SS7 Market 2022 Highlights Recent Trends, Market Growth, Business Opportunities till 2030
Posted by Animesh Rao on July 13th, 2022
SS7 Market Overview
SS7 Market is projected to garner a modest valuation by 2030, registering a 4.10% CAGR during the forecast period (2020–2030). The market research report provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth, opportunities, SWOT analysis, expert review, Restraints & Challenges and forecast.
SS7 or Signaling System 7 is a defined set of protocols for the telecom domain. The system establishes a connection from the network of one mobile phone to another. This eventually allows them to share the information required for calls or text messages and ensure the right billing. The continuous SS7 market trends help in improving the connectivity operations, and thus, people are inclining towards this technology more and more. With the increasing demand for taking down the telephone call connection after the call is complete, the SS7 market size is also expanding.
Various advanced solutions for the mechanisms of prepaid billing are also pushing the SS7 market growth to a whole new level. Moreover, the increasing service demand for portability of local numbers, multiple mass-market services, and SMS will also boost the market potential. Increasing shifting towards the intelligent network for uplifting the network reliability has a major role in fuelling the market size expansion. In addition, the adoption of SS7 over ATM or asynchronous transfer mode, demand for MSC and SMSC, and migration to IP are also igniting the growth of the market.
The SS7 market forecast report depicts the overall growth of the market in the forecast years. Along with that, it includes market segmentation which sheds light on different segments of the market. The report contains the regional analysis and industry news. Due to the rising demand for the SS7 technology, the market will witness a major hike in growth in the upcoming years.
SS7 Market Key Players
SS7 Market Segmentation
The global SS7 market is fragmented into various segments on the basis of components and regions. By components, the market is categorized into SS7 firewall, solution, and devices. Based on regions, it is sub-segmented into North America, Asia-Pacific, Europe, and the remaining parts of the world. The North American region includes the US, Mexico, Canada, and the rest of North America. In the Asia-Pacific region, it includes China, India, Japan, South Korea, and others. The European region consists of Germany, Italy, the UK, France, and other parts of Europe.
SS7 Market Regional Analysis
The market is studied on different geographies such as North America, Asia-Pacific, Europe, and the remaining parts of the world. North America is the leading SS7 market shareholder and will continue its position in the forecast period too. Factors such as early migration to advanced intelligent networks and technological advances are going to drive market growth. Furthermore, the increasing uptake of SS7 for managing intelligent routing, number portability, and screening services will increase the market share.
Europe has the second-largest SS7 market share across the globe. The adoption of new communication network protocols and the requirement of high data transfer speed is helping to raise the market demand. Moreover, the innovative technologies availability is pushing the market growth.
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About the AuthorAnimesh Rao
Joined: June 1st, 2021
Articles Posted: 134
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