Enterprise Session Border Controller Market: Growing Demand for Secure VoIP Communication to Drive Market Growth
The enterprise session border controller market was valued at USD 310.1 Million in 2015 and is expected to reach USD 528.4 Million by 2022, at a CAGR of 8.26% between 2016 and 2022, growing at a CAGR of 9.00% during the forecast period 2023-2030, according to a new report published by Coherent Market Insights.
Market Overview:
Enterprise Session Border Controller (ESBC) refers to a dedicated hardware or software-based solution that enables the secure flow of voice, video, and data sessions across IP (Internet Protocol) networks. It helps to prevent malicious attacks and ensures high-quality communications by managing and controlling real-time sessions between users.
ESBCs provide significant advantages such as network security, interoperability, and regulatory compliance. They help businesses enhance their Unified Communications (UC) and Voice over IP (VoIP) communication systems, ensuring seamless and secure communication across different networks.
The increasing need for secure and reliable VoIP communication, along with the growing adoption of UC solutions among enterprises, is driving the demand for ESBCs. Additionally, the rising importance of regulatory compliance in industries such as healthcare, finance, and government is further fueling market growth.
Market Key Trends:
One key trend observed in the Enterprise Session Border Controller market is the adoption of cloud-based ESBC solutions. Traditional hardware-based ESBCs are being increasingly replaced by cloud-based solutions, as they offer greater flexibility, scalability, and cost-effectiveness. Cloud-based ESBCs enable businesses to implement and manage session control and security features in a virtual environment without the need for dedicated hardware.
Moreover, cloud-based ESBCs provide improved interoperability and simplify the integration of real-time communication applications across different platforms and networks. They offer enhanced security features, such as encryption and threat detection
Segment Analysis:
The enterprise session border controller market can be segmented based on type, enterprise size, end-user industry, and region. Based on type, the market can be further divided into hardware and software. The hardware segment dominates the market as it enables secure communication between different IP networks by providing firewall protection and handling media transcoding efficiently. The hardware segment is expected to continue dominating the market due to the increasing adoption of session border controllers by enterprises for secure data transmission.
Based on enterprise size, the market can be categorized into small and medium-sized enterprises (SMEs) and large enterprises. The SME segment is expected to witness significant growth over the forecast period. This can be attributed to the rising number of SMEs globally and their increasing focus on enhancing communication infrastructure and data security.
By end-user industry, the market can be segmented into IT and telecom, healthcare, BFSI, government, and others. The IT and telecom industry dominates the market owing to the high demand for session border controllers in this industry for secure communication and data transfer. The healthcare sector is also expected to witness substantial growth due to the increasing adoption of digital healthcare solutions and the need for secure communication in the industry.
Key Takeaways:
The global enterprise session border controller market is expected to witness high growth, exhibiting a CAGR of 9.00% over the forecast period. This growth can be attributed to the increasing adoption of session border controllers by enterprises across various industries. The growing need for secure communication and data transfer, along with the rising number of cyber threats, is driving the demand for session border controllers.
In terms of regional analysis, North America dominates the market and is expected to continue its dominance over the forecast period. This can be attributed to the presence of key players in the region, along with the growing adoption of advanced communication technologies in enterprises. Asia Pacific is the fastest-growing region, driven by the increasing digitalization of various industries and the rising number of SMEs.
Key players operating in the enterprise session border controller market include Adtran, Inc., Audiocodes Ltd., Avaya Inc., Cisco Systems, Inc., Edgewater Networks Inc., Genband, Inc., Ingate Systems AB, Oracle Corporation, Patton Electronics Co., and Sonus Networks, Inc. These key players focus on product innovation, partnerships, and mergers and acquisitions to strengthen their market position and cater to the evolving needs of enterprises.
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