The global self-organizing network market size is set to exhibit growth at a CAGR of 10.2% in the forecast period from 2022 to 2032. It is anticipated to be valued at US$ 5.9 Billion in 2022 and reach US$ 8.6 Billion in 2032. The increasing demand for wireless connectivity and the rising number of small cells with the surging network complexity are likely to fuel the demand for self-organizing network in the forthcoming years.
The rapid expansion of 4G and 5G technologies is anticipated to bode well for the self-organizing network market size in the assessment period. The increasing usage of open Application Programming Interfaces (APIs) and the virtualization of mobile networks are likely to propel the market.
The increasing importance of post-sales services, such as installation and training services associated with these solutions is another crucial factor that is projected to augur well for the market. The ongoing deployment of Network Functions Virtualization (NFV) among enterprises to create simple, virtual, and flexible mobile networks is also set to accelerate the market.
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Many service providers are focusing on broadening their businesses to include public and private cloud services using a common and an efficient infrastructure. The ability of self-organizing network solutions to optimize coverage and manage faults is estimated to push sales in this market.
These solutions also facilitate streamlined and simplified management of multi-vendor, as well as multi-technology network that enable service providers to provide better and faster services at a relative low cost. These deliver numerous benefits, such as effective load balancing, network traffic management, enhanced customer satisfaction, and reduced operation cost.
Which are Some Prominent Drivers Spearheading Self-Organizing Network Market Growth?
The ever-increasing demand for network-integrated smart devices across large enterprises and SMEs is a major factor that is anticipated to augment the self-organizing network market growth in future years. The urgent need for efficient network management systems is also expected to contribute to this growth.
The ongoing development of virtual network infrastructure in both developed and emerging economies is likely to push the demand in this market. The integration of self-organizing network solutions can eliminate the consequent downtime and network errors that are often caused due to human errors. These factors are estimated to bode well for the global market.
What are the Challenges Faced by the Self-Organizing Network Industry?
The deployment of self-organizing network solutions requires huge capital investment, which may not be feasible for small telecom service providers, especially in developing countries. Also, the lack of skilled workers to manage these solutions may hamper the self-organizing network market growth in future.
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Why is North America Emerging as an Opportunistic Self-organizing network Market?
North America is likely to procure the largest self-organizing network market share in the evaluation period. This growth is attributable to the rising demand for high-range and efficient enterprise-grade Internet of Things (IoT) technology in the U.S. and Canada.
How is Asia Pacific Contributing to Growth of the Self-Organizing Network Market?
The surging number of planned deployments of LTE networks in China, India, Singapore, South Korea, and Malaysia is projected to spur sales of self-organizing network solutions in Asia Pacific. The increasing focus of several service providers on the expansion of their network throughput in developing countries is another vital factor that is set to drive the regional market.
Market Competition
Some of the reputed companies operating in the self-organizing network market include Telefonaktiebolaget LM Ericsson, Headai Ltd., Huawei Technologies Co., Ltd., Alphabet, TEOCO Corporation, RED Technologies, Comarch SA, P.I. Works, Elisa Corporation, Airhop Communications, VIAVI Solutions Inc., CCS Ltd., Nokia, Innovile, Cellwize Wireless Technologies Pte Ltd., HeronRobots, Cisco, and Aricent Inc. among others.
Majority of the leading players are increasingly focusing on launching next-generation solutions to enable mobile operators to ensure, audit, and roll out the integrity of the RAN network. They are mainly aiming to enhance the quality of service for subscribers.
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Key Segments Profiled in the Self-Organizing Network Industry Survey
By Service:
- Professional Services
- Strategic Consulting
- Deployment
- Integration
- Support and Maintenance
- Training and Education
- Managed Services
By Deployment:
- Cloud-Integrated Self-Organizing Networks
- On-Premise Self-Organizing Networks
By Added Features:
- Automated Configuration
- ANR Management
- Automated Connectivity Management
- Self-testing
- Automated Inventory
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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