[Research Report] The wholesale voice carrier market is expected to grow from US$ 23,139.03 million in 2021 to US$ 31,754.36 million by 2028; it is estimated to grow at a CAGR of 4.6% during 2021–2028.

Analyst Perspective:

The wholesale voice carrier market is an integral part of the telecommunications industry, serving as a crucial link between service providers and facilitating the global exchange of voice traffic. Wholesale voice carriers act as intermediaries, enabling the efficient routing of voice calls between different telecommunication networks. Wholesale voice carriers specialize in the wholesale voice business, offering voice termination services to telecommunication service providers, including mobile operators, fixed-line operators, and other voice service providers. These carriers establish extensive networks and interconnections with operators worldwide, allowing them to efficiently handle large volumes of voice traffic. International Telecommunication wholesale voice providers play a pivotal role in connecting disparate networks and ensuring seamless communication across borders. They leverage their network infrastructure and expertise to offer their customers reliable and cost-effective voice termination services. These providers cater to traditional circuit-switched voice calls and Voice over Internet Protocol (VoIP) traffic. The voice market is dynamic and highly competitive, with numerous wholesale voice carriers vying for market share. Key players in this space include international carriers, regional players, and specialized voice providers. They compete on factors such as network coverage, quality of service, pricing, and value-added services. The international wholesale voice carrier market faces several challenges and opportunities as technology evolves. The shift from traditional circuit-switched networks to IP-based infrastructure has resulted in the convergence of voice and data services, driving the demand for innovative solutions. International Wholesale companies are adapting to this changing landscape by expanding their service portfolios to include voice termination and value-added services such as fraud management, revenue assurance, and analytics. Additionally, the emergence of new communication technologies like 5G and the Internet of Things (IoT) presents new opportunities for wholesale voice carriers. These technologies are expected to generate significant voice traffic, creating a demand for reliable voice termination services and efficient network interconnections.

Market Overview:

The growing demand for dependable and cutting-edge communication solutions across a range of end-use sectors will probably contribute to the growth of the international wholesale voice carrier market. Additionally, as more and more businesses move towards globalization, the telecommunication network sector has dramatically increased. International business calling solutions are expanding quickly as communicating with foreign investors, contractors, and clients has become easier and faster. The use of voice carrier services is also rising due to quick communication and logistic network developments. International Whole Voice Carrier plays a crucial role in the telecommunications industry, specializing in providing wholesale voice services to the global clients. This international wholesale is a crucial link between various international carriers, facilitating seamless call termination and ensuring high-quality voice connections. With competitive wholesale call termination rates, international whole voice carrier offers cost-effective solutions to businesses and service providers, enabling them to expand their global reach and enhance their communication capabilities. By leveraging advanced technology and a robust network, this carrier delivers exceptional voice services that meet the demands of today's interconnected world.

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Wholesale Voice Carrier Market: Strategic Insights

Wholesale Voice Carrier Market

• 
  CAGR (2021 - 2028)

  4.6%
• Market Size 2021
  US$ 23.14 Billion
• Market Size 2028
  US$ 31.75 Billion

Market Dynamics

GROWTH DRIVERS

• Rising Penetration of VoIP Call Services
• Increasing Focus Towards the Low- price Solution Offering

FUTURE TRENDS

• Restructuring of the Service Models

OPPORTUNITIES

• Rising Development in Network Services

Key Players

• AT&T Inc.
• BICS SA/NA
• BT Group
• DEUTSCHE TELEKOM AG
• IDT Corporation
• Tata Communication
• TELEFÓNICA S.A.
• Lumen Technologies
• VERIZON COMMUNICATIONS, INC.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Service

• Voice Termination
• Interconnect Billing
• Fraud Management

Transmission Network

• Owned Network and Leased Network

Technology

• VoIP and Traditional Switching

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Market Driver:

Surge in The Utilization of Network-Based Voice Calling Services and Applications to Drive Growth of international Wholesale Voice Carrier Market

