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$6.39 Bn Self-Organizing Network Market by Offering, Network Segment, Architecture, Network Technology and Geography - Global Forecast to 2023 - ResearchAndMarkets.comThe "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" report has been added to ResearchAndMarkets.com's offering. The SON 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. Virtualization of mobile networks, along with the high demand for wireless connectivity, is driving the growth of the SON market. Further, the need to manage the growing network complexity with the increasing number of small cells is contributing to the growth of the SON market. However, the requirement of huge capital investment for the deployment of SON, along with security concerns with the implementation of open APIs may restrict the market growth. The SON market for 4G network technology is expected to hold the largest market share by 2023. SON was first introduced for 4G/LTE (News - Alert) technology. With the proper rollout of LTE across deveoping economies, 4G SON solutions have been adopted; therefore, the market 4G SON is expected to grow at a significant CAGR during the forecast period and surpass 2G/3G SON. The market for SON services is expected to grow at a significant CAGR during the forecast period. This is due to the fact that once the software is deployed in a network, it requires only maintenance and updating services. As the lifecycle of any SON software is long, several companies implementing the SON software enter into multi-million dollar, long-term service contracts. SON services involve product-based add-on services, such as software maintenance, upgrading, and training and consultancy services. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 SON Market, By Offering 7 SON Market, By Network Infrastructure 8 SON Market, By Architecture 9 SON Market, By Network Technology 10 Geographic Analysis of SON Market 11 Competitive Landscape 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/9v37qs/6_39_bn?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180823005723/en/ |
