The global self-organizing network and optimization software market is anticipated to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the rapidly increasing cellular traffic and growing number of mobile phone users.
Self-organizing networks (SONs) are advanced systems that offer effective network activities by operating, optimizing, and configuring congested traffic to make them easier to manage and automate. The key functions of the system include changes in propagation characteristics, traffic patterns, and network deployments that can help to optimize communication networks. Under congested traffic conditions, SONs provide effective transmission by providing capacity-based optimization or a load balancing. This optimization software, in turn, offers an efficient distribution of network traffic across multiple resources to enhance network efficiency and network self-healing.
Market Trends, Drivers, Restraints, and Opportunities:
- Some SONs benefit such as improved user experience and lower operating costs of network service are key factors that can drive market growth.
- Wide expansion of 2G and 3G networks by service providers and increasing number of mobile phone users are expected to boost market growth during the forecast period.
- The inability of conventional systems to handle network complexities combined with the increasing complexities of 3G and LTE networks present key driving factors for the market.
- High cost of the installation and lack of expert operators of the network system are key challenging factors that can hamper the market growth.
- R&D activities and technological advancement that help to produce innovative self-organizing network systems are key opportunities for the market expansion in the coming years.
Global Self-organizing Network and Optimization Software Market Segment Insights
LTE segment is expected to grow at a rapid pace
Based on network technology, the global self-organizing network and optimization software market is divided into 2G, 3G, and 4G or LTE. The LTE segment accounted for a key share of the market in 2020 and is anticipated to expand at a rapid pace during the forecast period. The LTE of cellular communications provides significantly more bandwidth, easy operation, and implementation of a wide range of new applications. With the rise in network capacity, network management helps to facilitate the need for better operations and operational support systems. As SON a newer technology, it is acting as a key catalyst for developing operational support structures for LTE networks.
C-SONs segment is expected to register at a substantial CAGR
On the basis of network types, the global self-organizing network and optimization software market is bifurcated into centralized SONs (C-SONs) and Distributed SONs (D-SONs). The C-SONs segment is further segmented into manual open loop and automatic closed-loop. The C-SONs segment is anticipated to expand at a substantial CAGR during the forecast period owing to increased adoption of C-SONs by various network operators due to its easy handling of several different networks under a central system.
North America is expected to constitute a major share
In terms of regions, the global self-organizing network and optimization software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a major share of the market due to increasing use of SONs apps and early developed of innovative network infrastructure especially in the US. However, the market in Asia Pacific is anticipated to register a significant CAGR during the forecast period due to increased adoption of LTE in cellular networks, especially in countries such as China and India.
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