Global Diameter Signaling Market

Diameter Signaling Market Size, Share, Growth Analysis, By Type(Diameter Routing Agent (DRA), Diameter Edge Agent (DEA)), By Application(LTE Broadcast, Policy Management) - Industry Forecast 2024-2031


Report ID: SQMIG50A2019 | Region: Global | Published Date: March, 2024
Pages: 171 | Tables: 63 | Figures: 72

Diameter Signaling Market Dynamics

Drivers

  • Deployment of 5G

5G networks are being rolled out around the world and increasing adoption of the same is projected to bolster the demand for diameter signaling over the coming years. Mobility management, session management, and authentication are some functions that will utilize diameter signaling in the 5G telecommunication infrastructure.

  • Rise in Mobile Data Traffic

The smartphone revolution and increasing penetration of internet has resulted in a major hike in mobile data traffic around the world. This has resulted in increased deployment of diameter signaling protocols to manage users and improve telecommunication capabilities.

Restraints

  • Security Concerns

Vulnerabilities and security threats in diameter signaling networks are projected to significantly slow down market development scope in the future. To enhance the security of diameter signaling networks, additional measures need to be taken, which can increase the overall operational and maintenance costs thereby further slowing down market growth scope.

  • Interoperability Issues

Diameter signaling protocols are highly complex and this could create compatibility issues across several parts of the network in terms of hardware or software components. Ensuring interoperability is a key challenge for companies operating in this marketplace.

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FAQs

diameter signaling market size was valued at USD 1.7 billion in 2022 and is poised to grow from USD 1.84 billion in 2023 to USD 3.46 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

Diameter signaling providers are focusing on bolstering their cybersecurity by opting for advanced security solutions. Companies are also targeting the rollout of 5G technology in different parts of the world to maximize their revenue generation potential over the coming years. Mergers, partnerships, collaborations, and acquisitions are also estimated to be key strategies that diameter signaling market players can deploy to increase their profitability in the long run. Growing demand for connectivity in the automotive industry could also create new opportunities for diameter signaling companies going forward. 'Mitel Network Corporation', 'F5 Networks Inc.', 'Packet Force Pvt. Ltd.', 'Telefonaktiebolaget LM Ericsson', 'Comptel', 'Huawei Technologies', 'Diametric LLC', 'Squire Technologies Ltd.', 'Computaris', 'Genband', 'Sandvine Corporation', 'Oracle Corporation', 'Dialogic Corporation', 'Huawei Technologies Co. Ltd.', 'Nokia', 'Cisco', 'Ribbon Communications Operating Company Inc.'

Deployment of 5G

Increasing Virtualization of Networks: Increasing number of telecommunications providers are focusing on virtualizing their networks as cloud-based platforms gain prominence on a level. Telecommunication companies can improve their cost-efficiency and scalability by deploying diameter signaling, which is projected to further create new opportunities in the long run.

North America is the dominant player in the market. The rapidly increasing mobile data traffic in North American countries such as the United States and Canada is increasing the growth of the diameter signaling market. The increasing adoption of smart consumer electronics such as tablets, smartphones, and other devices is boosting the need for effective and robust diameter signaling solutions. Diameter signaling solutions are effective in managing high-traffic loads. The diameter signaling market growth in North America is further boosted by the popularity of 5G networks.

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Global Diameter Signaling Market

Product ID: SQMIG50A2019

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