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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Driver: Increase in mobile data traffic due to rapid proliferation of smart connected devices
Mass penetration of smartphones and the rapid proliferation of smart devices, coupled with continuous adoption of 4G, have increased mobile data traffic. Also, click-to-connect type applications are growing tremendously, generating a significant amount of traffic. Increasing congestion puts additional strains on LTE networks worldwide and creates signaling mesh. Hence, to achieve optimum LTE network as well as ensure improved user experience, efficient routing of signaling information in 3G and 4G networks is highly essential. Diameter signaling products simplify the network structure and streamline and route all Diameter-based IP signaling communication networks. They also act as a controlling element for exchanging information between networks.
Restraints: Growing number of cyberattacks
Signaling protocols such as SS7, SIGTRAN, GTP, and Diameter are building a strong foundation for mobile telephone networks. However, these signaling protocols have severe security weakness that is exploited by attackers. Though these attacks do not take place on a very large scale, they can impact individual subscribers to a great extent.
Apart from signaling protocols, with a greater number of clients and more networks, mobile operators’ elements are exposed to external networks. Telecom providers, location service providers, and content providers are also using interconnecting access. Most of the cyberattacks take place at the provider level, and subscribers cannot do anything to protect themselves.
“APAC to be the fastest-growing market for diameter signaling market from 2020 to 2025”
The market in APAC is expected to grow at the highest CAGR during the forecast period. The growth of the market during the forecast period is expected due to the adoption of new technologies and advancements in the networks. Also, the revenue of telecom service providers in APAC is likely to continue to increase with the rollout of 5G networks. The 5G network would play an integral role in the utilization of advanced technologies such as the Internet of Things (IoT) and machine-to-machine communication (M2M).
China is the biggest market in APAC for connected cars, and the telecommunication sector in this country is witnessing steady growth. Huge population and millions of mobile subscribers utilizing more content and data than ever before will further create the requirement for signaling devices
Major players included in the diameter signaling market are 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).
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