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SIP Trunking Market

2021

SIP Trunking Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Deployment Type (On-premise and Hosted), Enterprise Size (Small & Medium Businesses, Large Enterprises), and End User (Education, IT & Telecom, Retail, Media & Entertainment, BFSI, Healthcare, Government)

Publication Month: Dec 2020 | Report Code: TIPTE00002281 | No. of Pages: 166 | Category: Technology, Media and Telecommunications | Status: Published

Market Insights

SIP Trunking Market to Grow at a CAGR of 10.8% to reach US$ 30.22 Billion from 2020 to 2027

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The SIP trunking market was valued at US$ 13.44 billion in 2019 and is projected to reach US$ 30.22 billion by 2027. The SIP trunking market is expected to grow at a CAGR of 10.8% during the forecast period of 2020 to 2027.

Telecommunication networks are getting evolved at a rapid rate as business are transforming toward globalization. International business calling services is gaining traction as communicating with other country clients, investors, and distributors has become simple and faster. Supporting infrastructure development of communication and logistic network is boosting the IP based call services ratio. Increasing use of smartphones, laptops, and cloud platforms with supporting infrastructural growth inexorably transformed the telecommunication industry. Advent of 5G, fiber optic, and other connectivity services enhanced the growth of Internet services in developed as well as developing nations. Rising development in Internet-based voice calling services is accelerating the SIP trunking market growth. Growing competition in voice carrying business has increased pressure on market players.

Increasing adoption of internet-based calling apps and services is getting supported by the growing sale of smartphones and other network connected devices. The global SIP trunking market is segmented in terms of deployment type, end user, organization size, and geography. Based on deployment type, the market is segmented into on-premise and hosted. In terms ofend user, the market is segmented into education, IT &telecom, retail, media &entertainment, BFSI, healthcare, and government. Based on organization size, the market is segmented into small &medium businesses and large enterprises. Based on region, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East &Africa (MEA), and South America (SAM).

Impact of COVID-19 Pandemic on SIP Trunking Market

The COVID-19 pandemic has hampered the economic growth of almost every country. Office premises, public places, schools, and transportation remained closed, which declined market growth owing to low communications over voice. The telecommunication industry took several hits as the demand for business communication services decreased. The revenue model for voice has declined as no operations were carried during the lockdown period. On other hand, post lockdown, the market is emerged with a new growth model as businesses shifted toward remote working and work from home models. Communicational channel evolved with SIP trunking technology with supporting software and apps for laptops and smartphones. For instance, according to the i3forum, international voice traffic increased by 20% in March 2020, compared to the same month in 2019.

Lucrative Regions in SIP trunking Market

Lucrative Regions in SIP trunking Market

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SIP trunking Market Insights

Rising Penetration of IP(Internet Protocol)-based Services

Change in telecommunication network system is inevitable, as technology is evolving at a rapid rate with increasing competition in the market for improving the service quality. Customers always adopt services that offer greater benefits at low cost; similarly, SIP trunking offers enhanced benefits for voice calling over traditional PSTN (public switched telephone network) based telephones. SIP trunking has improvised the international voice communication by reducing call charges by almost 70%, which were otherwise charged exorbitantly over traditional telephones. Also, strong infrastructure development to support Internet growth has helped SIP trunking to increase its market footprint. Various supporting factors, such as faster Internet service, low cost, and rise in 5G,are accelerating the SIP trunkingmarket growth.

Deployment-Based Market Insights

Internet service providers and users are growing at an exponential growth rate due to the supporting infrastructural growth and demand from the market. Internet traffic, specifically voice, is increased at a significant rate with rise in international voice calling from retailers, businesses, and personal customers. Telecom operators are adhered to provide high quality service for the customers to sustain and grow in a competitive market. Carrier service providers consistently monitor the traffic to assure the highest quality of IP-based voice calling services. Growing demand for low-cost solutions from small and medium businesses has highlighted the importance of hosted SIP trunking solution deployment in the market. In terms of deployment type, the SIP trunking market is segmented into on-premise and hosted.

