Enterprise Session Border Controller Market Growth Accelerated by Increasing Number of Voice and Video Calls
SBCs provide secure demarcation and intermediary functions for session management and control of multimedia applications. With the majority of businesses increasingly relying on voice and video calls for communication, the demand for SBCs has grown substantially.
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 number of voice and video calls across businesses has been a major factor driving the growth of the enterprise SBC market. SBCs improve voice quality and security while enabling interconnectivity between various networks. They provide features like interoperability, security, connectivity troubleshooting, and billing tools. During the pandemic, the volume of voice and video calls surged exponentially as more people switched to remote working models. This heavy reliance on cloud-based calling solutions has further propelled the demand for SBCs. Leading players are focusing on developing advanced SBC products that support high call volumes and deliver enhanced user experience for a diverse range of calling needs in the new hybrid working environments.
Segment Analysis
The global Enterprise Session Border Controller (ESBC) market is dominated by the large enterprise segment. This segment accounts for the major market share of more than 60% owing to the widespread adoption of advanced communication tools such as VoIP and unified communication in large organizations. Large enterprises are increasingly deploying ESBC solutions to enhance security, regulatory compliance, availability and maintain quality of voice and video communication over their network.
Key Takeaways
The Global Enterprise Session Border Controller Market Size is expected to witness high growth over the forecast period. The rapid proliferation of cloud-based communications and remote work culture has boosted the demand for advanced security solutions such as ESBC across organizations worldwide.
Regional analysis: North America currently holds the highest share of the global ESBC market owing to extensive deployment across various industry verticals in the US and Canada. Moreover, the region is expected to continue its dominance during the forecast period. Asia Pacific is projected to witness the fastest growth over the next few years. Growing penetration of VoIP and other communication technologies among large enterprises based in China, India, Japan and South Korea are fueling the demand for ESBC solutions in Asia Pacific.
Key players operating in the Enterprise Session Border Controller market are Proctor & Gamble Chemicals, Dial Corporation, Croda, Dow Chemicals, Godrej Industries Ltd. These players have established a strong foothold in the global market owing to strong product portfolio and wide geographic footprint along with dedicated focus on continuous innovation.
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