May 18, 2024

Enterprise Session Border Controller Market Driven By Growing Adoption Of Cloud-Based Communication

Session border controllers (SBCs) enable interoperability between disparate VoIP networks while ensuring security. An enterprise SBC safeguards on-premises equipment from security breaches and enables enterprises to leverage features of cloud-based unified communications services. With the increasing adoption of cloud-based communication services, demand for enterprise SBCs is growing to ensure secure connectivity between cloud platforms and existing on-premises network infrastructure.

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:

SD-WAN vendors are introducing SBC features in their routers and gateways to offer a comprehensive solution for secure connectivity and traffic management. For example, Cisco acquired Viptela in 2017 to add SD-WAN capabilities to its portfolio and integrated SBC features in Cisco SD-WAN offering. Similarly, Versa Networks and Silver Peak integrate SBC functions with SD-WAN routing and security features. This integration helps enterprises simplify the network edge architecture with a consolidated solution for voice, video, and data services connectivity and security.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as there are moderate entry barriers like high initial capital requirement, need for skilled workforce, resources and distribution channels. However, opportunities exist for new players with innovation and value added services.

Bargaining power of buyers: The bargaining power of buyers is high given the availability of substitutes and price sensitivity of buyers. Buyers can negotiate for better deals and pricing benefits.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as suppliers of components and raw materials have pre-existing relationships with manufacturers. However, they cannot influence prices significantly.

Threat of new substitutes: The threat of substitutes is moderate as VoIP technology provides alternatives. However, the specialized nature of the market limits major substitutions.

Competitive rivalry: The competitive rivalry in the market is high given the presence of numerous international and domestic players offering similar products and solutions globally. Innovation and customized solutions determine competitiveness.

Key Takeaways

The Global Enterprise Session Border Controller Market Size is expected to witness high growth over the forecast period supported by rapid digital transformation across industries.

Regional analysis: North America is expected to hold a significant share in the global Enterprise Session Border Controller market. Rapid digitalization of workplaces and high presence of key players are boosting market growth. Growing demand for secure and improved connectivity solutions from enterprises is also propelling the regional market.

Key players operating in the Enterprise Session Border Controller market are Proctor & Gamble Chemicals, Dial Corporation, Croda, Dow Chemicals, Godrej Industries Ltd., Emery Oleochemicals, IOI Group, Kuala Lumpur Kepong Berhad, Wilmar International. Key players are focusing on new product launches and partnerships to expand their global presence and gain major revenue shares.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it