Self-Organizing Network Market Worth $6.39 Billion by 2023

PUNE, India, August 16, 2018 /PRNewswire/ --

According to the new research report on the "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", published by MarketsandMarkets™, 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.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 65 market data Tables and 38 Figures spread through 121 Pages and in-depth TOC on "Self-Organizing Network Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/self-organizing-network-market-36133461.html

Early buyers will receive 10% customization on this report 

The service segment to hold the largest size of the SON market by 2023 

The service segment is expected to dominate the SON market 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 into multi-million dollar, long-term service contracts.

The SON market for 5G to grow at the highest CAGR from 2018 to 2023 

Among all network technologies, the SON market for 5G is likely to grow at the highest CAGR during the forecast period. 5G is 1,000 times faster than 4G, which would lead to a significant increase in the data transfer in the network and poised to increase network-related issues at users' end. SON can be used to reduce complexity through advanced automation. SON will support the launch of 5G technology with minimal failures in the network infrastructure.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=36133461

Asia Pacific to hold the largest share of the SON market by 2023 

Asia Pacific is expected to hold the largest share of the SON market by 2023. Asia Pacific may witness high mobile data, traffic rate due to the growing number of planned deployments of LTE networks and upcoming 5G. The region has also witnessed growth in the adoption of smart devices and internet connections. These factors lead to the increased complexity of the network. Hence, the implementation of SON solutions is necessary to boost the network capacity, and reduce the complexity of the network in a cost-effective manner.