The increasing number of mobile computing devices is a major driver for market growth while the growing adoption of the bring-your-own-device (BYOD) concept is a key trend in the session border controller market.
The increased usage of advanced technologies such as artificial intelligence, the Internet of things, etc, and the rise in the demand for session border controllers among small, medium, and large enterprises could be some of the driving factors for the market growth in the North America region.
NEWARK, DE / ACCESSWIRE / July 15, 2024 / The session border controller (SBC) market is projected to rise at a CAGR of 7.80% from 2024 to 2034. The market value is anticipated to increase from USD 789.31 million in 2024 to USD 1,672.77 million by 2034. The session border controller (SBC) industry is primarily driven by the rapid growth of Voice over Internet Protocol (VoIP) and Unified Communications (UC) services, fueled by the increasing adoption of cloud-based communication solutions.
As businesses transition to digital and remote work environments, the need for secure, reliable, and scalable communication networks has surged, boosting demand for SBCs. Additionally, stringent regulatory requirements and the need for compliance with industry standards further contribute to market growth.
Despite the growing demand, the session border controller (SBC) industry faces certain challenges, including the complexity of deployment and configuration, interoperability issues between different vendor solutions, and the risk of cyber threats and attacks. Moreover, budget constraints and the reluctance of some organizations to invest in dedicated SBC infrastructure pose barriers to market expansion, particularly among small and medium-sized enterprises (SMEs).
Get The Sample Copy Of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1073
The emergence of new use cases, such as Internet of Things (IoT) connectivity and WebRTC applications, expands the addressable market for SBC solutions. Recent trends in the session border controller (SBC) industry include the integration of artificial intelligence (AI) and machine learning (ML) technologies to enhance security and optimize network performance.
Advanced SBC solutions leverage AI algorithms to analyze network traffic patterns, detect anomalies, and mitigate potential security threats in real time. Moreover, there is a growing focus on interoperability and standardization efforts, with industry consortia and organizations working to establish common protocols and specifications for seamless SBC integration across heterogeneous communication environments.
"The session border controller (SBC) industry presents significant opportunities for growth, particularly with the rising adoption of Software as a Service (SaaS) and Network Function Virtualization (NFV) models. These flexible deployment options enable businesses to leverage SBC functionalities as part of their cloud-based communication platforms, driving cost efficiencies and scalability." - Says Sudip Saha Managing Director and Co-Founder at Future Market Insights.
Key Takeaways from the Market Study
Session border controller solutions are projected to hold a 77.10% market share in 2024.
Communication service providers (CSPs) are expected to possess approximately 25.30% of the market share in 2024.
The United States exhibits a stable CAGR of 7.80% through 2034.
Germany's session border controller (SBC) market shows a CAGR of 3.50% through 2034.
Japan's session border controller (SBC) market has a CAGR of 4.20%, indicating moderate growth.
China leads with a significant CAGR of 9.90%, driven by government initiatives and increasing cybersecurity awareness.
Australia & New Zealand anticipate an average CAGR of 3.90%, suggesting a gradual adoption of advanced SBC solutions.
Competition Outlook of the Session Border Controller (SBC) Market
The session border controller (SBC) market is characterized by intense competition driven by the increasing demand for secure and reliable communication solutions. As organizations adopt Voice over Internet Protocol (VoIP) and Unified Communications (UC) technologies, the need for SBCs to safeguard networks and ensure seamless connectivity grows rapidly.
Established players in the market are continuously innovating to enhance their offerings, integrating advanced features such as encryption, threat detection, and quality of service (QoS) management. Moreover, new entrants are entering the fray, leveraging cloud-based architectures and software-defined networking (SDN) capabilities to disrupt traditional SBC deployments.
Amidst this competition, differentiation through technology prowess, scalability, and cost-effectiveness is crucial for market players to maintain their positions and capture new opportunities. Providers that can deliver flexible deployment options, robust security features, and seamless interoperability with various communication platforms will stand out in the crowded market.
Additionally, partnerships with network equipment vendors, service providers, and cybersecurity firms can provide avenues for expanding market reach and addressing evolving customer needs. As the demand for secure and efficient communication solutions continues to rise, competition in the SBC market is expected to remain fierce, driving further innovation and consolidation among industry players.
Key Companies in the Market
Acme Packet Inc.
Cisco Networks
Genband Inc.
AudioCodes Ltd
Huawei Technologies Co. Ltd
Sonus Network Inc.
Recent Developments:
Netaxis, located in Belgium, has announced the availability of Session Border Controller as a Service (SBCaaS) on Oracle Cloud Infrastructure. This allows communications service providers (CSPs) to easily use a fully automated, highly available solution for providing secure, high-quality audio and video via real-time communication networks with a single click.
TelcoBridges, headquartered in Canada and well-known for its carrier-grade session border controller software, has launched its award-winning ProSBC session border controller software as a fully managed service.
Huawei Technologies introduced the world's first 5.5G intelligent core network solution during a product launch ceremony held at MWC 2024. This represents the commercialization of 5.5G, with the 5.5G intelligent core network playing a key role.
A Comprehensive Full Report: https://www.futuremarketinsights.com/checkout/1073
Session Border Controller (SBC) Market: Key Segmentations
By Solution:
Session Border Controller
Services
By End User:
Data Centers
Communication Service Providers
Contact Centers
Enterprises/Corporates
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Author By:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflecting his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting' at the ET Inspiring Leaders Awards 2022.
Have a Look at the Related Reports of the Technology Domain:
The session replay software has seen a significant increase in demand as organizations strive to enhance user experience, improve website functionality, and understand customer behavior.
The demand for multi-axis motion controllers is driven by their critical role in enhancing precision and efficiency in advanced manufacturing processes, robotics, and automation systems across various industries.
The global pulse width modulation controllers market is anticipated to be valued at USD 9.1 Billion in 2022. The pulse width modulation controllers market share is forecasted to grow at a CAGR of 5.1% from 2022 to 2032 and reach a valuation of USD 15 Billion by 2032.
The latest trends in PID controllers focus on enhanced precision, adaptive algorithms, real-time data integration, and improved user interfaces to optimize control processes and increase efficiency across various industrial applications.
The touch controller IC market outlook predicts robust growth driven by increasing demand for touch-enabled devices across various sectors, technological advancements, and rising adoption of smart home and IoT applications.
The adoption of power over ethernet (PoE) controllers is expected to increase at a CAGR of 4.5% from 2023 to 2033. The market size is anticipated to rise from USD 296.1 million in 2023 to USD 461.4 million in 2033.
The increasing demand for machine automation controllers is driven by the need for enhanced efficiency, precision, and productivity in manufacturing processes across various industries, including automotive, electronics, and pharmaceuticals.
The overview of touchscreen controllers explores their role in facilitating intuitive user interactions through capacitive sensing technology, enhancing device usability across various applications and industries.
The demand for WAN optimization controllers is projected to reach USD 50 billion by 2033, exhibiting growth at a CAGR of 9% during the forecast period.
The global microcontroller socket market holds a forecasted share of USD 1236.3 million in 2022 and is likely to surpass USD 2497.5 million by 2032, moving ahead with a CAGR of 7.3% from 2022 to 2032.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View the original press release on accesswire.com
