnerships, collaborations, and contracts to grow in the market.

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