SIP trunking Market, by Deployment Type– 2019 and 2027

SIP trunking Market, by Deployment Type– 2019 and 2027

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Organization Size-Based Market Insights

In terms of organization size, the market is segmented into large enterprises and small & medium businesses. Small businesses are adopting digital technologies and are more concerned toward cost saving solutions. SIP trunking solutions offer low-cost communication portal for businesses which suffice the urge of small and medium businesses to expand business footprint in various regional markets. On the other hand, large enterprises already have offices, customers, and employees located at different places worldwide, hence to form strong communication channel at lower cost, SIP trunking solution is widely used.

End User-Based Market Insights

Based on end user, the market is segmented into education, IT &telecom, retail, media &entertainment, BFSI, healthcare, and government. BFSI is adopting the SIP trunking solution at higher rate as maintaining customer trust and strong relationship is of utmost importance, for which advanced communication technology is a crucial element. SIP trunking offers wider benefits for BFSI sector, such as cost saving, availability of direct inward dialing as per requirement, and streamlining the management of network.

Strategic Insights

Players operating in the SIP trunking market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the SIP trunking market. A few developments by key players of the SIP trunking market are:

In November, 2020,Vonage declared a strategic reseller partnership of Vonage Contact Center with Evolution to offer services across Spain. This agreement reinforces Evolution’s position as a leading independent cloud-based service provider in the region.

In 2019, Verizon Enterprise Solutions introduced voice services to let its customers combine with a Microsoft unified communications platform. The collaboration service integrates direct routing and SIP trunk connectivity, and helps Verizon’s network customers embed their voice infrastructures in the Microsoft Teams platform. Verizon’s Session Border Control as a Service powers the new service.

SIP trunking Market – Deployment Type

  • On-premise
  • Hosted

SIP trunking Market – by End User

  • Education
  • IT &Telecom
  • Retail
  • Media &Entertainment
  • BFSI
  • Healthcare
  • Government


SIP trunking Market – by Organization Size

  • Small &Medium Businesses
  • Large Enterprises


SIP trunking Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East &Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM


SIP trunking Market – Company Profiles

  • 8x8, INC.
  • AT&T Inc.
  • RINGCENTRAL INC.
  • PLIVO INC.
  • Telstra Corporation Limited
  • VERIZON COMMUNICATIONS INC.
  • VONAGE
  • TWILIO, INC
  • CENTURYLINK
  • BANDWIDTH INC.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 SIP Trunking Market – By Deployment Type

1.3.2 SIP Trunking Market – By End User

1.3.3 SIP Trunking Market – By Organization Size

1.3.4 SIP Trunking Market- By Region

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SIP Trunking Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East & Africa

