Session Border Controller (SBC) Market: Dynamics and Latest Trends with Global Industry Share, Business Development Plans and Strategies, CAGR and Revenue Forecast to 2028
Research Nester has released a report titled "Session Border Controller (SBC) Market - Global Demand Analysis & Opportunity Outlook 2028" whichalso includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
Companies around the world are increasingly shifting towards IP telephony or voice over internet protocol (VoIP) based private branch exchange (PBX) communication networks owing to the greater flexibility, less complication, and enhanced cost-effectiveness of the communication technology. Although the technology possesses numerous benefits, yet the concern for data theft and network blockages in these technologies is significantly high, which is raising the need amongst business organizations of different sizes to deploy security equipment that can protect their VoIP network. Session border controller (SBC) as a network element which is deployed in session initiation protocol (SIP) based VoIP networks to control the signaling. The equipment controls all types of interactions in the organization including VoIP, IP video, video calling, text chat, and team video or texting sessions among others and are deployed either on-site with a hardware equipment or virtually over the cloud with software-based systems. SBCs are known to protect the network from cyber-security threats, such as distributed denial-of-service (DDoS) attacks, toll frauds, and others, and are designed to respond to real-time communication cyberattacks, fraud, and other incidents. Enterprises are hugely benefitted with the equipment as the accelerated response feature to the incoming threats, hugely reduces the operational cost of the user. Moreover, the rising demand for high-speed data network connectivity, along with the need for minimum latency to ensure seamless network connectivity are some of the factors anticipated to drive the market growth in the coming years.
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The global session border controller (SBC) market is anticipated to grow with a CAGR of 4.73% during the forecast period, i.e., 2020-2028. Shifting preferences of organizations to VoIP or IP telephony-based PBX communication protocols from the conventional public switched telephone network (PSTN) lines, along with the increasing penetration of 5G telecommunication network, are some of the factors anticipated to promote the market growth in the coming years.
The market is segmented by type into enterprise SBC, service provider SBC and hybrid SBC. Out of these segments, the enterprise SBC (E-SBC) segment is projected to hold the largest market share of 69.27% by the end of 2021. The growth of the segment can be attributed to the increasing need of the business organizations for securing their communication network and have constant communication connectivity, coupled with the growing adoption of the culture of working remotely with the user's own device.
Geographically, the global session border controller (SBC) market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Out of the market in these regions, the North America session border controller (SBC) market is anticipated to register the largest market share of 41.79% by the end of 2021 and grow with a CAGR of 4.04% during the forecast period. The growth of the market in the region can be attributed to the increasing advancements in technology across different end-use industry verticals, coupled with the rising demand for SBCs across business organizations of different sizes, i.e., small, medium, and large enterprises.
However, concerns regarding the complexities regarding the interoperability features of the SBCs, which raises the cost of deployment of the users, is expected to lower the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the global session border controller (SBC) market, which includes company profiling of Cisco Systems, Inc. (NASDAQ: CSCO), Oracle (NYSE: ORCL), Sangoma Technologies Corp. (CVE: STC), Huawei Technologies Co., Ltd., ZTE Corporation (SHE: 000063), Avaya Inc., Ribbon Communications Operating Company, Inc. (ECI Telecom Ltd.), AudioCodes Limited (TLV: AUDC), Patton Electronics Co., Nokia Corporation (HEL: NOKIA), and Metaswitch Networks (Microsoft Corporation).
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled "Session Border Controller (SBC) Market - Global Demand Analysis & Opportunity Outlook 2028" , analyses the overall session border controller (SBC) industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global session border controller (SBC) market in the near future.
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