SIP Trunking Services Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

The session initiation protocol (SIP) trunking is a communications service provider that utilizes the protocol to offer voice over IP (VoIP) connectivity between the on-premises phone system and public switched telephone network (PSTN). The session initiation protocol (SIP) trunk helps in the drop of commonly used analog, T1-based Public Switched Telephone Network (PSTN), and enabled the company to get a private or public internet connection by the SIP provider.

MARKET DYNAMICS

The low Capital Expenditure (CAPEX) and total cost of ownership (TCO), and increase in adoption of cloud and Unified Communications (UC) are some of the prime factors driving the growth of SIP trunking services market. However, difficulties in implementing SIP trunks and growing concerns over Quality of Service (QoS) are some of the major factors restraining the growth of the SIP trunking market. Nevertheless, the rise in technological development is anticipated to boost the growth of the SIP trunking market.

MARKET SCOPE

The "Global SIP Trunking Services Market Analysis to 2031" is a specialized and in-depth study of the SIP trunking services market with a special focus on the global market trend analysis. The report aims to provide an overview of SIP trunking services market with detailed market segmentation by organization size, end user. The global SIP trunking services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading SIP trunking services market players and offers key trends and opportunities in the SIP trunking services market.

MARKET SEGMENTATION

The global SIP trunking services market is segmented on the basis of organization size, end user. On the basis of organization size, the market is segmented as small businesses, mid-sized businesses, enterprises. On the basis of end user, the market is segmented as BFSI, high-tech, government, healthcare, education, retail, transportation and logistics, manufacturing, travel and hospitality, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global SIP trunking services market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The SIP trunking services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting SIP trunking services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the SIP trunking services market in these regions.

MARKET PLAYERS

The reports cover key developments in the SIP trunking services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from SIP trunking services market are anticipated to lucrative growth opportunities in the future with the rising demand for SIP trunking services market. Below mentioned is the list of few companies engaged in the SIP trunking services market.

The report also includes the profiles of key SIP trunking services market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  AT&T Inc.
  
•  8x8, Inc.
  
•  Bandwidth Inc
  
•  BT Group plc
  
•  CenturyLink.
  
•  Colt Technology Services Group Limited
  
•  Fusion Connect, Inc.
  
•  GTT Communications, Inc.
  
•  Mitel Networks Corp
  
•  Net2Phone
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

SIP Trunking Services Report Scope