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Major players in the session initiation protocol (SIP) trunking services market include AT&T Inc., Verizon Communications Inc., Lumen Technologies, Inc., Twilio Inc., GTT Communications, Inc.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The session initiation protocol (SIP) trunking services market is expected to reach from $11.61 billion in 2021 to $19.46 billion 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.

North America was the largest region in the global session initiation protocol (SIP) trunking services market.

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).

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

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

The Session Initiation Protocol (SIP) Trunking Services Market Report 2022–Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides an overview of the session initiation protocol (SIP) trunking services market globally and regionally, analyzes and forecasts market size, share, session initiation protocol (SIP) trunking services market players, session initiation protocol (SIP) trunking services market segments, leading competitor revenues, profiles and market shares.

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