Self-organizing network market in rapid growth phase
In its latest report, MarketsandMarkets predict that the self-organizing network market is estimated to reach $6,419.41 million by 2020 — growing at a CAGR of 10.07% from 2014 to 2020.
Key benefits of self-organizing networks include an improvement in the operation and maintenance efficiency and effectiveness, energy saving, reduction of manual effort, enhanced capacity of network, and improved network quality.
According to the marketing firm, the factors which are driving the self-organizing network market includes rising demand for broadband services, low cost management and installation, CAPEX and OPEX savings, and increasing deployments of LTE.
The emergence of smart devices and increased use of data driven services will continue to drive operators to deploy SONs as they are faced with increasing network complexity.
Challenges facing the SON market include higher implementation cost and the requirement for larger bandwidths.
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