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SS7 Market Growth Projections and Opportunities
Growing Trends in the Global SS7 Market The global SS7 market is set to grow steadily from 2019 to 2025. The move towards intelligent networks has improved the overall reliability of networks. The increasing preference for SS7 over asynchronous transfer mode (ATM) is driving market growth. However, challenges such as roaming complexity and insufficient network security may hinder the market's expansion. Regional Insights: North America: Leading the market with the largest global share, North America benefits from its technological prowess and early adoption of advanced intelligent network (AIN) and intelligent networks (IN).
The mature North American market, with extensive use of SS7 for managing intelligent routing, screening services, and number portability (NP), anticipates gradual growth. For analysis, North America is segmented into the US, Canada, and Mexico. Europe: Securing the second-largest global share, Europe experiences growth due to telecom developments and a robust networking infrastructure. These factors create a favorable environment for SS7 market growth in the forecast period.
Middle East & Africa: The Middle East & Africa region is projected to witness the highest Compound Annual Growth Rate (CAGR). The substantial demand for legacy SS7 circuit-switched infrastructure in this region offers significant growth prospects. In summary, the global SS7 market is evolving, with North America taking the lead, followed by Europe, and the Middle East & Africa exhibiting the highest growth potential. Growth Strategies of Vendors in the Global Market To expand their presence globally, these companies have adopted various strategies such as creating new products, forming partnerships and collaborations, and merging with or acquiring other companies. The aim is to enhance their offerings to customers worldwide. The SS7 market is divided into five regions globally—North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 0.43 Billion |
| Market Size Value In 2023 | USD 0.44 Billion |
| Growth Rate | 4.10% (2023-2032) |
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