SIP Trunking Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: SIP Trunking Services Market covers analysis by Organization Size (Small Businesses, Mid-sized Businesses, Enterprises); End-user (BFSI, High-Tech, Government, Healthcare, Education, Retail, Transportation and Logistics, Manufacturing, Travel and Hospitality, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00011027
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
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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 2028" 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 2020 to 2028 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.

World Geography

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MARKET PLAYERS


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 2020 to 2028 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.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 SIP Trunking Services Market - By Organization Size
1.3.2 SIP Trunking Services Market - By End-user
1.3.3 SIP Trunking Services Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SIP TRUNKING SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. SIP TRUNKING SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. SIP TRUNKING SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. SIP TRUNKING SERVICES - GLOBAL MARKET OVERVIEW
6.2. SIP TRUNKING SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SIP TRUNKING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
7.1. OVERVIEW
7.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
7.3. SMALL BUSINESSES
7.3.1. Overview
7.3.2. Small Businesses Market Forecast and Analysis
7.4. MID-SIZED BUSINESSES
7.4.1. Overview
7.4.2. Mid-sized Businesses Market Forecast and Analysis
7.5. ENTERPRISES
7.5.1. Overview
7.5.2. Enterprises Market Forecast and Analysis
8. SIP TRUNKING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. HIGH-TECH
8.4.1. Overview
8.4.2. High-Tech Market Forecast and Analysis
8.5. GOVERNMENT
8.5.1. Overview
8.5.2. Government Market Forecast and Analysis
8.6. HEALTHCARE
8.6.1. Overview
8.6.2. Healthcare Market Forecast and Analysis
8.7. EDUCATION
8.7.1. Overview
8.7.2. Education Market Forecast and Analysis
8.8. RETAIL
8.8.1. Overview
8.8.2. Retail Market Forecast and Analysis
8.9. TRANSPORTATION AND LOGISTICS
8.9.1. Overview
8.9.2. Transportation and Logistics Market Forecast and Analysis
8.10. MANUFACTURING
8.10.1. Overview
8.10.2. Manufacturing Market Forecast and Analysis
8.11. TRAVEL AND HOSPITALITY
8.11.1. Overview
8.11.2. Travel and Hospitality Market Forecast and Analysis
8.12. OTHERS
8.12.1. Overview
8.12.2. Others Market Forecast and Analysis

