SBCs ensure secured and high-quality multimedia sessions are delivered by enabling interworking between different VoIP networks and technologies while securing the edge of networks. With growing adoption of cloud services, demand for cloud-based SBC deployments is increasing as they offer higher scalability, flexibility and reduced operational costs as compared to hardware-based SBCs.
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 key trends:
The increasing adoption of cloud-based SBC deployments is one of the major trends witnessed in the enterprise session border controller market. With cloud adoption gaining momentum, businesses are increasingly shifting their IT infrastructure and services to the cloud as it eliminates the need for upfront hardware investment and offers higher scalability on-demand. Cloud-based SBCs are more cost-effective as enterprises pay as per usage without any upfront licensing costs for hardware-based SBCs. They also offer simplified management and support multi-tenant environments more efficiently. This has propelled the demand for cloud-based SBC solutions in recent years. The cloud-based deployment model is expected to grow at a higher CAGR over the forecast period.
SWOT Analysis
Strength: Enterprise Session Border Controllers offer centralized security and control of real-time communications and business applications. They provide firewall traversal for SIP trunking. They enhance application performance by optimizing sessions.
Weakness: Complex configurations and troubleshooting requires technical expertise which increases support costs. Risk of single point of failure if SBC is compromised or fails.
Opportunity: Growth in cloud based UCaaS and CPaaS solutions is driving demand for SBCs. Need for integrated security solutions for an increasingly distributed workforce drives adoption.
Threats: Alternative like embedded session controllers and software based SBCs pose substitutes risk. Cyber threats continue to evolve requiring constant upgrades to security capabilities.
Key takeaways
The Global Enterprise Session Border Controller Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis – Asia Pacific is expected to be the fastest growing regional market for SBCs driven by rising adoption of cloud and mobile UC solutions across industries in major economies like China, India. Growth rates in the region exceed over 10% annually. Increasing investment in 5G infrastructure will further acceleration in the demand for network border controls and session management over the coming years.
Key players – 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 the largest shares owing to their extensive product portfolio and global footprint. Smaller players offering value added functionalities are seeing increasing market shares with communication providers and large enterprises demanding customized solutions. Ongoing mergers and acquisitions are helping players expand their product offerings and geographical reach.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.