The "Diameter Signaling Market with COVID-19 Impact by Offering (Hardware, Software & Solutions), Hardware Type (Process Systems, Analysis Systems), Connectivity Technology (3G, 4G, 5G), Applications, Standard Protocol and Region-Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The overall Diameter signaling market was valued at USD 1,109 million in 2019 and is projected to reach USD 1,664 million by 2025; it is expected to grow at a CAGR of 7.1% from 2020 and 2025.
Diameter signaling market to exhibit significant growth potential from 2020 to 2025
The market growth is driven by the increasing number of smartphone users and network subscribers, rising adoption of IoT devices for more effective communications, and escalating need for high-speed and large network coverage.
4G Connectivity Technology segment to account for the largest share in the global diameter signaling market
4G is expected to continue to account for the largest share of the Diameter signaling market as 4G subscriptions are overtaking 3G due to its higher internet speed and better functionality. The mobile technology has evolved to meet customer expectations in terms of high-speed connectivity and the ability to connect more devices. Mobile carriers are upgrading their core networks to serve customers in a better way. 4G connectivity also supports innovative technologies that are associated with the Internet of Things.
Software & Solutions segment to account for the largest share offering for the global diameter signaling market
The leading position of the software & solutions segment is attributed to the increasing awareness about the importance of signaling software implementation in communication networks to ensure high-speed and large network coverage and improve signaling network scalability, protocol interworking, and traffic management.
5G Connectivity technology to register the highest CAGR in global diameter signaling market
5G is the fifth-generation cellular network and is gaining traction with China and the United States as leading markets. According to Chinese telecom companies, the country witnessed more than 17 million subscribers until April 2020. In the US, four major telecom operators including AT&T, Verizon, Sprint, T-Mobile have started providing 5G services. With the evolution of 5G, mobile data traffic will grow. The speed at which 5G networks are deployed and adopted is much faster than that of 4G networks. According to the latest report by Ericson, by the end of 2025, 2.8 billion population is expected to have 5G subscriptions.
Companies offering diameter signaling products have unified the 5G-based HHTP/2 protocols for transmitting data in 5G networks.
APAC to account for the highest share of diameter signaling market in 2019
APAC would be the fastest-growing market, mainly due to the growing number of smartphone users and 4G subscribers. Additionally, major players in the Diameter signaling market, such as Huawei, are engaged in R&D activities, investments, partnerships with regards to new communication technologies. In-depth interviews were conducted with C-level executives, managers, and other executives from various key organizations operating in the diameter signaling market.
Increase in Mobile Data Traffic Due to Rapid Proliferation of Smart Connected Devices
Escalated need for Diameter Signaling with Emergence of New Uses Cases of LTE Networks
Strong Inclination of Customers Toward Advanced and Personalized Services Demands Improved Signaling Systems
Growing Number of Cyberattacks
Implementation of IoT Devices
Development of Connected Cars
Security-Related Challenges Posed by Unified Controlling of Signaling Protocols
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200907005355/en/
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