SIP Trunking Services Market to Reach US$ 12.70 Billion Growing at CAGR 10.7% to 2023

SIP Trunking Services Market Research Report forecast and Analysis outlook 2018-2023 key product and their regional market and application with major players.

Pune, India - March 12, 2019 /MarketersMedia/ —

Global SIP Trunking Services Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

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Browse and In-depth Table of Content on SIP Trunking Services Market
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The Global SIP Trunking Services Market size is expected to grow from US$ 7.63 Billion in 2018 to US$ 12.70 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. Major growth drivers for the market include reduction in the total cost of ownership by leveraging the pay-as-you-go model, increasing adoption of cloud and UC, and easy integration with Private Branch Exchange(PBX) systems.

Enterprises segment to hold the largest market size during the forecast period
The enterprises segment is expected to hold the largest market size in the SIP Trunking services market by organization size during the forecast period.SIP Trunking helps enterprises break down the barriers between people using different communication modes, media, and devices to communicate with anyone, from anywhere, and at any time. Enterprises across verticals are at the forefront in adopting SIP Trunking services, as these services meet the critical communication requirements of enterprises by providing cost-effective and reliable centralized communication systems.

Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
The APAC region is expected to provide significant growth opportunities for vendors of SIP Trunking services during the forecast period, the region demonstrates a combination of high growth, developing economies, and mass adoption of mobile and internet. Rapid advancements in network infrastructure, cloud computing, telecom, and IoT have encouraged many enterprises to adopt SIP Trunking services.

The breakup of the profiles of the primary participants is given below:
By Company: Tier 1 27%, Tier 2 38%, and Tier 3 35%
By Designation: C-Level 47%, Director Level 49%, and Others 4%
By Region: North America 37%, Europe 28%, APAC 29%, and RoW 6%

Study Objectives:
The objective of the report is to define, describe, and forecast the SIP Trunking services market size by organization size, end users (wholesale and verticals) and regions. Among organization sizes, the enterprises segment is expected to hold a larger market size. SIP Trunking service providers offer reliable, centralized phone services to enterprises, without the hassle of on site setup and maintenance costs. Enterprises across emerging countries are investing substantial capital in their core network infrastructure to cope with the growing business communication needs.

Top Key Players in the SIP Trunking Services Market include are
AT&T (US)
8x8 (US)
Bandwidth (US)
BT Group (UK)
CenturyLink (US)
Colt (UK)
Fusion (US)
GTT Communications (US)
IntelePeer (US)
Mitel (Canada)
Net2Phone (US)
Nextiva (US)
Orange (France)
Rogers Communications (Canada)
Sprint (US)
Tata Communications (India)
Telstra (Australia)
Twilio (US)
Verizon (US)
Vodafone (UK)
Vonage (US)
Voyant Communications (US)
West Corporation (US)
Windstream (US)

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Target Audience for SIP Trunking Services Market:
SIP Trunking service solution vendors
Cloud service providers
Telecom operators
System integrators
Third-party vendors
Mobile Network Operators (MNOs)
Mobile Virtual Network Operators (MVNOs)
Communication Service Providers (CSPs)
Government telecom regulatory authorities
Voice over Internet Protocol (VoIP) service providers
Managed Service Providers (MSPs)
Financial analysts and investors

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Release ID: 490490