Industry Outlook and Trend Analysis
The Signalling System 7 Market was worth USD 0.51 billion in 2014 and is expected to reach approximately USD 0.69 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.35% during the forecast period. Signaling System 7 (SS7) is a media communications signalling architecture generally used for the set up and tear down of phone calls. It has a powerful protocol stack that makes use of out-of-band signaling to communicate between components of public switched telephone network (PSTN). Lately it has been superseded by the Diameter signaling protocol on all-IP systems. Signaling in communication is the exchange of control information related with the setup and release of a phone approach a media telecommunications circuit. Examples of control data are the digits dialed by the caller and the caller's functional number. SS7 makes use of basic channel signaling, in which the path and facility used by the signaling is independent and different from the tsignaling without first seizing a voice channel, prompting huge savings and performance enhances in both signaling and use of channel.
Drivers and Restraints
The elements adding to the development of the market are switch to intelligent network has expanded the general reliability of the network, expanding flagging system7 over asynchronous transfer mode (ATM), relocation to IP and expanding demand for SMSC and MSC because of extension of SMS drive. Nonetheless, factors, for example, roaming complexity and absence of network security are impeding the development of the SS7 market.
The Signalling System 7 Market is segmented on the basis of type and application. On the basis of type the market is segmented into comprises access link, bridge link, cross link, diagonal link, extended link and fully associated link. Based on application the market is segmented into comprises industrial, medical and healthcare, it and telecom, aerospace and defence, oil & gas and chemical.
Regional Outlook and Trend Analysis
North America represented the biggest share of the market with USD 249.6 million in 2016. The Asian area offers an immense development potential for SS7 Signaling Transfer Point because of fast technological advancement and presence of an extensive number of ventures. Asian nations are foreseen to enrol the highest CAGR of 3.75% over the conjecture time frame, 2016-2022, inferable from increment request in innovation and speculations by different system administrator in the region.
The major players in the market are Sonus Networks, Dialogic Networks (India) Pvt Ltd, Ericsson, Oracle Corporation, Mitel, Huawei, Tieto and NetNumber Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Signalling System 7 Market is segmented as follows-
Comprises Access Link
Fully Associated Link
Medical and Healthcare
IT and Telecom
Aerospace and Defence
Oil & Gas
Rest of Europe
Rest of Asia-Pacificz
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?