The global network optimization market is expected to grow at a significant CAGR during the forecast period (2024-2031). The carrier Wi-Fi and smart cell devices employed in the communication business are referred to as network optimization. A smart cell is a device that can cover all base stations, including those that are not macrocell base transceiver stations. Femtocells, picocells, and microcells are some instances of smart cells. These devices offer a huge coverage area, a lot of power, and can handle a lot of calls at the same time. Carrier Wi-Fi refers to Wi-Fi devices that have been pass point certified by a carrier.
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The certification is defined as the approval of a Wi-Fi device capacity to be integrated into a cellular network for subscriber authentication and smooth handover at a cellular network. Smart cells are employed as a network facilitator and carrier with a specific focus. Wi-Fi provides a low-cost spectrum for third- and fourth-generation cellular applications. With the ongoing improvement in technology, cellular mobile communication is changing every day. The industry is now in its fourth generation, with the change in how people use mobile phones defining the transition from the first to the fourth.
Currently, mobile phones are used as a source of entertainment rather than as a communication tool. Every cellular mobile communication generation uses a higher frequency band. Smart cell devices, such as the femtocell, are plug-and-play devices that require little operator involvement. The increased need for enhanced network coverage and the capacity of devices to provide integrated services are driving the market growth. Government-issued licenses are one of the causes limiting the growth of the market.
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Market Coverage
- Segment Covered-
o By Application
o By Vertical
- Competitive Landscape: Array Networks, Inc., Alcatel-Lucent S.A., Blue Coat Systems, Inc., and Telefonaktiebolaget LM Ericsson, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Network Optimization Market Report Segmentation
By Application
- WAN Optimization
- LAN Optimization
- RAN Optimization
- Data Center Optimization
By Vertical
- BFSI
- Transportation and Logistics
- Government and Defense
- Manufacturing
- Travel and Tourism
- Energy and Utility
- Consumer Goods and Retail
- Others
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