Global Signaling System 7 Market, By Region- Forecast 2023
Pune, India -- (SBWIRE) -- 09/20/2017 -- Market Highlights
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.
SS7 Market Players:
- 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)
- Huawei Technologies Co. Ltd (China)
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Market Research Future Analysis
The Global SS7 market is expected to witness rapid growth in the demand in next couple of years. The global SS7 Signaling Transfer Point market is divided into four major geographies, namely America, Europe, Asia-Pacific and Middle East & Africa. The market in Asia-Pacific (APAC) is expected to grow positively during the forecast period 2017 to 2023. The primary driving factors for this growth are increasing technological adoption and huge opportunities across industry verticals in the APAC countries, especially in South Korea, India, Japan, and China.
- Manufacturers and Suppliers
- SS7 Technology Solution Providers
- Research firms
- Consultancy firms
- Semiconductor Manufacturing Companies
- End-user sectors
- Technology Investors
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