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.
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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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.
Signaling System 7 Market – 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.
Signaling System 7 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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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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