Embedded Files
Diameter Signaling Market
Diameter Signaling Market
The Diameter Signaling Market is projected to expand at a CAGR of 7.1% over the forecast period (2020-2025). The continuous adoption of 4G and accelerating seepage of smart devices has elevated the market growth.
Request a free sample of Diameter Signaling Market
Diameter Signaling Market Dynamics
Expansion in the global diameter signalling market is attributed to the accelerating penetration of internet among individuals. The global Diameter Signaling Market research report anticipates that the surging demand for high-speed internet connections has promoted the leading players to introduce new devices by partnership, merger, and investment strategies. For example, Bombardier, in 2020, introduced EBI Sense digital service for predictive maintenance of rail signalling. The new service utilizes sophisticated technology such as cloud, IoT, and machine learning to transform asset performance data into useful insights to make it more effective.
Further, the rising broadband traffics and the increasing adoption of the sophisticated technology have further strengthened the market growth. Besides this, proliferation of smart devices and the advent of 4G are other factors complementing the Diameter Signaling Market share. The acceleration in mobile data traffic that results in a large amount of data traffic has compelled the diameter signalling market share. For instance, as per the GSMA in 2019, nearly 5.2 Billion people subscribed mobile services which gauged for 67% of the global population. It resulted in huge demand for the diameter signaling market growth. However, excessive capital cost and competent workforce to manage the sophisticated technological such as cloud computing and IoT devices may restrain the Diameter Signaling Market size.
Regional Drivers
Based on the region, the North America region is likely to lead the overall diameter signalling market over the forecast period. This is because of the increasing adoption of sophisticated technologies, existence of major tech players with intensified government initiatives to encourage digitalization. For instance, North America’s internet population crossed over 90% due to presence of high tech players and intensified government initiatives and funding. For instance, in March, 2021, President of the United States planned to extend internet access in North America with a USD 100 Billion investment for latest infrastructure plan. The proposal also includes investment in electric vehicle and research and development programs.
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
For more info:
Page updated
Google Sites
Report abuse