Self-Organizing Network (SON) Market to Reach Close to $6.5 Billion by 2020

Self-Organizing Network (SON) Market to Reach Close to $6.5 Billion by 2020 Credit: MarketsandMarkets

The self-organizing network (SON) that brings three key functionalities - self-configuration, self-optimization and self-healing -  is deployed to speed up the planning, configuration, optimization and healing of mobile telecom networks. In the recent year, SON has transformed from being an additional tool to optimize mobile networks to becoming an integral part to manage 3G and 4G/LTE wireless networks.

The SON market is estimated to reach $6,419.41 Million by 2020; growing at a CAGR of 10.07% from 2014 to 2020, according to the new market research report from MarketsandMarkets. This figure includes distributed SON (D-SON), centralized SON (C-SON), and hybrid SON segments.

The combination of the ongoing 4G LTE rollouts globally and 3G network upgrades are driving the use of SON tools and will fuel growth in the mobile network optimization market going forward. SON promises operator improvements in the operation and maintenance efficiency and effectiveness while delivering energy saving, reduction of manual effort, enhanced capacity of network, and improved network quality. In addition, the proliferation of smart devices and increased use of data driven applications is expected to drive the SON market further.  

According to the same report, North America dominates the SON market in terms of revenue generation with the highest market share - 35% in 2013 - and is expected to grow at a CAGR of 9.31% from 2014 to 2020. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Operator Revenue from Public IaaS & PaaS Reaches Over $7 billion, says Synergy Research

NEXT POST

Global M2M Services Market to Reach 88.90 billion by 2021, says Technavio

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

 

ON TWITTER

ON FACEBOOK