Global Diameter Signaling Market is expected to register a CAGR of 8.20% during the forecast period 2020–2030.
Diameter signaling is used by a broad range of network elements for the exchange of information related to session tracking, device tracking, data usage, and others. A Diameter node can exchange information with another Diameter node, either directly or through intermediary nodes called agents, due to the peer-to-peer architecture of the Diameter. The Diameter signaling controllers provide communication service that overcomes Diameter signaling scalability, performance, and interoperability challenges in IP multimedia systems (IMS) and long-term evolution (LTE) networks. Diameter is a next-gen industry-standard protocol that is used to exchange authorization, authentication, and accounting (AAA) information in IMS and LTE networks. The proliferation of smartphones and increasing mobile traffic boosts the volume of Diameter signaling.
Increasing ownership of mobile phones and the utilization of the rnet of Things (IoT) devices have led to rising demand for Diameter signaling solutions. Over the last five years, the ownership of smartphones has increased significantly, leading to high use of the Internet among individuals. The advancements in technology have led to increased use of smartphones, as various mobile applications are being developed every year, generating a significant amount of data, thereby resulting in considerable data traffic. According to Excelacom Inc., 58,520 applications are downloaded by end-users per minute from Apple's App Store. Furthermore, the number of these applications is also increasing. Therefore, with an increase in data generated on an ily basis, there has been a rise in the requirement for Diameter signaling. Moreover, market players also seek opportunities arising from the development of 5G technology. However, roaming complexity is hampering et growth.
Diameter signaling platform plays a vital role in the functioning of IoT-enabled devices. As the vendors in the electronics industry are coming up with new technologies, there has been an increase in the number of IoT devices, which is resulting navy traffic and signal on the current network infrastructure. Machine-to-machine communication and machine-to-infrastructure communication are already taking place, generating a large amount of data, and thereby increasing data traffic. Additionally, the increase in the number of connected vehicles and prevalence of smart homes and smart cities, among others, are also increasing data traffic; therefore, Diameter signaling is important as a Diameter signaling controller provides communication between networks through efficient routing of messages by preventing network overloads and interworking different variations of Diameter signaling between devices. Furthermore, IoT is rapidly becoming a mainstream technology in the consumer electronics market, which is also driving the global market. Therefore, with an increasing number of devices connecting to network infrastructure, the demand for Diameter signaling is expected to rise considerably.
Global Diameter Signaling Market, By Region, 2018 (%)
Source: MRFR Analysis
The Global Diameter Signaling Market, by region, has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific accounted for the largest market share in 2018, with a market value of USD 921.38 million; the regional market is expected to register a CAGR of 44.7% during the forecast period. Asia-Pacific is expected to produce the highest number of messages per second (MPS) in the coming years as compared to the other regions owing to increasing adoption of LTE- and VoLTE-based services, thereby increasing the demand for Diameter signaling protocol. The presence of key players focusing on developing solutions for Diameter signaling is further driving the market growth. Europe is expected to register the highest CAGR of 49.4% during the forecast period. The rising mobile adoption rate and Internet services in Europe along with government initiatives which support the development and implementation of 5G technology having complex infrastructure requiring Diameter signaling are expected to fuel the market growth in the region.
The key players in the Global Diameter Signaling Market are Oracle Corporation (US), Huawei Technologies Co. Ltd (China), Telefonaktiebolaget LM Ericsson (Sweden), Mitel Networks Corporation (Canada), Nokia (Finland), Sandvine Corporation (Canada), Ribbon Communications Operating Company, Inc. (the F5 Networks, Inc. (US), Dialogic Corporation (US), Diametriq, LLC (US), and Squire Technologies Ltd (UK).
According to MRFR analysis, F5 Networks is currently leading the global Diameter signaling market in terms of market share. It provides hardware solutions and services for application security, remote access, firewall protection, wide area network (WAN) optimization, access policy management, carrier-grade network address translation, Diameter signaling policy enforcement, and fraud detection. F5 Networks follows an organic growth approach in the Diameter signaling market. Since the past few years, the company is constantly making changes in its current products and solutions and helping its clients in keeping products and services in line with the market.
Key Questions Addressed by The Report
|Market Size||USD 3.46 Billion (2020-2030)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Oracle Corporation (US), Huawei Technologies Co. Ltd (China), Telefonaktiebolaget LM Ericsson (Sweden), Mitel Networks Corporation (Canada), Nokia (Finland), Sandvine Corporation (Canada), Ribbon Communications Operating Company, Inc. (the F5 Networks, Inc. (US), Dialogic Corporation (US), Diametriq, LLC (US), and Squire Technologies Ltd (UK).|
|Key Market Opportunities||Diameter Routing Agent (DRA), Diameter Edge Agent (DEA), Diameter interworking function (IWF)|
|Key Market Drivers||
The global market of diameter signaling can worth USD 11 Bn at 8.20% CAGR by 2030.
Ericsson AB (Sweden), Mitel Networks Corporation (Canada), and Sonus (U.S.) are some key players of the diameter signaling market.
The high adoption rate of diameter routing agent (DRA) can cause revenue generation of about USD 7,045 million by 2023.
A high number of smartphone ownership can push the diameter signaling market growth.
The presence of robust connectivity solutions can cause the APAC diameter signaling market to boom.
Growth impellers and restraints of that market are discussed vividly in the report.
Diversification of the existing product line of different players can favor the digital signaling market.