4.2.5 South America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Sip Trunking–Market Dynamics

5.1 Market Drivers

5.1.1 Widespread usage of IP-based Services

5.1.2 Advent of Low-cost Services

5.2 Market Restraints

5.2.1 Rising Concerns over Security

5.3 Market Opportunities

5.3.1 Growing Market Potential for Small & Medium Businesses

5.4 Future Trends

5.4.1 Leveraging Automation Technology

5.5 Impact Analysis Of Drivers And Restraints

6. SIP Trunking – Global Market Analysis

6.1 SIP Trunking: Global Overview

6.2 SIP Trunking Market – Revenue And Forecast To 2027 (USD Million)

6.3 Market Positioning – Global Market Players Ranking

7. SIP Trunking Market Revenue And Forecast To 2027 – Deployment Type

7.1 Overview

7.2 SIP Trunking Market Breakdown, By Deployment Type, 2017 & 2027

7.3 On-Premise

7.3.1 Overview

7.3.2 On-premise Market Forecast and Analysis

7.4 Hosted

7.4.1 Overview

7.4.2 Hosted Market Forecast and Analysis

8. SIP Trunking Market Revenue And Forecast To 2027 – Organization Size

8.1 Overview

8.2 Global SIP Trunking Market Breakdown, By Organization Size, 2017 & 2027

8.3 Small & Medium Businesses

8.3.1 Overview

8.3.2 Small and Medium Businesses Market Forecast and Analysis

8.4 Large Enterprises

8.4.1 Overview

8.4.2 Large enterprises Market Forecast and Analysis

9. SIP Trunking Market Revenue And Forecast To 2027 – End User

9.1 Overview

9.2 SIP Trunking Market Breakdown, By End User, 2017 & 2027

9.3 Education

9.3.1 Overview

9.3.2 Education Market Forecast and Analysis

9.4 It And Telecom

9.4.1 Overview

9.4.2 IT and Telecom Market Forecast and Analysis

9.5 Retail

9.5.1 Overview

9.5.2 Retail Market Forecast and Analysis

9.6 Media And Entertainment

9.6.1 Overview

9.6.2 Media and Entertainment Market Forecast and Analysis

9.7 BFSI Market

9.7.1 Overview

9.7.2 BFSI Market Forecast and Analysis

9.8 Healthcare

9.8.1 Overview

9.8.2 Healthcare Market Forecast and Analysis

9.9 Government

9.9.1 Overview

9.9.2 Government Market Forecast and Analysis

9.10 Others

9.10.1 Overview

9.10.2 Others Market Forecast and Analysis

10. SIP Trunking Market – Geographic Analysis

10.1 Overview

10.2 North America: SIP Trunking Market

10.2.1 North America: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.2.2 North America: SIP Trunking Market, by Deployment Type

10.2.3 North America: SIP Trunking Market, by End User

10.2.4 North America: SIP Trunking Market, by Organization Size

10.2.5 North America: SIP Trunking Market, by Key Country

10.2.5.1 US: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.1.1 US: SIP Trunking Market, by Deployment Type

10.2.5.1.2 US: SIP Trunking Market, by End User

10.2.5.1.3 US: SIP Trunking Market, by Organization Size

10.2.5.2 Canada: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.2.1 Canada: SIP Trunking Market, by Deployment Type

10.2.5.2.2 Canada: SIP Trunking Market, by End User

10.2.5.2.3 Canada: SIP Trunking Market, by Organization Size

10.2.5.3 Mexico: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.3.1 Mexico: SIP Trunking Market, by Deployment Type

10.2.5.3.2 Mexico: SIP Trunking Market, by End User

10.2.5.3.3 Mexico: SIP Trunking Market, by Organization Size

10.3 Europe: SIP Trunking Market

10.3.1 Europe: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.3.2 Europe: SIP Trunking Market, by Deployment Type

10.3.3 Europe: SIP Trunking Market, by End User

10.3.4 Europe: SIP Trunking Market, by Organization Size

10.3.5 Europe: SIP Trunking Market, by Key Country

10.3.5.1 Germany: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.1.1 Germany: SIP Trunking Market, by Deployment Type

10.3.5.1.2 Germany: SIP Trunking Market, by End User

10.3.5.1.3 Germany: SIP Trunking Market, by Organization Size

10.3.5.2 France: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.2.1 France: SIP Trunking Market, by Deployment Type

10.3.5.2.2 France: SIP Trunking Market, by End User

10.3.5.2.3 France: SIP Trunking Market, by Organization Size

10.3.5.3 Italy: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.3.1 Italy: SIP Trunking Market, by Deployment Type

10.3.5.3.2 Italy: SIP Trunking Market, by End User

10.3.5.3.3 Italy: SIP Trunking Market, by Organization Size

10.3.5.4 UK: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.4.1 UK: SIP Trunking Market, by Deployment Type

10.3.5.4.2 UK: SIP Trunking Market, by End User

10.3.5.4.3 UK: SIP Trunking Market, by Organization Size

10.3.5.5 Russia: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.5.1 Russia: SIP Trunking Market, by Deployment Type

