Diameter signaling is a network element used for tracking sessions, devices, and data usage between network elements. The challenges posed by 4G and IP multimedia system networks have triggered the demand for diameter signaling controllers for exchanging information. The global diameter signaling market report by Market Research Future (MRFR) contains an outlook of the industry with respect to economic scenario of various nations. It covers challenges, drivers, opportunities, and trends for the period of 2020 to 2030 (forecast period) while taking into account the sudden outbreak of the COVID-19 virus and its implications on the industry.
Market Scope
The global Diameter Signaling Market Analysis is expected to register a USD 3.46 Billion and CAGR of 8.20% during the forecast period 2030. Proliferation of smartphones and increase in mobile traffic are major drivers of the market. Utilization of diameter signaling controllers for solving traffic problems and outages faced by wireless network provides can favor the market by propelling its demand over the forecast period. Rising utilization of internet of things (IoT) and rapid industrialization are likely to drive market demand significantly.
Rise in the number of mobile applications and developments in machine learning and artificial intelligence fueled communication can compel the need for diameter signaling. Prevalence of smart homes, connected vehicles, and a larger connected ecosystem of devices can bolster the market demand till 2025. In 2018, Squire Technologies partnered with Simfony for installing diameter signaling routers for management of traffic on 2G, 3G, and 4G networks.
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Segmentation
On the basis of type, it is segmented into diameter routing agent, diameter edge agent, diameter interworking function, and others.
By application, it is segmented into mobility, voice over LTE, LTE broadcast, and policy.
Regional Analysis
The global diameter signaling market, by region, has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
APAC accounted for the largest market share in 2018, with a market value of USD 921.38 million. It is expected to register a CAGR of 44.7% during the forecast period. The region is expected to score the highest number of messages per second (MPS) in the coming years as compared to the other regions owing to increasing adoption of LTE- and VoLTE-based services, thereby increasing the demand for diameter signaling protocol. The presence of key players focusing on developing solutions for diameter signaling is further driving the market growth. Utilization of diameter edge agents for providing roaming services of LTE users and its combination with routing agents integrated into a single element can bolster the market demand in the region.
Europe is expected to register the highest CAGR of 49.4% during the forecast period. The rising mobile adoption rate and Internet services in Europe along with government initiatives which support the development and implementation of 5G technology requiring diameter signaling are expected to fuel the market growth in the region. The rise of data traffic congestion and network outages due to signal problems can be resolved with the help of diameter signaling controllers.
Competitive Landscape
Diametriq, LLC, Sandvine Corporation, Dialogic Corporation, Telefonaktiebolaget LM Ericsson, Oracle Corporation, Nokia, Ribbon Communications Operating Company, Inc., Mitel Networks Corporation, Huawei Technologies Co. Ltd, and Squire Technologies Ltd are key players of the global diameter signaling market.
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Diameter Signaling Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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