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.
 
MILWAUKEE - Aug. 20, 2022 - PRLog -- According to a market report, published by Sheer Analytics and Insights,  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 is used for call management, establishment, and teardown. It is widely deployed by worldwide communications service providers. It is more reliable and optimizes all business communications. From crisp voice calls to high-quality video, SIP trunking services will provide good communications experiences to their customers. Furthermore, the SIP trunking service replaces the need for physical lines and it also lets people easily add new phone lines or modify phone services without any disruptions or any kind of hardware. The biggest advantage of SIP trunking services is a high level of security. Since the server is onsite and managed by the various IT staff, employers have total control over the security protocol. Governments from various developing countries are focusing on digital movement, which is anticipated to provide impetus to SIP trunking services, which enables a connected network environment. Therefore, these rising factors are expected to drive the growth of the SIP trunking services market during the forecast period across the globe.

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/market-report-research/session-initiation-protocol-sip-trunking-services-market-21

The Global SIP Trunking Services Market Has Been Segmented Into:

By Deployment Mode:
  • On-Premises
  • Hosted

By End-User:
  • BFSI
  • Education
  • Retail
  • Healthcare Sectors
  • Transportation and Logistics
  • Travel and Hospitality
  • And Others

By Organizations Type:
  • Small Enterprise
  • Medium Enterprise
  • Large Enterprise

By Regions:

North America

Europe

Asia-Pacific

LAMEA


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