The market for Session Border Controllers (SBC) refers to devices or software solutions used to secure and manage communication sessions in Voice over IP (VoIP) networks. Session border controllers are critical in assuring the security, interoperability, and quality of real-time communication sessions across IP networks, such as voice calls and video conferences.
The global Session Border Controller market is expected to be worth US$ 709 million in 2022 and to grow at a 5.4% CAGR to US$ 1200 million by 2032. Changing enterprise preferences away from public switched telephone network (PSTN) lines and toward IP telephony or VoIP-based private branch exchange are among the significant factors expected to create numerous opportunities for market growth during the forecast period.
Future Market Insights has recently published a market research report on Global Session Border Controller (SBC) market. The study presents a detailed analysis on the historical data, current and future market scenario for the Session Border Controller (SBC) market.
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The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the Session Border Controller (SBC) market in the upcoming decade.
According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the Session Border Controller (SBC) market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Session Border Controller (SBC) market report and gather data from a wide range of primary and secondary sources.
Impact of COVID-19 on Session Border Controller (SBC) Market
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.
FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Session Border Controller (SBC) market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Session Border Controller (SBC) market.
Session Border Controller (SBC) Market: Competitive Analysis
The FMI’s Session Border Controller (SBC) market report provides a detailed analysis of prominent players as well as emerging companies operating in the Session Border Controller (SBC) market. Some of the key players are:
- Qualcomm Technologies, Inc.
- Broadcom Inc.
- MediaTek Inc.
- Intel Corporation
- Texas Instruments Incorporated.
- Hewlett Packard Enterprise Co.
- STMicroelectronics N.V.
With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.
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Session Border Controller (SBC) Market: Key Segmentation
Product Type:
- Enterprise SBC
- Service Provider SBC
- Hybrid SBC
End-Use Industry:
- Public Sector
- Manufacturing
- Transportation
- BFSI
- Healthcare
Region:
- North America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Latin America
- Middle East & Africa
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