Ribbon: Market Share Leader for E-SBC
IHS Markit reports Ribbon success
Global leader in the real-time communications and software development market, Ribbon Communications has recently announced a new achievement for their team. The company, with over 2 decades of leadership in the communications space, has achieved market share leadership for enterprise session border controllers for the third quarter of 2018. IHS Markit reported on the accomplishment, highlighting Ribbon’s Intelligent software solutions, leveraged by leading companies around the world in search of an effective transition to NextGen SIP-based UC solutions.
According to the CTO of Ribbon Communications, Kevin Riley, enterprises are beginning to rely more on Ribbon’s advanced SBC software for the enterprise, to help them make the most of their UC and IT assets. Being ranked as a market share leader by IHS Markit helps Ribbon to confirm their position of growth. Riley believes that the IHS Markit report proves that the strategic purchase of Edgewater Networks is promoting an immediate return on investment.
An Authority in Enterprise SBC
Riley noted that Ribbon Communications is committed to providing their customers with a consistent level of quality and service throughout all of their product lines. As well as giving enterprises the security and support they need, the Ribbon EdgeView network management software delivered by Ribbon also means that companies can get the best-in-class insights they need to manage and resolve issues from a cloud-based control centre.
The CFO for Ribbon Communications, Daryl Raiford, said that the Enterprise market continues to be an essential focus area for Ribbon and that their enterprise-related products have become a crucial component of their product portfolio. Raiford noted that enterprise solutions account for almost one-third of the product revenue achieved by Ribbon during their third quarter. Additionally, IHS Markit has forecast additional growth for the enterprise border controller market. The analytics firm believes that Enterprise SBC will see a CAGR (compound annual growth rate) of at least 6% over the next 5 years.
Ribbon will be well-positioned to continue showing its value as an SBC authority as the market continues to grow, thanks to their extensive portfolio.
Enterprise SBC Continues to Grow
The Senior Research Director for IHS Markit, Diane Myers, commented in a press release, stating that Enterprise SBCs are beginning to gain more acceptance around the world, with steady growth throughout. Ribbon has successfully taken advantage of this growing space with their purchase of Edgewater Networks. Now, Ribbon has an 18% revenue market share as of the third quarter of 2018.
Ribbon’s portfolio of enterprise session border controller solutions is available for a wide range of businesses, scaling from small companies to multi-national enterprises. The E-SBCs are also certified for Skype for Business and Microsoft Teams deployments, and provide interoperability with various legacy, SIP, and app service providers.