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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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
“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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