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
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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
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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.
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SIP Trunking Market: Strategic Insights
Market Size Value in US$ 13.44 Billion in 2019 Market Size Value by US$ 30.22 billion by 2027 Growth rate CAGR of 10.8% from 2020 to 2027 Forecast Period 2020 - 2027 Base Year 2020
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SIP Trunking Market: Strategic Insights
| Market Size Value in | US$ 13.44 Billion in 2019 |
| Market Size Value by | US$ 30.22 billion by 2027 |
| Growth rate | CAGR of 10.8% from 2020 to 2027 |
| Forecast Period | 2020 - 2027 |
| Base Year | 2020 |
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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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
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
- 8X8, INC.
- AT&T Inc.
- RINGCENTRAL, INC.
- PLIVO INC
- Telstra Corporation Limited
- VERIZON COMMUNICATIONS, INC.
- VONAGE
- TWILIO INC
- CENTURYLINK
- BANDWIDTH INC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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