SS7 Market Scope:
Market Research Future published a cooked research report on "Global Signaling System 7 Market Research Report - Forecast to 2030" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030. SS7 Market is Predicted to Reach US$ 599 Million by 2030 Registering a CAGR of 4.10%. The market research report provides datails about drivers, market restraints, strategies, market segmentation, opportunities, challenges, market revenue and SS7 Market Forecast.
The SS7 market is garnering substantial traction continually. The market growth attributes to the rising demand for tear down telephone calls sets up and advanced solutions for prepaid billing mechanisms, local number portability, short message service (SMS), and various mass-market services. This SS7 technology is one of the key innovations in telecommunication, which further improves the operation of 2G and 3G connectivity.
Signaling System 7 (SS7) is a standard set of protocols for the telecommunications industry. The system links one mobile phone network to another, enabling them to exchange the information required for calls and text messages and to ensure correct billing. SS7 also enables users on one network to switch to another while roaming or traveling in a foreign country. Signaling System 7 (SS7) technology was first developed in 1975, and since then nothing has changed, including in its security posture.
SS7 technology is a crucial innovation in telecommunications, enhancing connectivity operations. The increasing demand for tear-down telephone call connection when the call is complete and advanced solutions for prepaid billing mechanisms drive the signaling system 7 market. In addition, growing demand for local number portability, short message service (SMS), and various mass-market services are boosting SS7 market growth.
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Dominant Key Players on SS7 Market Covered Are:
- Oracle Corporation (US)
- Mitel Networks Corporation (Canada)
- Tieto (Finland)
- NetNumber Inc. (Netherlands)
- Huawei Technologies Co. Ltd (China)
- Ribbon Communications (US)
- Ericsson AB (Sweden)
- Dialogic Corporation (US)
- TNS Inc. (US)
- PCCW Global (Hong Kong)
Global SS7 Market - Competitive Analysis
Highly competitive, the SS7 market appears fragmented due to the presence of several well-established players. Industry players incorporate strategies, such as mergers & acquisitions, collaborations, expansion, and product or technology launch. They compete based upon pricing, technology, reputation, and services. From the product development and sales perspective, players invest in R & D to develop a technology, brand building, and expand their reach to support their competitive position.
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SS7 Market Key Players:
- Oracle Corporation (US)
- Mitel Networks Corporation (Canada)
- Tieto (Finland)
- NetNumber Inc. (Netherlands)
- Ribbon Communications (US)
- Ericsson AB (Sweden)
- Dialogic Corporation (US)
- Huawei Technologies Co. Ltd (China)
- TNS Inc. (US)
- PCCW Global (Hong Kong)
Global SS7 Market - Segments
The report is segmented into two dynamics:
By Component : SS7 Firewall, Solutions, and Devices.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
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Global SS7 Market - Regional Analysis
North America dominates the global SS7 market. The largest market share attributes to the technological advances and the early migration to the advanced intelligent network (AIN) and intelligent networks (IN). Besides, rising uptake of SS7 to manage intelligent routing, screening services, and number portability (NP), drives the growth of the regional market growth. The North American SS7 market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global SS7 market. The market growth is driven by the rising adoption of the latest communication network protocols and the need for high data transfer speeds across the region. Moreover, the availability of innovative technologies and the presence of many leading players in the region push the regional market growth.
High spending on connectivity devices and growing technology environment in the US and Germany acts as major tailwinds for the regional market growth. The European SS7 market is estimated to grow at the fastest rate during the forecast period.
The Asia Pacific SS7 market is growing rapidly. Factors such as the widening adoption of SS7 technology in respective devices and solutions create substantial market demand. Additionally, the high demand for high-speed internet services and boost the growth of the market. Rapidly developing countries such as China, India, and Japan has a huge potential for revenue generation.
As a result, these APAC countries are considered as significant contributors to the growth of the regional SS7 market. Enormous spending in defense communication technologies and the space industry to get long-term solutions for high-end connectivity, impact the growth of the market, positively.
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