10.3.5.5.2 Russia: SIP Trunking Market, by End User

10.3.5.5.3 Russia: SIP Trunking Market, by Organization Size

10.3.5.6 Rest of Europe: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.6.1 Rest of Europe: SIP Trunking Market, by Deployment Type

10.3.5.6.2 Rest of Europe: SIP Trunking Market, by End User

10.3.5.6.3 Rest of Europe: SIP Trunking Market, by Organization Size

10.4 APAC: SIP Trunking Market

10.4.1 APAC: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.4.2 APAC: SIP Trunking Market, by Deployment Type

10.4.3 APAC: SIP Trunking Market, by End User

10.4.4 APAC: SIP Trunking Market, by Organization Size

10.4.5 APAC: SIP Trunking Market, by Key Country

10.4.5.1 China: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.1.1 China: SIP Trunking Market, by Deployment Type

10.4.5.1.2 China: SIP Trunking Market, by End User

10.4.5.1.3 China: SIP Trunking Market, by Organization Size

10.4.5.2 India: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.2.1 India: SIP Trunking Market, by Deployment Type

10.4.5.2.2 India: SIP Trunking Market, by End User

10.4.5.2.3 India: SIP Trunking Market, by Organization Size

10.4.5.3 Japan: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.3.1 Japan: SIP Trunking Market, by Deployment Type

10.4.5.3.2 Japan: SIP Trunking Market, by End User

10.4.5.3.3 Japan: SIP Trunking Market, by Organization Size

10.4.5.4 South Korea: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.4.1 South Korea: SIP Trunking Market, by Deployment Type

10.4.5.4.2 South Korea: SIP Trunking Market, by End User

10.4.5.4.3 South Korea: SIP Trunking Market, by Organization Size

10.4.5.5 Australia: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.5.1 Australia: SIP Trunking Market, by Deployment Type

10.4.5.5.2 Australia: SIP Trunking Market, by End User

10.4.5.5.3 Australia: SIP Trunking Market, by Organization Size

10.4.5.6 Rest of APAC: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.6.1 Rest of APAC: SIP Trunking Market, by Deployment Type

10.4.5.6.2 Rest of APAC: SIP Trunking Market, by End User

10.4.5.6.3 Rest of APAC: SIP Trunking Market, by Organization Size

10.5 MEA: SIP Trunking Market

10.5.1 MEA: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.5.2 MEA: SIP Trunking Market, by Deployment Type

10.5.3 MEA: SIP Trunking Market, by End User

10.5.4 MEA: SIP Trunking Market, by Organization Size

10.5.5 MEA: SIP Trunking Market, by Key Country

10.5.5.1 South Africa: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.1.1 South Africa: SIP Trunking Market, by Deployment Type

10.5.5.1.2 South Africa: SIP Trunking Market, by End User

10.5.5.1.3 South Africa: SIP Trunking Market, by Organization Size

10.5.5.2 Saudi Arabia: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.2.1 Saudi Arabia: SIP Trunking Market, by Deployment Type

10.5.5.2.2 Saudi Arabia: SIP Trunking Market, by End User

10.5.5.2.3 Saudi Arabia: SIP Trunking Market, by Organization Size

10.5.5.3 UAE: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.3.1 UAE: SIP Trunking Market, by Deployment Type

10.5.5.3.2 UAE: SIP Trunking Market, by End User

10.5.5.3.3 UAE: SIP Trunking Market, by Organization Size

10.5.5.4 Rest of MEA: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.4.1 Rest of MEA: SIP Trunking Market, by Deployment Type

10.5.5.4.2 Rest of MEA: SIP Trunking Market, by End User

10.5.5.4.3 Rest of MEA: SIP Trunking Market, by Organization Size

10.6 SAM: SIP Trunking Market

10.6.1 SAM: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.6.2 SAM: SIP Trunking Market, by Deployment Type

10.6.3 SAM: SIP Trunking Market, by End User

10.6.4 SAM: SIP Trunking Market, by Organization Size

10.6.5 SAM: SIP Trunking Market, by Key Country

10.6.5.1 Brazil: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.1.1 Brazil: SIP Trunking Market, by Deployment Type

