1. Market Research
  2. > ICT
  3. > Telecom Market Trends
SIP Trunking Services Market by Organization And Region - Global Forecast to 2023

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

  • September 2018
  • 144 pages
  • ID: 5532150

Summary

Table of Contents

Search Inside

Increasing adoption of cloud and unified communication (UC) is a major growth driver for the global Session Initiation Protocol (SIP) Trunking services market
The global SIP Trunking services market size is expected to grow from USD 7.63 billion in 2018 to USD 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. However, concerns overs security and privacy may restrain the market growth.

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.

Banking, Financial Services, and Insurance (BFSI) vertical to hold the largest market size during the forecast period
The BFSI vertical is expected to hold the largest market size in the SIP Trunking market by vertical during the forecast period.BFSI companies are under significant pressure to offer anytime connectivity to value chain partners and customers 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 fast and efficient call processing, full integration with existing or new external paging systems, cell phone and smartphone integration, interconnection of various branches, and seamless call transfers between locations.

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.

With the increasing pressure to achieve greater business agility, more IT organizations in the APAC region 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.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the SIP Trunking services market.

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%

The report profiles the following key vendors in the global SIP Trunking services market:
• 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)

Research Coverage
The report segments the global SIP Trunking services market by organization size, end users (wholesale and verticals), and regions. It has a detailed analysis of the key industry players to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; expansions; and the competitive landscape associated with the global SIP Trunking services market.

Reasons to Buy the Report

The report would help the market leaders/new entrants in the following ways:
• It comprehensively segments the SIP Trunking services market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across major regions.
• It would help stakeholders understand the pulse of the market and provides information on the key market drivers, restraints, challenges, and opportunities.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
People Monitoring and Safety Solutions – 6th Edition

People Monitoring and Safety Solutions – 6th Edition

  • $ 1710
  • December 2018

Executive summary Modern people monitoring solutions rely on GPS and wireless communications technologies to determine the location of a person and transmit the data to a third party. Technological ...

Rehabilitation Robot

Rehabilitation Robot

  • $ 4400
  • January 2019

WinterGreen Research announces that it has published a new study Rehabilitation Robots: Market Shares, Strategy, and Forecasts, Worldwide, 2019 to 2025. The 2019 study has 564 pages, 269 tables and figures. ...

Global HDI PCB Market Analysis & Trends - Industry Forecast to 2027

Global HDI PCB Market Analysis & Trends - Industry Forecast to 2027

  • $ 4200
  • December 2018

The Global High-Density Interconnect (HDI) Printed Circuit Board (PCB) Market is poised to grow strong during the forecast period 2017 to 2027.Some of the prominent trends that the market is witnessing ...


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on