The 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 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Enterprise Session Border Controllers (ESBCs) play a vital role in securing real-time communications and enable interoperability across hybrid networks. ESBCs provide security, interworking, and QoS for SIP-based real-time communications systems in the enterprise. Key use cases where ESBCs are widely used include Enterprise Unified Communications & Collaboration, SIP Trunking, hosted contact centers, interconnection with other SIP networks and partners, and mobility across disparate networks.
Market Dynamics:
Growing demand for unified communications and collaboration solutions in enterprise networks is a major factor driving growth of the enterprise session border controller market. Unified communications solutions facilitate seamless integration of different communication methods like instant messaging, video conferencing and audio conferencing which require security protocols provided by ESBCs. Additionally, increasing trend of enterprise mobility across BYOD is increasing demand for session border controllers as they allow secure access to external networks for remote workforce. However, migration to cloud-based unified communications platforms is allowing enterprises to eliminate the need for physical ESBC appliances, which may hinder market growth.
Segment Analysis
The global Enterprise Session Border Controller (SBC) market is dominated by SMEs sub segment due to increasing demand of advanced communication solutions from small and medium enterprises. SMEs are rapidly adopting enterprise session border controller solutions to securely connect their multi-location businesses through voice, video and unified communications over internet protocol (UCaaIP). These solutions help SMEs in seamlessly connecting internal and external users with secured voice and video capabilities.
PEST Analysis
Political: Government regulations around data privacy and security are positively impacting the market growth. Laws like General Data Protection Regulation (GDPR) are requiring enterprises to uphold stringent data protection standards.
Economic: Increasing infrastructure investments in advanced telecommunication networks are driving the demand for session border controllers. Growing trend of work from anywhere model is also fueling the consumption.
Social: Rising penetration of internet and adoption of BYOD trend in enterprises are major social factors propelling the enterprises to invest in robust communication infrastructure and solutions.
Technological: Advancements in VoIP, video conferencing and unified communication solutions are necessitating sophisticated network security and management tools like enterprise SBCs. Innovations in AI and cloud technologies are further enhancing the capabilities of these solutions.
Key Takeaways
The Global Enterprise Session Border Controller Market Growth is expected to witness high, exhibiting CAGR of 6.9% over the forecast period, due to increasing digital transformation initiatives by enterprises. The market size for 2023 is estimated to be US$ 545.19 Mn.
North America captured the dominant share in the global market in 2022 owing to robust communication infrastructure and early technology adoption trend among enterprises in the region. Asia Pacific is projected to exhibit the fastest growth during the forecast period with growing investments in business communication solutions by major economies like China and India.
Key players operating in the Enterprise Session Border Controller market are AudioCodes Ltd., ADTRAN, Inc., Avaya Inc., Cisco Systems, Inc., Ribbon Communications, Ingate Systems AB, Oracle Corporation, Patton Electronics Co., Anixter Inc., Nokia, Advantech Co., Ltd, and Sangoma Technologies. Large players like Cisco are focusing on frequent product innovations to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it