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.
Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226736526
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
“Convergent signaling solutions are driving the growth for diameter signaling market”
With the mass deployment of LTE networks, carriers’ operators are facing pressure from the old SS7 equipment and require a convergent signaling network that can operate both 3G and 4G applications, coupled with a signaling service processing system that is capable of functioning both as Signal Transfer Point (STP), Diameter Routing Agent (DRA), and Diameter Edge Agent (DEA).
Convergent signaling networks can help minimize operating expenses by lowering network deployment costs, reducing the number of network devices by half, and simultaneously simplifying the signal bearing and enabling hardware resource sharing between the signaling networks to improve the network evolution flexibility. This offers a simple and common infrastructure to manage both SS7 and Diameter signaling. It further maximizes the return on investment (RoI) and minimizes the OPEX for carriers.
“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).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment