The SIP trunking services market was valued at US$8.803 billion in 2018 andis anticipated to grow at a CAGR of 12.21% during the period 2018-2024. Session Intiation Protocol (SIP) trunking is a method by which voice and other unified communication services are sent over the internet. The growing adoption of IP-based services over traditional PSTN services is the major factor that is driving the SIP trunking services market growth. The market is majorlydriven by rapid growth of cloud computing across the globe. Increasing adoption of cloud and unified communication systems by enterprises is increasing the demand for SIP trunking services, thus boosting the market growth. Market players are making significant investments into research and development in order to accelerate technological advancement. Ease of Integration of SIP trunking services, offered by various vendors, with PBX systems is fueling the adoption of these services by the end-users which is contributing to the growth of this market.
The SIP Trunking Services Market – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by enterprise size, end-user industry,and geography.
The SIP trunking servicesmarket has been segmented based on enterprise size, end-user,and geography. Based onenterprise size, the market has been segmented into small, medium, and large.Byend-user, the market has been segmented intocommunication and technology, healthcare, retail, BFSI, government, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down intoNorth America, South America, Europe,Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the SIP trunking servicesmarket have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the SIP trunking servicesmarket.
By Enterprise Size
Communication and Technology
Middle East and Africa