Global Self-Organizing Networks (SON) market is forecast to hit $8.3 billion in revenue by 2022, according to a new report by market research firm Allied Market Research(AMR). As SON is being increasingly deployed by telecom operators owing to benefits such as faster response time, improved network management, and self-healing network capabilities among others, the technology is expected to grow at a CAGR of 11.1% from 2016 to 2022.
According to the market research firm, SON deployment within the established 2G/3G cellular networks are expected to contribute over two-thirds of the overall market revenue, throughout the analysis period. However, the 4G/LTE segment is expected to grow rapidly, with a CAGR of over 15.1% during the forecast period. This growth is likely to be driven by faster deployment of SON in the rapidly growing 4G/LTE cellular networks, primarily in the developed countries, said AMR.
North America presently leads the market, on account of high investment in network technologies as well as wide internet penetration. However, Asia-Pacific is expected to emerge as the biggest market, surpassing North America during the forecast period, on account of the rapidly growing advanced cellular technologies such as LTE/4G and the large subscriber base, said AMR.
Within the different SON architectures, centralized (C-SON) architecture is more popular and widely accepted amongst network operators, worldwide. However, the hybrid self-organizing network segment (H-SON) is expected to witness the highest growth during the forecast period, as it combines the features provided by S-SON and D-SON, such as optimization and real-time response in a complex network arrangement.