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Session Initiation Protocol (SIP) Trunking Services Market to Reach US$ 51.2 Billion by 2032
The global Session Initiation Protocol (SIP) trunking services market was valued at $15.4 billion in 2021 and it is expected to reach $51.2 billion at a CAGR of 11.20% between 2022 and 2032.
SIP trunking is widely used to replace PRI technology. Data such as instant messages, video conferencing, and voice calls are supported by SIP services. Thus, the SIP trunking services are used for call setup, management, and teardown. Hence, it provides very flexible, reliable, and lightweight solutions to a large number of end-users. Moreover, the market players are focusing on reducing operational costs and improving organizational performance, which is the major driving factor across the worldwide market. In addition, governmental support and many investors are expected to be the growth opportunities for the global SIP trunking services at present days.
key players such as AT&T (U.S), Bandwidth (U.S), BT Group (U.K), Lumen Technologies (U.S), Ceska Zbrojovka Partners SE (Czech Republic), Fusion Connect Inc (U.S), GTT Communications (U.S), IntelePeer (U.S), Miltel Telecommunications (Canada), IBM Corporation (U.S), among others.
Browse The Full Report at https://www.sheeranalyticsandinsights.com/
The Global SIP Trunking Services Market Has Been Segmented Into:
By Deployment Mode:
By Organizations Type: