PUBLISHER: Orion Market Research | PRODUCT CODE: 1296879
PUBLISHER: Orion Market Research | PRODUCT CODE: 1296879
Title:Global Self-Organizing Network (SON) Market Size, Share & Trends Analysis Report by Offering (Software, and Services), by Network Infrastructure (Core Network, RAN, Backhaul, and WiFi), by Architecture (Centralized, Distributed, and Hybrid), and by Network Technology (2G/3G, 4G, and 5G) Forecast Period (2023-2030).
Global self-organizing network (SON) market is anticipated to grow at a CAGR of 11.0% during the forecast period (2023-2030). The industry growth is driven by the increasing network complexity and the growing need for improved quality of service, and time efficiency. In addition, the growing deployment of private networks and increasing demand for self-organizing networks for bandwidth and performance is anticipated to propel the growth of the self-organizing network market. For instance, in February 2023, Airspan Networks Holdings Inc., a provider of software and hardware for 5G networks and end-to-end Open RAN solutions, announced a major deployment milestone of 120 eNodeB base stations in collaboration with NextWave's ongoing New York Metro Private Network rollout. Airspan's AirHarmony4000 eNodeB units play a prominent role in providing 4G LTE coverage for the wide-area private network, serving mission-critical services and reaching nearly 15 million people in 2023. This deployment to provide seamless transitions between 5G and 4G+5G coverage along with high levels of security and performance contributes to the growth and advancement of the self-organizing private network market.
The global self-organizing network market is segmented based on its offering, network infrastructure, architecture, and network technology. Based on the offering, the market is segmented into software and services. The network infrastructure segment includes the core network, RAN (Radio Access Network), backhaul, and WiFi. The architecture segment is categorized into centralized, distributed, and hybrid. Furthermore, the market is segmented based on network technology into 2G/3G, 4G, and 5G. Among the architecture segment, the hybrid subsegment is anticipated to grow owing to an increased need to self-manage networking and provide quality and seamless services on networks.
Among the offerings segment, the service sub-segment is anticipated to register significant growth for the forecast period. The growth of the service sub-segment is attributed to factors such as specialized expertise, integration support, performance optimization, and network maintenance. They assist network operators in implementing self-organizing network solutions, ensuring efficient network performance, compatibility, and ongoing reliability. This demand for services drives the growth of the sub-segment in the market.
Regional Outlooks
The global self-organizing network market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The Asia-Pacific region is projected to witness considerable growth in the self-organizing network market owing to the presence of a large consumer base and the increasing complexity of networks.
Global Self-Organizing Network Market Growth, by Region 2023-2030
Source: OMR Analysis
The North American region is anticipated to hold a significant share of the global self-organizing network market. Factors such as increasing demand for seamless connectivity, and the presence of many key players in the region. Major players such as Airspan, TEOCO Corp., Amdocs Ltd., CommScope Holding Company, Inc., AirHop Communications, Inc., and others are headquartered in the US. These players are coming up with new and enhanced solutions and programs to cater to their offerings for complex network requirements. For instance, in February 2023, Airspan Networks Holdings Inc. announced the launch of the Airspan Partner Program addressing the rapid commercial expansion of Airspan's Private Networks Solutions, globally. This program allows Airspan to provide its self-organizing network solutions to specific industry requirements, ensuring optimal performance and addressing unique challenges.
Market Players Outlook
The major companies serving the global SON market include Airspan, TEOCO Corp., Ericsson, Cisco Systems, Inc., Amdocs Ltd., Huawei Technologies Co., Ltd., NEC Corp., and others. These market players are significantly contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Amdocs, a leading provider of software and services to communications and media companies, became part of a consortium that has secured UK Government funding in an initiative designed to accelerate Open RAN deployment in the UK and globally.
The Report Covers: