Software segment to account for largest share in global Diameter signaling market

 According to the new market research report, "Diameter Signaling Market with CoVID-19 Impact by Offering (Hardware, Software & Solutions), Hardware Type (Process Systems, Analysis Systems), Connectivity Technology (3G, 4G, 5G), Applications, Standard Protocol and Region - Global Forecast to 2025" The diameter signaling market valued USD 1.1 billion in 2020 and is projected to reach USD 1.6 billion by 2025; expected to grow at a CAGR of 7.1% from 2020 and 2025. The factors that are driving the growth of the market includes increase in mobile data traffic due to rapid proliferation of smart connected devices, escalated need for Diameter signaling with emergence of new uses cases of LTE networks.

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“Software  segment to account for largest share in global Diameter signaling market”

The market for software & solutions is driven by the requirement for controlling traffic congestion in the network and satisfying the increased demand for high-speed services by the customers. Further, it also safeguards the messages of user sessions providing simple and secure network interconnect

“APAC to be fastest-growing region in Diameter signaling market from 2019 to 2025”

The market in APAC is expected to grow at the highest CAGR during the forecast period. This is due to the development of network infrastructure in developing nations in APAC. For Instance, Indonesia is a huge country with major potential for the growth of the telecommunications sector. The country has been witnessing a growing number of 4G subscribers. Majority of the population of the Indonesian population is expected to use the internet by 2022, which was below half of the population in 2017. With this, mobile traffic is expected to increase six times from 2017 to 2022. Mobile video is gaining traction in the country; hence, IP video traffic is expected to grow tremendously in the coming years.

Key Market Players

The global Diameter signaling market is dominated by Huawei (China),Oracle(US), Ericsson (Sweden), Nokia (Finland), Cisco (US). The other key players in this market include companies such as Dialogic (US), BroadForward (Netherlands), Diametriq (US), and Sinch (Sweden) Syniverse Technologies (US),  F5 Networks (US).

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