-- Signaling System 7 Market - Overview
Signaling system 7 (SS7) are a set of telephony signaling protocols which are the base for setting up almost all of the public switched telephone network (PSTN) telephone calls around the world. SS7 usually sets up and breaks down telephone calls but can also be utilized for services like number translation, short messaging service and a number other mass market services.SS7 protocol was developed initially in 1975 and is typically used by telecoms to verify when the subscriber is roaming and then respectively allows transfer of information.
According to a report published by Market Research Future, The global Signaling System 7 Market is set to grow at USD 685.3 million by the end of year 2023 with 2.93% CAGR during forecast period 2017-2023.SS7 makes use of out of band signaling as earlier the signaling in trunks used to occur on the same channel. In SS7 signaling happens on entirely different channels other than the voice channels.SS7 being a high speed communication protocol allows high value call related services to be created. Services such as call waiting, call forwarding, voice mail etc. are all part of call management service offered.
The factors for the growth of the market for SS7 are the high volume of handsets that exist in the market which mostly rely on the SS7 protocol, most of the users in the market also own more than 1 hand set and more importantly the use of handsets has percolated in almost all strata of the population. The SS7 will grow over the coming year and will be an irreplaceable element of operator networks worldwide. The reliability factor of SS7 is one of the most important reason for its growth and demand in such competitive market. Another reason for the growth of SS7 is SMS marketing which has become a part and parcel of marketing plans of many companies. Unpredictability of IP networks also only further goes on to contribute to the popularity of a SS7 network. The factors hindering growth of SS7 are roaming complexity, lack of network security, loopholes in SS7 that enable carrier interoperability are a cause for security concern in the event of a hack.
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Industry Segments
The Signaling System 7 sector is categorized in to 3 main aspects which includes the basis of application, type and region.
• Segmentation by Application: Includes Medical and Healthcare, Industrial, IT and Telecom, Oil & Gas, Chemical, Aerospace and Defense.
• Segmentation by Types: Includes Bridge Link, Access Link, Cross Link, Diagonal Link, Fully Associated Link and Extended Link.
• Segmentation by Regions: Includes geographical regions such as North America, APAC, Europe and Rest of the World.
Key Players
The prominent players in the market of SS7 market are – 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) among others.
Competitive Analysis
The trend for diversification in the industry has enabled the competitors to access the profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be fruitful for companies so they can fix target that can uphold their commercial enterprise's liquidity to take the most active decisions in terms of strategy execution and designing.
Regional Analysis
The SS7 Signaling Transfer Point market globally is divided into four major regions such as Europe, America, Asia-Pacific and Middle East & Africa. The SS7 Signaling Transfer Point sector was assessed to be worth USD 654.7 million in the year 2016. The North American market had garnered the biggest market portion with USD 249.6 million in 2016. The Asian market region offers a vast growth potential for SS7 Signaling Transfer Point owing to the rapid technological progress and existence of a great number of industries. The Asian countries are likely to register the highest CAGR of 3.75 per cent over the forecast period which is from 2016 to 2022, due to rising demand in investments and technology by numerous network operators in the area.
Latest Industry News:
16th October 2017 SureVoIP, which specializes in using the internet to deliver telecoms ie VOIP has enhanced its software offering with a focus on integration with other systems. The business recently announced it had achieved the integration with Signalling System No.7 (SS7) telephony following an intensive 18-month process.
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Intended Audience
• Manufacturers and Suppliers
• Distributors
• SS7 Technology Solution Providers
• Research firms
• Consultancy firms
• Semiconductor Manufacturing Companies
• Stakeholders
• End-user sectors
• Technology Investors
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 417177
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