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SIP Trunking Services Market by Organization And Region - Global Forecast to 2023

SIP Trunking Services Market: Global Forecast until 2023

  • September 2018
  • 144 pages
  • ID: 5532150
In this report:
The wholesale segment is expected to grow from USD ##,##.## million in 2018 to USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.
The enterprises segment is estimated to hold ##% of the total market share in 2018, whereas the small businesses segment is expected to grow at the highest CAGR of ##.##% during the forecast period.

Summary

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Growing adoption of cloud and unified communication is a main increase driver for the overall Session Initiation Protocol Trunking services market

The overall SIP Trunking services market size is forecasted to grow from ~$7.6B in 2018 to ~$12.7B by 2023, at a Compound Annual Increase rate of 10.70 percent during the forecast period. Main increase drivers for the industry contain reduction in the total cost of ownership by leveraging the pay-as-you-go model, rising adoption of cloud and UC, and easy integration with Private Branch Exchange systems. Nevertheless, concerns overs security and privacy may restrain the market increase.

Enterprises segment to hold the most important sector size during the outlook period

The enterprises segment is forecasted to hold the most important industry size in the SIP Trunking services market by organization size during the estimate period.SIP Trunking benefits firms break down the barriers between people using distinct communication modes, media, and devices to communicate with anyone, from anywhere, and at any time.

Companies 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.

Banking, Financial Services, and Insurance vertical to hold the biggest sector size during the outlook period

The BFSI vertical is anticipated to hold the biggest industry size in the SIP Trunking market by vertical during the forecast period.BFSI firms are under significant pressure to offer anytime connectivity to value chain partners and clients while ensuring the low operational costs and communication delay.

SIP Trunking services help simplify communication management and cost reduction. The services also offer multiple benefits, including customized inbound call routing for quick and efficient call processing, full integration with existing or new external paging systems, cell phone and smartphone integration, interconnection of several branches, and seamless call transfers between locations.

Asia Pacific (APAC) to grow at the highest compound annual growth rate (CAGR) during the estimate period

The APAC area is forecast to provide significant increase opportunities for vendors of SIP Trunking services during the outlook period, the territory demonstrates a combination of high increase, developing economies, and mass adoption of mobile and internet.Quick advancements in network infrastructure, cloud computing, telecom, and IoT have encouraged many enterprises to take SIP Trunking services.

With the growing pressure to accomplish greater business agility, more IT organizations in the Asia-Pacific regions are planning to adopt the SIP trunk services in the business environment to function properly, improve operational efficiency, and reduce cost. The emergence of pay-as-you-go model is driving the adoption of SIP Trunking services specifically among SMEs.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products and technology directors, and executives from numerous main institutions operating in the SIP Trunking services market.

The breakup of the profiles of the primary participants is presented below:

• By Organization: Tier 1 - 27.0 percent, Tier 2 - 38.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 47.0 percent, D-level - 49.0 percent, and Others - 4.0 percent

• By Area: North America continent - 37.0 percent, Europe (EU) - 28.0 percent, Asia-Pac - 29.0 percent, and rest of the world - 6.0 percent

Segment Research

The document breaks down the overall SIP Trunking services market by organization size, final users (wholesale and verticals), and localities. It has An in-depth study of the main industry actors to offer business insights into their business overviews; services; top strategies; new service launches; alliances, strategic agreements, and collaborations; business developments; and the competitive landscape combined with the overall SIP Trunking services market.

Reasons to Buy the Report

The market research would benefit the market top players/new sector entrants in these ways:

• It comprehensively segments the SIP Trunking services market and offers the best approximations of the revenue data for the global market and its sub-segments across main regions.

• It would benefit partners distinguish the pulse of the sector and offers info on the main market drivers, market restraints, opportunities, and alternatives.

• It would benefit partners comprehend their players better and acquire additional insights to improve their positions in the sector. The competitive outlook section includes competitor landscape, new service developments, alliances, and acquisitions.

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