Diameter Signaling Market Scenario:
Market Research Future projects a detailed report on the recent trends, various challenges faced, and the segments of the diameter signaling market. It is reported there will be a striking upsurge at 44.19% of CAGR over the forecast period 2017-2023. The market is also ready to achieve a valuation of USD 11 Billion by 2023, as per the study.
Transforming technology has paved the way for the development of diameter signaling market, which has also been one of the prime factors influencing the market growth. The network and speed of data transmission are together converting to IP, and the world is observing heavy traffic of data. All this is not only due to the robust impact of smart devices and applications but also with the increase in adoption of Voice-over-LTE (VoLTE) and due to Voice-over-Wi-Fi (VoWiFi) technologies. Such a tremendous growth in Diameter Signaling Market Share has been recorded in the study conducted by MRFR.
In the spot of these factors, there is a rising need to develop new signaling infrastructure to offset the challenges such as scalability and maintenance, the flexibility of a network, security, interconnect and protocol interworking & transparency are contributing to the market’s growth.
On the other hand, with the rise in the number of mobile users across the globe and augment in the disposable income, as well as utilization of smartphones is mounting has also motivated the market to spur during the forecast period. In the latest, the network service providers are transforming from the existing platform to LTE, which gives the prospect to the users to avail of various applications. Therefore, change in the selection pattern of global subscribers is also propelling the diameter signaling market growth worldwide. Besides, as the number of smart devices combined with applications is surging, thus influencing the market substantially.
However, the factor of roaming complexity is considered as one of the significant challenges for the diameter signaling market.
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Major Key Players:
The prominent players of the diameter signaling market are listed as Ericsson AB (Sweden), Inc. (U.S), Huawei Technologies Co., Ltd (China), F5 Networks, Sonus (U.S.), Oracle Corporation (U.S), Mitel Networks Corporation (Canada).
According to the study, the diameter signaling market is differentiated by type and application.
In terms of type: Diameter Routing Agent (DRA), Diameter Edge Agent (DEA), Diameter agent (DA), Diameter interworking function (IWF), and others are the segments.
In terms of application: LTE Broadcast, Policy, Mobility, and Voice over LTE (VoLTE) are the segments.
Regionally, the diameter Signaling is segmented into key regions, namely North America, Europe, Asia Pacific, and the Rest of the World.
Among these, Asia Pacific is supposed to be the leading region in the diameter signaling market. The boost in the adoption rate for 4G has enabled smart devices, which is expected to drive the market.
North America is also expected to be a mounting region in the Diameter Signaling market. Countries like the U.S., Canada, and Mexico are well-known countries in the region. Advance technological infrastructure, the existence of global players, and the influential telecommunication industry are motivating factors associated with the market of diameter signaling in the region.
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