Enterprise Session Border Controller Market Is Estimated To Witness High Growth Owing To Increasing Demand for Secure and Reliable Communication Networks
Enterprise Session Border Controller Market |
The enterprise session border controller market was valued at USD 310.1 Million in 2015 and is expected to reach USD 528.4 Million by 2022, at a CAGR of 8.26% between 2016 and 2022, growing at a CAGR of 9.00% during the forecast period 2023-2030, according to a new report published by Coherent Market Insights.
Market Overview:
Enterprise Session Border Controllers (SBCs) are devices used in Voice over
Internet Protocol (VoIP) networks to manage and secure communication sessions
between different networks. They provide features such as call routing,
security, encryption, and quality of service (QoS) control. These SBCs help
organizations to establish secure and reliable communication networks, ensuring
uninterrupted voice and video calls.
Market key trends:
One of the key trends driving the growth of the Enterprise Session Border
Controller Market is the increasing demand for secure and reliable
communication networks. With the growing adoption of VoIP and Unified Communications
(UC) solutions, organizations are recognizing the need for robust security
measures to protect their communication networks from malicious activities.
Enterprise SBCs play a crucial role in ensuring secure and encrypted
communication, preventing unauthorized access and eavesdropping.
Moreover, the rising trend of remote working and the increasing use of
cloud-based communication services are further fueling the demand for
Enterprise Session Border Controllers. These controllers enable organizations
to establish secure connections between different networks, ensuring seamless
communication for remote employees.
In conclusion, the Enterprise Session Border Controller Market is witnessing
high growth due to the increasing demand for secure and reliable communication
networks. With the advancements in communication technologies and the rising
trend of remote working, the market is expected to experience significant
growth over the forecast period.
PEST Analysis:
Political: The political stability in various regions plays a vital role in the
growth of the enterprise session border controller market. Governments'
policies and regulations regarding communication infrastructure and data
security are significant factors influencing the market. For example, in
certain regions, governments may impose restrictions on data privacy, leading
to increased demand for enterprise session border controllers to ensure secure
communication.
Economic: The economic factors affecting the market include the overall economic
conditions, exchange rates, and infrastructure investment. Economic growth and
increasing investments in communication infrastructure, particularly in
emerging economies, drive the demand for enterprise session border controllers.
For instance, the increasing adoption of cloud-based services and the need for
secure communication in various industries contribute to market growth.
Social: The social factors influencing the enterprise session border controller
market include the rise in remote working, digitalization, and the increasing
dependence on communication technologies. The COVID-19 pandemic has accelerated
the demand for remote communication solutions, leading to a higher adoption of
enterprise session border controllers. Moreover, the growing need for seamless
and secure communication among various social groups and organizations also
contributes to market growth.
Technological: Technological advancements play a crucial role in shaping the
enterprise session border controller market. The emergence of advanced
networking technologies such as 5G and the increasing adoption of Internet of
Things (IoT) devices create new avenues for market growth. Moreover, the
integration of artificial intelligence (AI) and machine learning (ML) in
enterprise session border controllers enhances their functionality and security
features, driving their adoption in various industries.
Key Takeaways:
The global
enterprise session border controller market is projected to experience
significant growth, exhibiting a CAGR of
9.00% over the forecast period. This growth is primarily driven by the
increasing demand for secure communication solutions in various industries,
such as healthcare, banking, and IT.
In terms of regional analysis, North America is expected to be the fastest-growing
and dominating region in the enterprise session border controller market. The
region is witnessing increasing adoption of advanced communication technologies
and stringent data security regulations, driving the demand for enterprise
session border controllers.
Key players operating in the enterprise session border controller market
include Adtran, Inc., Audiocodes Ltd., Avaya Inc., Cisco Systems, Inc.,
Edgewater Networks Inc., Genband, Inc., Ingate Systems AB, Oracle Corporation,
Patton Electronics Co., and Sonus Networks, Inc. These key players focus on
product innovation, strategic partnerships, and mergers and acquisitions to
strengthen their market presence and gain a competitive edge.
Overall, the enterprise session border controller market is poised for
substantial growth due to the increasing need for secure communication
solutions and advancements in communication technologies. The dominance of key
players and the rapidly growing North American region indicate a promising
future for this market.
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