ESBCs sit at the edge of a network and securely translate traffic between IP networks and other networks for maintaining security, quality, interoperability, and regulatory compliance for real-time communications sessions. Major applications of ESBCs include unified communications, SIP trunking, fixed-mobile convergence, and routing of media/data traffic between service provider and enterprise networks.
The global Enterprise Session Border Controller Market is estimated to be valued at US$ 545.19 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the major drivers fueling the growth of the enterprise session border controller market is the growing demand for secured communication. With the increasing instances of cybersecurity threats and data breaches, there is a rising need for network security and regulatory compliance for real-time communication services in enterprises. ESBCs help protect enterprise networks from cyberattacks, ensuring the privacy, integrity, and availability of digital assets and information exchanges between enterprise and service provider networks. In addition, strict data privacy regulations like General Data Protection Regulation (GDPR) have compelled enterprises to adopt ESBCs to secure customer data and prevent unauthorized access.
With ever-increasing mobile workforce today, employees want to leverage their own devices and BYOD policy for work purposes. This has given rise to the demand for mobility and fixed-mobile convergence services among enterprises. ESBCs play a crucial role in enabling such services by securely interconnecting mobile networks with fixed enterprise networks and allowing employees to access enterprise resources from anywhere using personal devices. Their ability to address network complexity, interoperability, and security issues arising out of mobile and hybrid working models is fueling their adoption across enterprises worldwide.
Segment Analysis
The global enterprise session border controller market can be segmented based on component type and end user. The software segment is currently dominating the market as session border controllers need the software component for their functioning. The software allows session border controllers to control signaling and media plane traffic at the edge of SIP-based networks.
PEST Analysis
Political: Data privacy laws are becoming stricter globally which is positively impacting the demand for session border controllers that can secure and control voice, data and video communications across organizations complying with regulatory guidelines.
Economic: Growth in GDP and spending on telecommunication infrastructure in developing countries is driving the investments across industries in advanced technologies like session border controllers for ensuring secure connectivity of remote users.
Social: Increasing popularity of work from home and bring your own device trends are promoting the need for centralized session and security management amongst enterprises using session border controllers.
Technological: Emergence of technologies like VoIP, cloud computing and 5G are expanding the application areas for session border controllers helping them to stay relevant and fuel their adoption rates across industries.
Key Takeaways
The Global Enterprise Session Border Controller Market Size is expected to witness high growth over the forecast period supported by rapid digital transformation across industries.
The North America region currently dominates the market due to heavy investments in network infrastructure and early adoption of technologies by organizations in the region. Key players operating in the enterprise session border controller market are Proctor & Gamble Chemicals, Dial Corporation, Croda, Dow Chemicals, Godrej Industries Ltd. Key players are focusing on new product launches and partnerships with telecom operators to strengthen their market presence.
Key players operating in the enterprise session border controller market are Proctor & Gamble Chemicals, Dial Corporation, Croda, Dow Chemicals, Godrej Industries Ltd. Proctor & Gamble Chemicals and Dow Chemicals currently hold a major share due technological expertise and product portfolios catering to various industry verticals. The market players are focusing on partnerships with telecom service providers and cloud providers for bundling their offerings.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it