The SS7 market is growing rapidly. Signaling System 7 (SS7) is an architecture that is used for performing out-of–band signaling in support of the call establishment, billing, routing, and information exchange function for a public switched telephone network (PSTN). The SS7 STP market is experiencing a resurgence based on modernization projects, vendor replacements, and security features/upgrades. It is anticipated that the market will show a growing trend by the 2017 and is estimated a slow decline thereafter.
The market of SS7 Signaling Transfer Point is expected to grow at a fast pace but it will eventually show a decline there after. This decline is due to the major shift of operators to IMS (IP multimedia subsystem) and LTE. The use of Diameter protocol as part of Long Term Evolution (LTE) and IP Multimedia Subsystems (IMS) networks will gradually replace many of the functions previously performed by using SS7/SIGTRAN protocols. Due to this reason various fixed and mobile service providers are deploying Diameter Signaling Controllers (DSC) to provide functions very similar to those of STPs in traditional SS7 networks.
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.
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.
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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.
The global SS7 Signaling Transfer Point market is dived 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.
Global 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.
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- Manufacturers and Suppliers
- SS7 Technology Solution Providers
- Research firms
- Consultancy firms
- Semiconductor Manufacturing Companies
- End-user sectors
- Technology Investors
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