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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Market Dynamics
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.
Opportunities: Development of Connected Cars
The automotive sector has been adopting 4G/LTE services for both drivers and passengers in vehicles with Wi-Fi zones for the collection of telematics data. With this, the industry is demonstrating new uses of technology, with autonomous cars being the growing trend.
Several countries are utilizing in-vehicle navigation systems for toll applications. The emergence of autonomous and connected vehicles and rollout of 5G networks will further enable faster communication and lower latency, thereby leading to heavy network traffics.
Challenges: Security-related challenges posed by unified controlling of signaling protocols
Although advanced communication technologies have been evolved, and carriers and subscribers are switching from 3G to 4G and now to 5G networks, the issues faced by the SS7 protocols are also replicated in the Diameter protocols. The Diameter protocol showcases the same security issues as showcased by SS7, and hence, Diameter signaling products are also prone to same types of cyberattacks
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