Global Session Initiation Protocol (SIP) Trunking Services Market
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Global Session Initiation Protocol (SIP) Trunking Services Market Outlook, Opportunities And Strategies

Learn about the global session initiation protocol (SIP) trunking services market through The Business Research Company, which provides information on session initiation protocol (SIP) trunking services market size, session initiation protocol (SIP) trunking services market drivers and restraints, session initiation protocol (SIP) trunking services market players, the COVID-19 impact on the session initiation protocol (SIP) trunking services market, and more.

The global session initiation protocol (SIP) trunking services market is expected to grow from $11.29 billion in 2020 to $13.03 billion in 2021 at a compound annual growth rate (CAGR) of 15.4%. The change in growth trend of the SIP trunking service market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The SIP trunking service market is expected to reach $20.67 billion in 2025 at a CAGR of 12.2%.

The reduction in communication costs are expected to drive session initiation protocol (SIP) trunking services manufacturing, thus driving the market during the forecast period.

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The SIP trunking service market consists of sales of session initiation protocol (SIP) trunk and related services by entities (organizations, sole traders, and partnerships) that is offered by a communications service provider that uses the ability to give voice over IP (VoIP) connectivity between the on-premises phone system and public switched telephone network (PSTN). The SIP trunking service is used for call establishment, administration and teardown. SIP trunks are sold as a replacement for the digital primary rate interface (PRI), which is based on time-division multiplexing (TDM).

Global session initiation protocol (SIP) trunking services market segments include:

By Type: Hosted, On Premise

By Organization Size: Small Businesses, Mid-Sized Businesses, Large Enterprises

 By End User: BFSI, Healthcare And Life Sciences, Telecommunications And IT, Government And Public Sector, Manufacturing, Consumer Goods And Retail, Media And Entertainment, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the Session Initiation Protocol (SIP) trunking services market in 2020.

Cloud-based SIP trunking service is a key trend gaining popularity in the SIP trunking service market. SIP trunking service providers offer cloud-based SIP or VoIP (Voice over IP) that can be bought and maintained virtually without any hassle. It has reduced service cost, the provider takes all the responsibility for SIP trunks, bandwidth and the best part of a cloud-based SIP trunk is that the system can be accessed from anywhere at any time.

TBRC’s session initiation protocol (SIP) trunking services market report covers:

Major Market Players: 8×8 Inc., Verizon Communications, 3CX, AT&T Inc, Bandwidth, BT Group plc, CenturyLink, Colt Inc., Flowroute, Fusion Connect, Inc., GTT Communications Inc., IntelePeer Inc., Level 3 Communications, Mitel Networks Corporation, Net2Phone, Nextiva Inc., NTT Communications Corporation, Rogers Communications, Tata Communications Ltd., Telstra Inc., Twilio Inc., Vodafone Group PLC, Vonage Holdings Corporation, Voyant Communications LLC., West Corporation, Allstream Inc., Plivo Inc, Ringcentral Inc., Sangoma Technologies Corporation, ShoreTel Inc., and Sprint Corporations.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Session Initiation Protocol (SIP) Trunking Services Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides session initiation protocol (SIP) trunking services market overviews, analyzes and forecasts market size, share, session initiation protocol (SIP) trunking services market players, session initiation protocol (SIP) trunking services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s session initiation protocol (SIP) trunking services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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