Pune, India, March 20, 2018 /press release/- Market Research Future Published a Cooked Research Report on Global Signaling System 7 (SS7) Research Report.
Signaling System 7 (SS7) Market – Overview
Signaling system 7 (SS7) are excessively used as a set of telephony signaling protocols that are used as the base for setting up almost all of the public switched telephone network (PSTN) telephone calls around the globe. Market Research Future which focusses on market reports connected to the electronics and semiconductors sector amongst others recently made available a report on this sector. The SS7 market globally is set to expand to achieve revenues of USD 685.3 million approx. by the end of year 2023 while growing with a 2.93 per cent CAGR during the forecast period.
The SS7 makes use of out of band signaling as earlier the signaling in trunks used to occur on an equivalent channel. In SS7 signaling occurs on wholly diverse channels save for the voice channels. The SS7 is a high speed communication protocol that permits high value call related services to be generated. The SS7 typically sets up and breaks down telephone calls however also can be utilized for services like short messaging service, number translation and a variety of other mass market services. The SS7 can develop successfully over the approaching year and will be an irreplaceable component of operator networks worldwide. The dependableness issue of SS7 is one among the foremost necessary reason for its growth and demand in such competitive market. The factors for the expansion of the marketplace for SS7 area unit the high volume of handsets that exist within the market that largely rely on the SS7 protocol, most of the users in the market also own over 1 hand set and more importantly the use of handsets has percolated in almost all levels of the population.
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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.
Detailed Regional Analysis
The SS7 Signaling Transfer Point market globally is divided into four major regions such as Europe, America, Asia-Pacific and Middle East & Africa. The SS7 Signaling Transfer Point sector was assessed to be worth USD 654.7 million in the year 2016. The North American market had garnered the biggest market portion with USD 249.6 million in 2016. The Asian market region offers a vast growth potential for SS7 Signaling Transfer Point owing to the rapid technological progress and existence of a great number of industries. The Asian countries are likely to register the highest CAGR of 3.75 per cent over the forecast period which is from 2016 to 2022, due to rising demand in investments and technology by numerous network operators in the area.
Global Competitive Analysis
The trend for diversification in the industry has enabled the competitors to access the profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be fruitful for companies so they can fix target that can uphold their commercial enterprise's liquidity to take the most active decisions in terms of strategy execution and designing.
The noteworthy players in the market for SS7 sector are Ericsson AB (Sweden), Dialogic Inc (U.S.), Sonus Networks, Inc (U.S.), NetNumber, Inc (U.S.), Tieto Oyj (Finland), Mitel Networks (Canada) Oracle Corporation (U.S.) and Huawei Technologies Co. Ltd (China) among others.