10.6.5.1.2 Brazil: SIP Trunking Market, by End User

10.6.5.1.3 Brazil: SIP Trunking Market, by Organization Size

10.6.5.2 Argentina: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.2.1 Argentina: SIP Trunking Market, by Deployment Type

10.6.5.2.2 Argentina: SIP Trunking Market, by End User

10.6.5.2.3 Argentina: SIP Trunking Market, by Organization Size

10.6.5.3 Rest of SAM: SIP Trunking Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.3.1 Rest of SAM: SIP Trunking Market, by Deployment Type

10.6.5.3.2 Rest of SAM: SIP Trunking Market, by Organization Size

10.6.5.3.3 Rest of SAM: SIP Trunking Market, by End User

11. Impact Of COVID-19 Pandemic On Global SIP Trunking Market

11.1 Overview

11.1.1 North America: Impact Assessment of COVID-19 Pandemic

11.1.2 Europe: Impact Assessment of COVID-19 Pandemic

11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.1.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11.1.5 South America: Impact Assessment of COVID-19 Pandemic

12. Global SIP Trunking Market-Industry Landscape

12.1 Overview

12.2 Market Initiative

13. Company Profiles

13.1 8X8, INC.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 AT&T Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 RINGCENTRAL, INC.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 PLIVO INC

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Telstra Corporation Limited

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 VERIZON COMMUNICATIONS, INC.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 VONAGE

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 TWILIO INC

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 CENTURYLINK

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 BANDWIDTH INC

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary Of Terms

LIST OF TABLES

Table 1. SIP Trunking Market – Revenue, and Forecast to 2027 (USD Million)

Table 2. North America: SIP Trunking Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 3. North America: SIP Trunking Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 4. North America: SIP Trunking Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 5. US: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 6. US: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 7. US: SIP Trunking Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 8. Canada: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 9. Canada: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 10. Canada: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 11. Mexico: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 12. Mexico: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 13. Mexico: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 14. Europe: SIP Trunking Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 15. Europe: SIP Trunking Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 16. Germany: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 17. Germany: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 18. Germany: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 19. France: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 20. France: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 21. France: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 22. Italy: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 23. Italy: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 24. Italy: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 25. UK: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 26. UK: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 27. UK: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 28. Russia: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 29. Russia: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 30. Russia: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 31. Rest of Europe: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 32. Rest of Europe: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 33. Rest of Europe: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 34. APAC: SIP Trunking Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 35. APAC: SIP Trunking Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 36. APAC: SIP Trunking Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 37. China: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 38. China: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 39. China: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 40. India: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 41. India: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 42. India: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 43. Japan: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 44. Japan: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 45. Japan: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 46. South Korea: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 47. South Korea: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 48. South Korea: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 49. Australia: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 50. Australia: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 51. Australia: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 52. Rest of APAC: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 53. Rest of APAC: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 54. Rest of APAC: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 55. Middle East and Africa SIP trunking, by Deployment Type – Revenue and Forecast to 2027 (USD Million)

Table 56. MEA: SIP Trunking Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 57. MEA: SIP Trunking Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 58. South Africa: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 59. South Africa: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 60. South Africa: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 61. Saudi Arabia: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 62. Saudi Arabia: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 63. Saudi Arabia: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 64. UAE: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 65. UAE: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 66. UAE: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 67. Rest of MEA: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 68. Rest of MEA: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 69. Rest of MEA: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 70. SAM: SIP Trunking Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 71. SAM: SIP Trunking Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 72. SAM: SIP Trunking Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 73. Brazil: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 74. Brazil: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 75. Brazil: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 76. Argentina: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 77. Argentina: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 78. Argentina: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 79. Rest of SAM: SIP Trunking Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)

