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 session initiation protocol (SIP) trunking services market The global session initiation protocol (SIP) trunking services market size is expected to grow from $11.60 billion in 2021 to $19,463.4 million in 2026 at a rate of 10.9%. The global session initiation protocol (SIP) trunking services market size is then expected to grow at a CAGR of 11.0% from 2026 and reach $32.80 billion in 2031.

SIP trunking allows users to achieve instant ROI and it is expected to drive the SIP trunking market.

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The session initiation protocol (SIP) trunking services market consists of sales of session initiation protocol (SIP) trunking services by entities (organizations, sole traders and partnerships) that is offered by a communications service provider that uses the SIP protocol to provide voice over IP (VoIP) connectivity between the on-premises phone system and the public switched telephone network (PSTN). The SIP trunking service is used for call establishment, session management, 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 global session initiation protocol (SIP) trunking services market, accounting for 34.3% of the global market in 2021.

Cloud based SIP trunking service is a key trend gaining popularity in the SIP trunking service market. SIP trunking service providers are offering cloud-based SIP or VoIP that help in managing virtual communications. Cloud based SIP trunking helps in reducing cost, as the provider takes the responsibility for SIP trunks.

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

Major Market Players: AT&T Inc., Verizon Communications Inc., Lumen Technologies, Inc., Twilio Inc., GTT Communications, Inc.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Session Initiation Protocol (SIP) Trunking Services Market Report 2022 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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