The surge in the utilization of network-based voice calling services and applications has significantly contributed to the growth of international wholesale voice carriers market. Network-based voice calling services and applications, such as Voice over IP (VoIP) and mobile applications, have gained immense popularity due to their cost-effectiveness, convenience, and flexibility. Wholesale voice carriers play a pivotal role in facilitating the exchange of voice traffic between different networks, including traditional telephony and IP-based networks. As the demand for network-based voice calling services increases, the need for reliable and efficient voice termination services provided by wholesale carriers becomes crucial. Firstly, the growth of VoIP services has been a major driver for the wholesale voice carrier market. VoIP allows voice communication to be transmitted over IP networks, bypassing traditional telephone networks. This technology has revolutionized voice communication, providing cost-effective and feature-rich alternatives to traditional telephony services. Wholesale voice providers enable VoIP service providers to connect their networks with other domestic and international networks, ensuring seamless communication and global connectivity. The surge in the utilization of VoIP services has created a significant demand for wholesale voice carrier services to support the transmission of VoIP traffic across networks. Additionally, the rise of mobile applications that offer voice calling functionality has contributed to the growth of the wholesale voice carrier market. Many mobile applications, such as voice calling apps and over-the-top (OTT) services, utilize network-based voice calling to enable voice communication over the Internet. Wholesale voice carriers are critical in connecting these applications with traditional telephony or IP-based networks. By providing the necessary infrastructure and interconnection services, wholesale voice carriers enable these applications to offer voice-calling capabilities to their users. The increasing adoption of mobile applications for voice calling has thus fueled the demand for wholesale voice carrier services. Moreover, network-based voice calling services and applications often require reliable, high-quality voice termination services to ensure excellent call quality and connectivity. Wholesale voice carriers specialize in efficiently routing voice traffic, optimizing call quality, and providing redundancy measures to avoid service disruptions. Their expertise in handling large volumes of voice traffic and robust infrastructure make them ideal partners for network-based voice calling services and applications, driving the market growth of wholesale voice carriers.

Segmental Analysis:

Based on transmission network, the wholesale voice carrier market is bifurcated into:

1. Owned network
2. Leased network

The leased network segment held the largest share of the wholesale voice carrier market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. The leased network segment dominates the wholesale voice carrier market. Wholesale voice carriers lease network infrastructure and connectivity services to transmit and terminate voice traffic efficiently. This segment offers scalability, extensive network reach, cost efficiencies, and flexibility to wholesale voice carriers. Leased networks enable carriers to expand their capacity, provide global connectivity, optimize costs, and adapt to changing market demands. By leveraging leased networks, wholesale voice carriers can focus on their core competencies and enhance service delivery, driving their market dominance.

Regional Analysis:

The Asia Pacific Wholesale Voice Carrier market was valued at US$ 7.27 billion in 2021 and is projected to reach US$ 10.22 billion by 2028; it is expected to grow at a CAGR of 5.0% during the forecast period. The Asia Pacific region has emerged as the dominant force in the international wholesale voice carrier market. Several key factors have contributed to the region's market dominance and ability to hold the largest share. The Asia Pacific region has experienced rapid economic growth and urbanization, significantly increasing telecommunications activities. This growth has been fueled by the region's large population, expanding middle class, and increasing adoption of mobile and internet technologies. The rising demand for voice communication services, both domestically and internationally, has propelled the need for wholesale voice carrier services, leading to the region's market dominance. Countries such as China, India, Japan, and South Korea have witnessed significant telecommunications infrastructure and services advancements. These markets have a high volume of voice traffic and a diverse range of industries heavily relying on voice communication services. Wholesale voice carriers in the region cater to the demands of these markets, providing efficient voice termination services and supporting the connectivity requirements of service providers. Governments and industry players in countries like China and India have made significant commitments to expand their telecommunications networks, improve internet connectivity, and promote digital transformation. These investments have created a strong foundation for the growth of wholesale voice carrier services, enabling the region to satisfy the increasing demand for voice communication and interconnectivity. Furthermore, a highly competitive telecommunications landscape characterizes the Asia Pacific region. This intense competition has driven the development of advanced network infrastructure, enhanced service offerings, and competitive pricing models. Wholesale voice carriers in the region continually strive to provide high-quality voice termination services, efficient call routing, and reliable connectivity to meet the diverse needs of customers in the Asia Pacific market. Moreover, the region's cultural and economic ties with other parts of the world contribute to its dominance in the wholesale voice carrier market. The Asia Pacific region has strong trade relationships and business connections with North America, Europe, and other regions, leading to significant international voice traffic. Wholesale voice carriers in the region play a crucial role in facilitating the exchange of voice traffic between these regions, leveraging their extensive network coverage and interconnection capabilities.

Key Player Analysis:

The Wholesale Voice Carrier market analysis consists of the players such as AT&T Inc., BICS SA/NA, BT Group, DEUTSCHE TELEKOM AG, IDT Corporation, Tata Communication, TELEFÓNICA S.A., Lumen Technologies, VERIZON COMMUNICATIONS, INC., and ORANGE S.A. Among the various players in the international wholesale voice carrier Lumen Technologies and Tata Communication are one of the top players owing to the diversified product portfolio offered.

Wholesale Voice Carrier Market Report Scope

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Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the international wholesale voice carrier market. A few recent key market developments are listed below: 

• In July 2020, Tata communication received Type B telecom license in Saudi Arabia, which enables the company to provide Internet Service Provider (ISP) and other related telecom services to enterprises.
• In June 2020, Deutsche Telekom AG collaborated with Orange International Carriers on POC (proofs of concept) to enhance IPX services.