Table 80. Rest of SAM: SIP Trunking Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)

Table 81. Rest of SAM: SIP Trunking Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 82. Glossary of Terms

LIST OF FIGURES

Figure 1. SIP Trunking Market Segmentation

Figure 2. SIP Trunking Market Segmentation – By Geography

Figure 3. Global SIP Trunking Market Overview

Figure 4. Global SIP Trunking Market –Deployment Type

Figure 5. Global SIP Trunking Market – Organization Size

Figure 6. Global SIP Trunking Market – End User

Figure 7. North America – PEST Analysis

Figure 8. Europe – PEST Analysis

Figure 9. Asia Pacific – PEST Analysis

Figure 10. Middle East & Africa – PEST Analysis

Figure 11. South America – PEST Analysis

Figure 12. SIP Trunking Market- Ecosystem Analysis

Figure 13. SIP Trunking Market Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of SIP Trunking Market

Figure 15. Global: SIP Trunking Market – Revenue and Forecast to 2027 (USD Million)

Figure 16. Global SIP Trunking Market Breakdown, By deployment type, 2017 & 2027 (%)

Figure 17. Global On-Premise Market Revenue and Forecast to 2027 (US$ Mn)

Figure 18. hosted Market Revenue and Forecast to 2027 (US$ Mn)

Figure 19. Global SIP Trunking Market Breakdown, By Organization Size, 2017 & 2027 (%)

Figure 20. Small Businesses Market Revenue and Forecast to 2027 (US$ Mn)

Figure 21. Large enterprises Market Revenue and Forecast to 2027 (US$ Mn)

Figure 22. SIP Trunking Market Breakdown, By END USER, 2017 & 2027 (%)

Figure 23. EDUCATION Market Revenue and Forecast to 2027 (US$ Mn)

Figure 24. IT AND TELECOM Market Revenue and Forecast to 2027 (US$ Mn)

Figure 25. Global Retail Market Revenue and Forecast to 2027 (US$ Mn)

Figure 26. Media and Entertainment Market Revenue and Forecast to 2027 (US$ Mn)

Figure 27. BFSI Market Revenue and Forecast to 2027 (US$ Mn)

Figure 28. Healthcare Market Revenue and Forecast to 2027 (US$ Mn)

Figure 29. Government Market Revenue and Forecast to 2027 (US$ Mn)

Figure 30. Others Market Revenue and Forecast to 2027 (US$ Mn)

Figure 31. SIP Trunking Market Revenue Share, By Region (2019 and 2027)

Figure 32. North America: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 33. North America: SIP Trunking Market Revenue Share, by Deployment Type (2019 and 2027)

Figure 34. North America: SIP Trunking Market Revenue Share, by End User (2019 and 2027)

Figure 35. North America: SIP Trunking Market Revenue Share, by Organization Size (2019 and 2027)

Figure 36. North America: SIP Trunking Market Revenue Share, By Key Country (2019 and 2027)

Figure 37. US: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 38. Canada: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 39. Mexico: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 40. Europe: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 41. Europe: SIP Trunking Market Revenue Share, By End User (2019 and 2027)

Figure 42. Europe: SIP Trunking Market Revenue Share, By Organization Size (2019 and 2027)

Figure 43. Europe: SIP Trunking Market Revenue Share, By Key Country (2019 and 2027)

Figure 44. Germany: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 45. France: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 46. Italy: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 47. UK: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 48. Russia: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 49. Rest of Europe: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 50. APAC: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 51. APAC: SIP Trunking Market Revenue Share, by Deployment Type (2019 and 2027)

Figure 52. APAC: SIP Trunking Market Revenue Share, By End User (2019 and 2027)

Figure 53. APAC: SIP Trunking Market Revenue Share, by Organization Size (2019 and 2027)

Figure 54. APAC: SIP Trunking Market Revenue Share, By Key Country (2019 and 2027)

