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SIP trunking allows users to achieve instant ROI and it is expected to drive the SIP trunking market. In the digital transformation market, as per The Business Research Company’s session initiation protocol (SIP) trunking services market opportunities and strategies report.

The session initiation protocol (SIP) trunking services market is expected to grow 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.

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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.

Companies in SIP trunking services are offering Bring Your Own Carrier (BYOC) to businesses of all sizes to reduce costs, gain greater control of their inbound and outbound call traffic and better manage their numbers. BYOC SIP trunking also helps increase redundancy and resilience, by reducing the dependence on the service provider.

The Global Session Initiation Protocol (SIP) Trunking Services Market Is Segmented:
By Type: Hosted, On-Premise

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

By End-User: R 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 is the largest region in the global session initiation protocol (SIP) trunking services market.

TBRC’s Session Initiation Protocol (SIP) Trunking Services Market Report Covers:

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 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough session initiation protocol (SIP) trunking services market research, analyzes and forecasts session initiation protocol (SIP) trunking services market size, session initiation protocol (SIP) trunking services market share, session initiation protocol (SIP) trunking services market players, session initiation protocol (SIP) trunking services market trends, session initiation protocol (SIP) trunking services market segmentation 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.

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).

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