Signaling System 7 (SS7) Market Accruals USD 685.3 Million With 2.93% CAGR: MRFR Releasing Industry Prognostications To 2023
PUNE, India, Aug. 30, 2017 /PRNewswire/ -- Market Research Future published a cooked research report on "Global Signaling System 7 Market Research Report - Forecast to 2023" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Dialogic Inc (U.S.), Ericsson AB (Sweden), Sonus Networks, Inc (U.S.), Tieto Oyj (Finland), NetNumber, Inc (U.S.), Oracle Corporation (U.S.), Mitel Networks (Canada) and Huawei Technologies Co. Ltd (China) are some of the prominent players at the forefront of competition in the Global Signaling System 7 Market and are profiled in MRFR Analysis.
SS7 Market Overview
The Global Signaling System 7 Market is growing mainly due to the bourgeoning Telecommunications industry. According to a recent study report published by the Market Research Future, the global market of Signaling System 7 is growing with the rapid pace and expected to gain prominence over the forecast period. The global SS7 market is expected to grow at USD 685.3 million by the end of year 2023 with 2.93% CAGR during forecast period 2017-2023.
SS7 is a set of telephony signaling protocols that are used to set up most of the world's public switched telephone network (PSTN) telephone calls. SS7 primarily sets up and tears down telephone calls, but other uses include number translation, prepaid billing mechanisms, local number portability, short message service (SMS), and a variety of mass-market services. The factors contributing to the growth of the market are migration to intelligent network which has increased the overall reliability of the network, increasing signaling system 7 over asynchronous transfer mode (ATM), migration to IP and increasing demand for SMSC and MSC due to expansion of SMS drive. However, factors such as roaming complexity and lack of network security are hindering the growth of the SS7 market.
SS7 network is a set of telephone signaling protocols around the world use to configure the majority of telephone exchanges. SS7 technology allows its end users, a smart phone network with broad functionality, as well as provides an opportunity to convergence between VoIP-networks and the public switched telephone network.
Scope of the SS7 signaling network extends to broadband networks, and computer telephony applications. Further development of public telephone networks depends on the widespread introduction of SS7. The fact that the channels are used to transmit SS7 data connection setup and routing, and a dedicated network and reservation channels make it more reliable and secure. The technology provides a powerful incentive to the rapid development of both the concept of intelligent networks and modern concepts of converged networks. SS7 signaling network forms the basis of creation of intelligent services. They can be realized in the form of a packet and the telephone network using suitable protocols. The main thing is that any telecommunications task or application should use it if you need access to the telephone network.
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Global SS7 Infrastructure Market study includes the value market size, and a detailed analysis of vendor products and strategies. Signaling System No. 7 aka SS7 is the data communication protocol that are used to provide the underlying network to support the Intelligent Network. It also referred as out-of-band signaling, used for call handling within the telephone network and as the basis of Intelligent Network.
Signaling System 7 Market - Competitive Analysis
The global Signaling System 7 market is well-established. Matured players with the presence in the international and regional market; illustrate the market as highly competitive yet consolidated. Those players compete based on innovation, product features, quality, cost, and financial stability. To maintain their market position and to drive the market growth, these players are focusing upon developing their product portfolio with the help of advance technologies. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent vendors of Signaling System 7 are targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to manufacture new Signaling System 7 that match the changing trends and needs of the patrons.
SS7 Market Segments
The Signaling System 7 Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Types: Comprises Access Link, Bridge Link, Cross Link, Diagonal Link, Extended Link, Fully Associated Link
Segmentation by Application: Comprises Industrial, Medical and Healthcare, IT and Telecom, Aerospace and Defence, Oil & Gas, Chemical.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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Signaling System 7 Market Regional Analysis
The global SS7 Signaling Transfer Point market is divided into four major geographies, namely America, Europe, Asia-Pacific and Middle East & Africa. The SS7 Signaling Transfer Point market was valued at USD 654.7 million in the year 2016. North America accounted for the largest market share with USD 249.6 million in 2016. The Asian region offers a huge growth potential for SS7 Signaling Transfer Point due to rapid technological development and existence of a large number of industries. Asian countries are slated to register the highest CAGR of 3.75% over the forecast period, 2016-2022, owing to increase demand in technology and investments by various network operator in the region.
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