Figure 55. China: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 56. India: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 57. Japan: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 58. South Korea: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 59. Australia: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 60. Rest of APAC: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 61. MEA: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 62. MEA: SIP Trunking Market Revenue Share, by Deployment Type (2019 and 2027)

Figure 63. MEA: SIP Trunking Market Revenue Share, By End User (2019 and 2027)

Figure 64. MEA: SIP Trunking Market Revenue Share, By Organization Size (2019 and 2027)

Figure 65. MEA: SIP Trunking Market Revenue Share, By Key Country (2019 and 2027)

Figure 66. South Africa: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 67. Saudi Arabia: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 68. UAE: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 69. Rest of MEA: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 70. SAM: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 71. SAM: SIP Trunking Market Revenue Share, by Deployment Type (2019 and 2027)

Figure 72. SAM: SIP Trunking Market Revenue Share, By End User (2019 and 2027)

Figure 73. SAM: SIP Trunking Market Revenue Share, By Organization Size (2019 and 2027)

Figure 74. SAM: SIP Trunking Market Revenue Share, by Key Country (2019 and 2027)

Figure 75. Brazil: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 76. Argentina: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 77. Rest of SAM: SIP Trunking Market – Revenue and Forecast To 2027 (US$ Million)

Figure 78. Impact of COVID-19 Pandemic in North American Country Markets

Figure 79. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 80. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 81. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets

Figure 82. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets


The List of Companies  - SIP Trunking Market to 2027

  1. 8X8, INC.
  2. AT&T Inc.
  3. RINGCENTRAL, INC.
  4. PLIVO INC
  5. Telstra Corporation Limited
  6. VERIZON COMMUNICATIONS, INC.
  7. VONAGE
  8. TWILIO INC
  9. CENTURYLINK
  10. BANDWIDTH INC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global SIP trunking market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global SIP trunking market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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Frequently Asked Questions

Internet services and number of users are increasing at an exponential rate owing to growing supporting infrastructure and demand from the market. Internet traffic has been increased with the rise in international voice calling from retailer, businesses, and personal customers. The organizations are demanding enhanced solution for domestic as well as international calling application. SIP trunking is a prominent solution for the business operators to manage their calls at lower cost. SIP trunking is a virtual version of analog phone line that uses internet protocol to offer high quality communication along with cost saving, flexibility, and security for the customers. Traditional telephony services are getting replaced with internet protocol-based voices services for faster and secure communication in domestic as well as international market. Businesses are seeking new technologies, which can support them to expand their business worldwide. Adoption of digital technologies is increasing as companies are remotely operating their offices. The importance of remote monitoring has been enhanced due to the COVID-19 pandemic, which is augmenting the demand for advanced communication solutions. The willingness to expand services at international level as well as to adopt new technologies is the major factor propelling the market growth. It is predicted that SIP trunking can save up to 70% cost spent for traditional telephony services.

The hosted segment led the market in 2019 with highest share and is expected to continue its dominance during the forecast period. Hosted SIP trunking is gaining momentum in the small and medium sized enterprises as they are shifting toward IP based voice calling services. Internet voice calling services are supporting small businesses to expand their reach in global market. Offering international call at lowest price is a prominent factor that will drive small enterprises to expand their business operation at international level. Hosted SIP trunking is mainly preferred by small and medium enterprises as it eliminates the cost of hardware installation, maintenance, and additional IT overheads. Third-party SIP trunking service providers manage all the installation and maintenance operation, which offers affordability for small and medium sized enterprises.

SIP trunking is gaining momentum in the small and medium sized enterprises as they are shifting toward IP based voice calling services. Internet voice calling services are supporting small businesses to expand their reach in the global market. Lower cost of international call is a prominent factor that drives small enterprises to enhance their business operation in international level. Hosted SIP trunking is mainly preferred by small and medium enterprises as it eliminates the cost of hardware installation, maintenance, and additional IT overheads. Third-party SIP trunking service providers manage all the installation and maintenance operation, which offers affordability for small and medium sized enterprises.

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