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Session Initiation Protocol Trunking Services Market Will Show Exponential Growth In The Coming Years | Key Players Are 8x8, AT&T, BT Group, Bandwidth, Fusion, Colt, CenturyLink, IntelePeer, GTT Communications, Net2Phone
Session Initiation Protocol Trunking Services Market
Session Initiation Protocol Trunking Services Market is expected to exhibit an impressive growth over the forecast timeline due to growing adoption of Unified Communication (UC) solutions in enterprise environments along with the significant reduction in telephony costs and a rapid Return on Investment (ROI) facilitated by the service. SIP trunking Services market is a service provided by the Internet Telephony Service Provider (ITSP) to set up communication between the ITSP and the enterprise Private Branch Exchange (PBX).
Session Initiation Protocol trunking Services market eliminated the need for investing in additional PSTN gateway capacity as an enterprise’s communication needs to grow. A SIP trunking edge device installed in an enterprise’s communication network offers a lower investment path for incorporating new lines as they are typically cheaper per line compared to the corresponding traditional PSTN gateway.
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North America leads the SIP trunking services market with an extensive deployment as businesses in the region are rapidly turning to Session Initiation Protocol trunking Services Market to replace their legacy communication systems. Also, the availability of an excellent service network of major UC solution providers such as Microsoft and Cisco is enabling the successful implementation of Session Initiation Protocol trunking Services market infrastructure across organizations of all in the U.S. and Canada.
Businesses in the Asia Pacific region are aggressively undertaking digital transformation initiatives to modernize their communication infrastructure in a cost-effective manner. To enable reliable connectivity within and outside the organizations, the demand for SIP trunking services in emerging economies of the region is likely to accelerate during the forecast timeline. Advancements in network infrastructure will also play a key role in maintaining the pace of market growth during the forecast period.
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The companies operating the Session Initiation Protocol trunking services market are focusing on commercializing comprehensive suite of SIP trunking services to enable their customers to modernize their enterprise communication workflows in a cost-effective manner. For instance, in January 2016, Tata Communications launched its flagship Global Session Initiation Protocol trunking services market Connect service in the form of a white-label solution for service providers.
Some of the key players operating in the Session Initiation Protocol trunking services market are 8x8, AT&T, BT Group, Bandwidth, Fusion, Colt, CenturyLink, IntelePeer, GTT Communications, Net2Phone, Mitel, Rogers Communications, Nextiva, Orange, Telstra, Tata Communications, Vodafone, Verizon, West Corporation, Voyant Communications, Windstream, and Sprint.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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