Global Self-Organizing Network Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

A self-organizing network (SON) is an automated system in telecommunications that adjusts and optimizes network parameters without manual intervention. It is used to improve network performance, enhance coverage, and minimize interference in wireless communication systems.

Sizing and Forecast

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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Segmentation & Regional Insights

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)

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.

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Major Driver Impacting Market Growth

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.

Key Industry 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.

The self-organizing network market report table of contents includes:

1. Executive Summary

2. Self-Organizing Network Market Characteristics

3. Self-Organizing Network Market Trends And Strategies

4. Self-Organizing Network Market – Macro Economic Scenario

5. Global Self-Organizing Network Market Size and Growth

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32. Global Self-Organizing Network Market Competitive Benchmarking

33. Global Self-Organizing Network Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Self-Organizing Network Market

35. Self-Organizing Network Market Future Outlook and Potential Analysis

36. Appendix