A Path to Progress: Diameter Signaling Market Anticipated to Hit $1.6 Billion by 2025


The Diameter Signalling Market, which comprises products like hardware, software, and solutions, is predicted to be worth USD 1.1 billion in 2020, according to a recent market research analysis by MarketsandMarketsTM. The market is anticipated to develop at a compound annual growth rate (CAGR) of 7.1% from 2020 to 2025, when it will reach USD 1.6 billion. The study examines many elements driving the development of the diameter signalling industry, including as connectivity technology, applications, common protocols, and geographical trends. It is also considered how the COVID-19 epidemic may affect the market.

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The exponential increase in mobile data traffic brought on by the widespread use of smart connected devices is one of the factors driving the diameter signalling market's growth. Additionally, the demand for diameter signalling has increased as a result of the advent of new use cases for LTE networks. These elements are causing the market to grow as consumers and organisations alike look for dependable and effective signalling solutions to meet the demands of the changing digital ecosystem.

Software & Solutions segment to grow at highest CAGR in global process automation and instrumentation market

The software and solutions category is anticipated to develop at the fastest compound annual growth rate (CAGR) in the global market for process automation and instrumentation. The increasing understanding of the significance of signalling software implementation in communication networks is the main driver of this expansion. Businesses are growing more and more cognizant of the need to provide fast network speeds and wide network coverage, as well as to improve protocol interoperability, traffic management, and signalling network scalability. As a result, this industry is anticipated to experience rapid expansion due to the spike in demand for software and solutions.

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4G connectivity technology segment dominates the diameter signaling market

The 4G connectivity technology segment now rules the diameter signalling market. A considerable increase in mobile traffic has been caused by the boom in mobile subscribers, particularly those using 4G networks. Diameter signalling solutions have evolved as an efficient technique to handle the increasing data traffic in communication networks as a result of the resulting need for signalling devices. Current communication networks like 4G and 5G heavily rely on diameter signalling protocols for a variety of tasks like internetworking, routing, load balancing, mobility management, and policy management. Products for diameter signalling are essential for centralised routing, effective network traffic management, the simplification of intricate mesh topologies, and overall network performance enhancement.

Convergent signaling solutions are driving the growth for diameter signaling market

The deployment of convergent signalling systems is fueling the expansion of the diameter signalling industry. Carriers and operators must integrate outdated SS7 hardware with new technology as LTE networks are widely implemented. A solution is provided by convergent signalling networks, which let the use of both 3G and 4G applications on a same network. In a single system, they integrate features including Signal Transfer Point (STP), Diameter Routing Agent (DRA), and Diameter Edge Agent (DEA). By lowering deployment costs, streamlining signal handling, and enabling hardware resource sharing, this convergence aids carriers in cutting operating costs while boosting network flexibility and maximising return on investment (RoI).

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APAC to be the fastest-growing market for diameter signaling market from 2020 to 2025

From 2020 to 2025, the diameter signalling market is predicted to develop at the quickest rate in the Asia-Pacific (APAC) region. The introduction of new technology and improvements in regional networks are credited with this rise. Additionally, the rollout of 5G networks, which will make it possible to use cutting-edge technologies like the Internet of Things (IoT) and machine-to-machine communication (M2M), is anticipated to increase the income of telecom service providers in APAC. In particular, China stands out as having the largest market in APAC for connected automobiles, with a telecoms industry that is consistently expanding. The need for signalling devices in APAC will be driven by the region's enormous population and the rising number of mobile users who are consuming more material and bandwidth than ever.

Major players included in the diameter signaling market are Huawei (China), Oracle(US), Ericsson (Sweden), Nokia (Finland), Cisco (US). The other key players in this market include companies such as Dialogic (US), BroadForward (Netherlands), Diametriq (US), and Sinch (Sweden) Syniverse Technologies (US).

News Covered:

https://www.prnewswire.com/news-releases/diameter-signaling-market-worth-1-6-billion-by-2025--exclusive-report-by-marketsandmarkets-301116268.html 

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