As stated in an extensive report by Vantage Market Research, providing insights on session capacity, function, enterprise size and end-use industry, the Global Enterprise Session Border Controller (SBC) Market was valued at USD 425.65 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.02% between 2021 to 2028.
Enterprise session border controller (e-SBC) is an essential organization element that links communication related infrastructure to communal internet, session initiation protocols (SIP) and private IP networks. It aids the enterprise in managing and controlling traffic, while implementing organization policies, to deliver a secure communication solution. It predominantly overcomes the challenges faced by IT teams during the implementation of mobile communication initiatives.
The surging significance of upgrading network related infrastructure, enhanced awareness regarding security threats and concerns, growing demand for increased efficiency and productivity, and rising IT and telecommunication industries are some of the key factors that are augmenting the growth of the enterprise session border controller market across the globe.
Moreover, the COVID-19 pandemic brought in worldwide lockdown and business shutdowns, forcing people to stay indoors to prevent the spread of infection. Due to this, there was a dynamic shift in the working culture as people were carrying out their work-related activities digitally. This enhanced the awareness associated with security threats over digital transmission, which in turn, progressed the market for e-SBC.
However, the challenges that come along with the utilization of e-SBC such as the complexity of its operation and the need for improved infrastructure, restrain the e-SBC market. Although, thecolossal benefits offered by e-SBC such as optimal and efficient transmission and versatility of applications, provide an enthralling opportunity for the growth of e-SBC market in the upcoming years.
Globally, North America is dominating the e-SBC market and this dominance can be attributed to the surging technological advancements and rise of the Banking, Financial Services, and Insurance (BFSI) sector, in the region.
Subsequently, Asia-Pacific is anticipated to be the region that grows most rapidly, during the forecast period. This surge is accredited to economic growth and development and soaring IT sector in the region.
Some of the major players operating in the globalenterprise session border controller market are Oracle Corporation, Ribbon Communications US LLC, Ingate Systems AB, AudioCodes Ltd., ADTRAN Inc., Cisco Systems Inc., Patton Electronics Co., Avaya Inc., REVE Systems and Huawei Technologies Co. Ltd.among others.