The global SS7 market is garnering substantial traction continually. The market growth attributes to the rising demand for tear down telephone calls sets up and advanced solutions for prepaid billing mechanisms, local number portability, short message service (SMS), and various mass-market services. This SS7 technology is one of the key innovations in telecommunication, which further improves the operation of 2G and 3G connectivity.
Moreover, the migration to the intelligent network, which has increased the network's overall reliability, escalates the market growth. According to Market Research Future (MRFR), the global SS7 market is expected to grow at 3.1% CAGR during the forecast period (2019-2025). Also, the increasing adoption of SS7 over asynchronous transfer mode (ATM), migration to IP, and the growing demand for SMSC and MSC due to expansion of SMS drive boost the growth of the market.
The SS7 has diverse application areas, such as data center & enterprise networking, and industrial automation, which increases the size of the market. Moreover, the increasing uptake of SS7 firewall, solutions, and devices offers ample scope of growth to the market and players. Augmenting demand for SS7 units from the burgeoning telecom industry positively impacts the market growth. Also, high bandwidth-switches would drive market growth exponentially.
Conversely, the lack of technical expertise and network security is a major factor estimated to impede the growth of the market. Also, the roaming complexity of the technology, such as SS& firmly clings to 2G & 3G networks, poses challenges to the market growth. Moreover, mobile operators looking to shut down these networks and increasing preference for 4G and 5G networks restrict market sales.
The report is segmented into two dynamics:
By Component : SS7 Firewall, Solutions, and Devices.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4153
North America dominates the global SS7 market. The largest market share attributes to the technological advances and the early migration to the advanced intelligent network (AIN) and intelligent networks (IN). Besides, rising uptake of SS7 to manage intelligent routing, screening services, and number portability (NP), drives the growth of the regional market growth. The North American SS7 market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global SS7 market. The market growth is driven by the rising adoption of the latest communication network protocols and the need for high data transfer speeds across the region. Moreover, the availability of innovative technologies and the presence of many leading players in the region push the regional market growth.
High spending on connectivity devices and growing technology environment in the US and Germany acts as major tailwinds for the regional market growth. The European SS7 market is estimated to grow at the fastest rate during the forecast period.
The Asia Pacific SS7 market is growing rapidly. Factors such as the widening adoption of SS7 technology in respective devices and solutions create substantial market demand. Additionally, the high demand for high-speed internet services and boost the growth of the market. Rapidly developing countries such as China, India, and Japan has a huge potential for revenue generation.
As a result, these APAC countries are considered as significant contributors to the growth of the regional SS7 market. Enormous spending in defense communication technologies and the space industry to get long-term solutions for high-end connectivity, impact the growth of the market, positively.
Players leading the global SS7 market include Oracle Corporation (US), Mitel Networks Corporation (Canada), Tieto (Finland), Ribbon Communications (US), Ericsson AB (Sweden), NetNumber Inc. (Netherlands), Huawei Technologies Co., Ltd (China), TNS Inc. (US), Dialogic Corporation (US), and PCCW Global (Hong Kong), among others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/ss7-market-4153