The SS7 or Signaling System 7 market gives a standard protocol set for the telecom industries. The Global SS7 market share is projected to have registered growth of 4.10% CAGR in 2030. The SS7 system connects a single mobile phone to another. It is necessary for the exchange of information. This system is required to ensure the right transformation of messages and text. This system also allows the users to switch the network during roaming or outside the country.
SS7 Market is Predicted to Reach US$ 599 Million by 2030 Registering a CAGR of 4.10%
The system was developed in 1975, and since then, nothing has changed much. There are multiple drivers of the market which build the rising market opportunities. This tool plays a key innovation in telecommunication and improving connectivity. The rising innovation of 2G, 3G and, 4G, 5G has bolstered the Signaling System 7 market. Apart from them, the prepaid billing mechanisms also drive the signaling tool market. The ATM trends and the enhanced network reliability bring the new trends that set the market. Moreover, the migration to IP and the growing demand for SMSC and MSC also plays a major role in the industry growth. The increasing demands of the industry also drive the need of the manufacturers.
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At the same time, there are certain restraints in the market which push the market down. The biggest restraint of the Signaling System 7 market is the lack of technical expertise and awareness among people. The high installation costs are another restraint that hinders growth, but because of the new market strategies and the innovation of the market’s key players, the market bounced back.
COVID 19 report of the market
After the disruption of the covid, the market swung for a certain period, and many vendors offered 5G network devices to make the biggest transition. The covid pandemic has hit the telecom industries, and the key players in the market have led to lower investments. But slowly and steadily, the market receives enough appreciation from the key players worldwide. The collaborative efforts of the government organization and the different key players made things possible and lifted the Signaling System 7 market again.
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Segmentation report of the market:
The SS7 market is segmented into the application, type, and region. The market segmentation is divided into the type, which is further segmented into the Comprises Access Link, Cross Link, Bridge Link, Diagonal Link, Fully Associated Link, and Extended Link.
By application, the Signaling System 7 market is segmented into the Comprises Industrial, IT and Telecom, Medical and Healthcare, Oil & Gas, Aerospace and Defence, and Chemical. The market is segmented into North America, APAC, Europe, and the Rest of the World based on region.
Based on region, North America holds the largest share in the Signaling System 7 market. It has maintained the leading position in the industry. In addition, there are many more factors that bring the market to a high level. After the US, many more regions like Canada and Mexico follow the industry. Europe holds the second-highest share in the global market. The increasing adoption of the latest communication networks also increases market growth.
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List of Key Companies
Oracle Corporation (US)
Mitel Networks Corporation (Canada)
NetNumber Inc. (Netherlands)
Ribbon Communications (US)
Ericsson AB (Sweden)
Dialogic Corporation (US)
Huawei Technologies Co. Ltd (China)
TNS Inc. (US)
PCCW Global (Hong Kong)
Table of Content
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL SS7 MARKET, BY COMPONENT
1.2 GLOBAL SS7 MARKET, BY REGION
2 MARKET INTRODUCTION
2.2 SS7 ARCHITECTURE
2.3 SCOPE OF THE STUDY
2.4 RESEARCH OBJECTIVE
2.5 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
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