SIP Trunking Services Market Size, Share, Opportunities, And Trends By Enterprise Size (Small, Medium, Large), By End-User (Communication and Technology, Healthcare, Retail, BFSI, Government, Others), And By Geography - Forecasts From 2025 To 2030

SIP Trunking Services Market Size:

The SIP trunking services market is expected to grow from US$13.448 billion in 2025 to US$21.740 billion in 2030, at a CAGR of 10.08%.

Session Initiation Protocol (SIP) trunking is a method by which voice and other unified communication services are sent over the internet. The rising adoption of IP-based services over traditional PSTN services is projected to boost the market growth during the forecast period. Factors such as increasing usage of cloud computing, rapid adoption of cloud, and unified communication systems by enterprises are expected to increase the demand for SIP trunking services, thus boosting the overall market growth. The SIP trunking services market has been segmented based on enterprise size, end-user, and geography. Based on enterprise size, the market has been segmented into small, medium, and large. By end-user, the market has been segmented into communication and technology, healthcare, retail, BFSI, government, and others.

SIP Trunking Services Market Drivers 

• Growing adoption of unified communication in enterprises

In traditional telephone services, the service provider delivers a bundle of physical wires to a business, whereas SIP trunks allow companies to use Public Switched Telephone Network (PSTN) connectivity through an IP network such as the internet, due to which enterprises are adopting unified communication solutions which reduce their telephony costs and generate ROI facilitated by the SIP trunking service. The growing adoption of UC in enterprises is driving the growth of the global SIP trunking service market across various countries worldwide. For instance, Matrix launched SARVAM UCS – Unified Communication Server for Modern Enterprises, which is designed to eliminate barriers that have traditionally separated voice calls, email, instant messaging, and conferencing in all forms. UCaaS is changing the deployment and management of businesses and making it easy to adopt and scale UCC within an enterprise which makes it easier for enterprises to manage costs while scaling up and down new services. Tata Communications and West collaborated to combine a global leader in UCC with one of the world’s largest communications providers to give enterprises rapid access to UCC platforms and better connectivity.

• Increased demand for SIP Trunking Services from BFSI

One of the prime factors driving the growth of the SIP trunking services market is its growing demand from the BFSI sector. The companies operating in the BFSI sector are under continuous pressure to offer maximum network connectivity to customers and value chain partners by maintaining low operational costs and communication timing. SIP trunking services help the BFSI sector to simplify communication management as they offer customized inbound call routing for fast and efficient call processing, provides full integration with existing and new external paging systems, offers integration between smartphones and cell phones, interconnection of various branches, and seamless call transfers between locations. Due to the various benefits offered by the SIP trunking services, their demand is high across the BFSI sector, which is expected to impact the overall market growth positively.

SIP Trunking Services Market Geographical Outlook:

• Asia-pacific is expected to dominate the SIP Trunking Services market.

APAC region provides various opportunities to vendors of SIP trunking services during the forecast period owing to the growing adoption of mobile and internet, developing economies, and increasing pressure to achieve greater business agility. Moreover, rapid advancements in ICT infrastructure, cloud computing, and technologies such as AI and IoT have encouraged many enterprises to adopt SIP trunking services across various developing countries in the Asia Pacific region. Many IT organizations in Asian pacific countries plan to use SIP trunking services in their business environment to improve operational efficiency and reduce costs.

SIP Trunking Services Market Scope:

Report Metric	Details
SIP Trunking Services Market Size in 2025	US$13.448 billion
SIP Trunking Services Market Size in 2030	US$21.740 billion
Growth Rate	CAGR of 10.08%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Enterprise Size End-User Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in SIP Trunking Services Market	CenturyLink CISCO Legacy VoIP Verizon GTT Communications, Inc.
Customization Scope	Free report customization with purchase

 

The sip trunking services market is analyzed into the following segments:

• By Enterprise Size
  • Small
  • Medium
  • Large
• By End-User
  • Communication and Technology
  • Healthcare
  • Retail
  • BFSI
  • Government
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Others

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1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. SIP TRUNKING SERVICE MARKET BY ENTERPRISE SIZE
5.1. Introduction
5.2. Small
5.3. Medium
5.4. Large

6. SIP TRUNKING SERVICE MARKET BY END-USER
6.1. Introduction
6.2. Salty and Sour Snacks
6.3. Communication and Technology
6.4. Healthcare
6.5. Retail
6.6. BFSI
6.7. Government
6.8. Others

7. SIP TRUNKING SERVICES MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. North America SIP Trunking Services Market, by Enterprise Size, 2020 to 2027
7.2.2. North America SIP Trunking Services Market, by End User, 2020 to 2027
7.2.3.  North America SIP Trunking Services Market, by Country, 2020 to 2027
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America SIP Trunking Services Market, by Enterprise Size, 2020 to 2027
7.3.2. South America SIP Trunking Services Market, by End User, 2020  to 2027
7.3.3. South America SIP Trunking Services Market, by Country, 2020 to 2027
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. South America SIP Trunking Services Market, by Enterprise Size, 2020 to 2027
7.4.2. South America SIP Trunking Services Market, by End User, 2020 to 2027
7.4.3. South America SIP Trunking Services Market, by Country, 2020 to 2027
7.4.3.1. Germany
7.4.3.2. France
7.4.3.3. United Kingdom 
7.4.3.4. Spain 
7.4.3.5. Others
7.5. The Middle East and Africa
7.5.1. Middle East and Africa SIP Trunking Services Market, by Enterprise Size, 2020 to 2027
7.5.2. Middle East and Africa SIP Trunking Services Market, by End User, 2020 to 2027 
7.5.3. Middle East and Africa SIP Trunking Services Market, by Country, 2020 to 2027
7.5.3.1. Saudi Arabia
7.5.3.2. Israel
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. Asia Pacific SIP Trunking Services Market, by Enterprise Size, 2020 to 2027
7.6.2. Asia Pacific SIP Trunking Services Market, by End User, 2020 to 2027
7.6.3. Asia Pacific SIP Trunking Services Market, by Country, 2020 to 2027
7.6.3.1. China
7.6.3.2. India
7.6.3.3. South Korea
7.6.3.4. Japan
7.6.3.5. Others

8.  COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players

9. COMPANY PROFILES
9.1. CenturyLink
9.2. CISCO
9.3. Legacy VoIP
9.4. Verizon
9.5. GTT Communications, Inc.
9.6. AT&T
9.7. TWILIO INC.
9.8. VOYANT COMMUNICATIONS
9.9. Fusion Connect, Inc. 
9.10. Rogers Communication

CenturyLink

CISCO

Legacy VoIP

Verizon

GTT Communications, Inc.

AT&T

TWILIO INC.

VOYANT COMMUNICATIONS

Fusion Connect, Inc. 

Rogers Communication