SS7 Market Scope
The SS7 Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis. SS7 Market is Predicted to Reach US$ 599 Million by 2030 Registering a CAGR of 4.10%
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)
NetNumber Inc. (Netherlands)
Huawei Technologies Co. Ltd (China)
Ribbon Communications (US)
Ericsson AB (Sweden)
Dialogic Corporation (US)
TNS Inc. (US)
PCCW Global (Hong Kong)
SS7 Market Drivers
Growing migration to the intelligent network to improve overall network reliability is accelerating market development. In addition, the increasing adoption of SS7 over asynchronous transfer mode (ATM), migration to IP, and the rising demand for SMSC and MSC due to the expansion of SMS drives boost the market growth. Moreover, increasing growth in the telecommunications sector worldwide offers substantial opportunities for market players.
Despite lucrative growth opportunities, factors such as lack of technological expertise and network security are expected to limit the signaling system 7 (SS7) market growth. SS7 is strongly clings to 2G & 3G networks, which is one of the major complexities of the roaming technology. Changing trends in network techniques are projected to hinder the market during the forecast period.
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Compatibility problems and high installation costs are also likely to slow down the SS7 market share. Most mobile operators are looking to shut down 2G/3G networks due to a growing preference for 4G and 5G networks, serving as a big headwind for the growth of the market.
By regions, the global SS7 market has been segmented into North America, Asia Pacific, Europe, and the rest of the world.
North America to lead the global market
North America is the leader of the global SS7 market and will continue to retain its market position throughout the evaluation period. Factors such as technological advancements and early migration to the Advanced Intelligent Network (AIN) and Intelligent Networks (IN) are driving the SS7 market growth.
In addition, the growing uptake of SS7 to handle intelligent routing, screening, and number portability (NP) services in the region increases the SS7 market share. The US market leads the regional market, followed by Canada and Mexico, primarily due to the well-established telecommunications industry.
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SS7 Market Segmentation
The global SS7 market has been segmented into Component
Rest of the World (RoW)
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