Global Signaling System 7 Market Overview
A signaling system 7 refers to a set of reserved or dedicated channels called signal links. It is a set of signaling protocols which is used to set up and tear down calls in many public switched telephone networks (PSTN) across the globe. There are three types of network signaling points namely, service switching points (SSPs), service control points (SCPs), and signal transfer points (STPs). SSPs set up or terminate a call and communicate with SCPs on the SS7 network to understand how to route a call or set up another special feature. Signal transfer points (STPs) route the SS7 network traffic. Service control points (SCPs) and service transfer points (STPs) generally copulate to confirm seamless network services even if one of the network points fails.
The Signaling System 7 Market is anticipated to garner a revenue of USD 685.3 mn by the end of the forecast period, as stated in the latest report published by Market Research Future. The global signaling system 7 market is witnessing surging growth due to proliferation observed in the telecommunications industry. High value calls permitted by the SS7, high-speed communication, and the dependability on SS7 are some of the factors heavily contributing to the growth of the global signaling system 7 market. Further, the prevalence of a large volume of handsets in the market has propelled the need for SS7 adoption, contributing majorly to the expansion of the signaling system 7 market. Additionally, a shift towards an intelligent network, gradual negation of the asynchronous transfer mode, and migration to internet protocol (IP) are some of the factors that are further propelling growth in the SS7 market. The global SS7 market is predicted to register a steady growth rate of 2.93% during the assessment period.
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Industry Update
GL Telecommunications has announced the latest test solution for SS7/SIGTRAN network security in the recent newsletter. The solution named MAPS SS7 Solution is capable of deploying its network and surveillance solution at the probe level to monitor the network traffic constantly. GL Telecommunications is a global leader in the telecom test and measurement solutions.
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.
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.
Regional Analysis:
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.
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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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