SIP Trunking Services Market Report: Trends, Forecast and Competitive Analysis to 2030

SIP Trunking Services Trends and Forecast

The future of the global SIP trunking services market looks promising with opportunities in the wholesale and verticals, BFSI, healthcare, government, high-tech, retail, and education markets. The global SIP trunking services market is expected to reach an estimated $40.77 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are increasing adoption of cloud and unified communications and increasing adoption of VoIP.

A more than 150-page report is developed to help in your business decisions.

SIP Trunking Services by Segment

The study includes a forecast for the global SIP trunking services by organization, end use industry, and region.

SIP Trunking Services Market by Organization [Shipment Analysis by Value from 2018 to 2030]:

• Small Businesses
• Mid-Sized Businesses
• Enterprises

SIP Trunking Services Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Wholesale And Verticals
• BFSI
• Healthcare
• Government
• High-Tech
• Retail
• Education

SIP Trunking Services Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of SIP Trunking Services Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SIP trunking services companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SIP trunking services companies profiled in this report include-

• AT&T
• Bandwidth
• Bt
• Centurylink
• Colt
• Fusion
• Gtt Communications
• Intelepeer
• Mitel
• Net2Phone

SIP Trunking Services Market Insights

Lucintel forecasts that enterprises is expected to witness highest growth over the forecast period due to their growing investment l in their core network infrastructure.

Within this market, BFSI will remain the largest segment due to simplify communication management and cost reduction.

North America is expected to witness highest growth over the forecast period due to advancements in the network infrastructure.

Features of the Global SIP Trunking Services Market

Market Size Estimates: Sip trunking services market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Sip trunking services market size by organization , end use industry, and region in terms of value ($B).

Regional Analysis: Sip trunking services market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different organization , end use industry, and regions for the SIP trunking services market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the SIP trunking services market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the SIP trunking services market size?

Answer: The global SIP trunking services market is expected to reach an estimated $40.77 billion by 2030.

Q.2 What is the growth forecast for SIP trunking services market?

Answer: The global SIP trunking services market is expected to grow with a CAGR of 14.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the SIP trunking services market?

Answer: The major drivers for this market are increasing adoption of cloud and unified communications and increasing adoption of VoIP.

Q4. What are the major segments for SIP trunking services market?

Answer: The future of the SIP trunking services market looks promising with opportunities in the wholesale and verticals, BFSI, healthcare, government, high-tech, retail, and education markets.

Q5. Who are the key SIP trunking services market companies?

Answer: Some of the key SIP trunking services companies are as follows:

• AT&T
• Bandwidth
• BT
• Centurylink
• Colt
• Fusion
• Gtt Communications
• Intelepeer
• Mitel
• Net2Phone

Q6. Which SIP trunking services market segment will be the largest in future?

Answer: Lucintel forecasts that enterprises is expected to witness highest growth over the forecast period due to their growing investment l in their core network infrastructure.

Q7. In SIP trunking services market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to advancements in the network infrastructure.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the SIP trunking services market by organization (small businesses, mid-sized businesses, and enterprises), end use industry (wholesale and verticals, BFSI, healthcare, government, high-tech, retail, and education), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?