9. SIP TRUNKING SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America SIP Trunking Services Market Overview
9.1.2 North America SIP Trunking Services Market Forecasts and Analysis
9.1.3 North America SIP Trunking Services Market Forecasts and Analysis - By Organization Size
9.1.4 North America SIP Trunking Services Market Forecasts and Analysis - By End-user
9.1.5 North America SIP Trunking Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States SIP Trunking Services Market
9.1.5.1.1 United States SIP Trunking Services Market by Organization Size
9.1.5.1.2 United States SIP Trunking Services Market by End-user
9.1.5.2 Canada SIP Trunking Services Market
9.1.5.2.1 Canada SIP Trunking Services Market by Organization Size
9.1.5.2.2 Canada SIP Trunking Services Market by End-user
9.1.5.3 Mexico SIP Trunking Services Market
9.1.5.3.1 Mexico SIP Trunking Services Market by Organization Size
9.1.5.3.2 Mexico SIP Trunking Services Market by End-user
9.2. EUROPE
9.2.1 Europe SIP Trunking Services Market Overview
9.2.2 Europe SIP Trunking Services Market Forecasts and Analysis
9.2.3 Europe SIP Trunking Services Market Forecasts and Analysis - By Organization Size
9.2.4 Europe SIP Trunking Services Market Forecasts and Analysis - By End-user
9.2.5 Europe SIP Trunking Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany SIP Trunking Services Market
9.2.5.1.1 Germany SIP Trunking Services Market by Organization Size
9.2.5.1.2 Germany SIP Trunking Services Market by End-user
9.2.5.2 France SIP Trunking Services Market
9.2.5.2.1 France SIP Trunking Services Market by Organization Size
9.2.5.2.2 France SIP Trunking Services Market by End-user
9.2.5.3 Italy SIP Trunking Services Market
9.2.5.3.1 Italy SIP Trunking Services Market by Organization Size
9.2.5.3.2 Italy SIP Trunking Services Market by End-user
9.2.5.4 United Kingdom SIP Trunking Services Market
9.2.5.4.1 United Kingdom SIP Trunking Services Market by Organization Size
9.2.5.4.2 United Kingdom SIP Trunking Services Market by End-user
9.2.5.5 Russia SIP Trunking Services Market
9.2.5.5.1 Russia SIP Trunking Services Market by Organization Size
9.2.5.5.2 Russia SIP Trunking Services Market by End-user
9.2.5.6 Rest of Europe SIP Trunking Services Market
9.2.5.6.1 Rest of Europe SIP Trunking Services Market by Organization Size
9.2.5.6.2 Rest of Europe SIP Trunking Services Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific SIP Trunking Services Market Overview
9.3.2 Asia-Pacific SIP Trunking Services Market Forecasts and Analysis
9.3.3 Asia-Pacific SIP Trunking Services Market Forecasts and Analysis - By Organization Size
9.3.4 Asia-Pacific SIP Trunking Services Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific SIP Trunking Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia SIP Trunking Services Market
9.3.5.1.1 Australia SIP Trunking Services Market by Organization Size
9.3.5.1.2 Australia SIP Trunking Services Market by End-user
9.3.5.2 China SIP Trunking Services Market
9.3.5.2.1 China SIP Trunking Services Market by Organization Size
9.3.5.2.2 China SIP Trunking Services Market by End-user
9.3.5.3 India SIP Trunking Services Market
9.3.5.3.1 India SIP Trunking Services Market by Organization Size
9.3.5.3.2 India SIP Trunking Services Market by End-user
9.3.5.4 Japan SIP Trunking Services Market
9.3.5.4.1 Japan SIP Trunking Services Market by Organization Size
9.3.5.4.2 Japan SIP Trunking Services Market by End-user
9.3.5.5 South Korea SIP Trunking Services Market
9.3.5.5.1 South Korea SIP Trunking Services Market by Organization Size
9.3.5.5.2 South Korea SIP Trunking Services Market by End-user
9.3.5.6 Rest of Asia-Pacific SIP Trunking Services Market
9.3.5.6.1 Rest of Asia-Pacific SIP Trunking Services Market by Organization Size
9.3.5.6.2 Rest of Asia-Pacific SIP Trunking Services Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa SIP Trunking Services Market Overview
9.4.2 Middle East and Africa SIP Trunking Services Market Forecasts and Analysis
9.4.3 Middle East and Africa SIP Trunking Services Market Forecasts and Analysis - By Organization Size
9.4.4 Middle East and Africa SIP Trunking Services Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa SIP Trunking Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa SIP Trunking Services Market
9.4.5.1.1 South Africa SIP Trunking Services Market by Organization Size
9.4.5.1.2 South Africa SIP Trunking Services Market by End-user
9.4.5.2 Saudi Arabia SIP Trunking Services Market
9.4.5.2.1 Saudi Arabia SIP Trunking Services Market by Organization Size
9.4.5.2.2 Saudi Arabia SIP Trunking Services Market by End-user
9.4.5.3 U.A.E SIP Trunking Services Market
9.4.5.3.1 U.A.E SIP Trunking Services Market by Organization Size
9.4.5.3.2 U.A.E SIP Trunking Services Market by End-user
9.4.5.4 Rest of Middle East and Africa SIP Trunking Services Market
9.4.5.4.1 Rest of Middle East and Africa SIP Trunking Services Market by Organization Size
9.4.5.4.2 Rest of Middle East and Africa SIP Trunking Services Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America SIP Trunking Services Market Overview
9.5.2 South and Central America SIP Trunking Services Market Forecasts and Analysis
9.5.3 South and Central America SIP Trunking Services Market Forecasts and Analysis - By Organization Size
9.5.4 South and Central America SIP Trunking Services Market Forecasts and Analysis - By End-user
9.5.5 South and Central America SIP Trunking Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil SIP Trunking Services Market
9.5.5.1.1 Brazil SIP Trunking Services Market by Organization Size
9.5.5.1.2 Brazil SIP Trunking Services Market by End-user
9.5.5.2 Argentina SIP Trunking Services Market
9.5.5.2.1 Argentina SIP Trunking Services Market by Organization Size
9.5.5.2.2 Argentina SIP Trunking Services Market by End-user
9.5.5.3 Rest of South and Central America SIP Trunking Services Market
9.5.5.3.1 Rest of South and Central America SIP Trunking Services Market by Organization Size
9.5.5.3.2 Rest of South and Central America SIP Trunking Services Market by End-user

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. SIP TRUNKING SERVICES MARKET, KEY COMPANY PROFILES
11.1. ATANDT INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. 8X8, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BANDWIDTH INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BT GROUP PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CENTURYLINK.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. COLT TECHNOLOGY SERVICES GROUP LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. FUSION CONNECT, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. GTT COMMUNICATIONS, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MITEL NETWORKS CORP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NET2PHONE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. ATandT Inc.
2. 8x8, Inc.
3. Bandwidth Inc
4. BT Group plc
5. CenturyLink.
6. Colt Technology Services Group Limited
7.Fusion Connect, Inc.
8. GTT Communications, Inc.
9. Mitel Networks Corp
10. Net2Phone

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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