SIP Trunking Services Market with Top Key Players Flowroute Inc., 3CX , Nextiva, XO Communications, Twilio Inc., 8x8, KPN, 3CX, Allstream, ShoreTel, Level 3 Communications, NTT Communications, Digium, One Source Networks, Sangoma

We bring you the most recent and the most refurbished report titled SIP Trunking Services report analyzes the market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. This market research report is formed with a nice combination of industry insight, smart solutions, practical solutions and newest technology to give better user experience. Businesses can obtain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product. SIP Trunking Services Market analysis report comprises of historic data, present market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry.

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SIP Trunking Services Market is expected to reach USD 28.8 billion by? from USD 7.4 billion in 2017 and is projected to grow at a CAGR of 18.5% in the forecast period.Session Initiation Protocol (SIP) trunk helps in the reduction of commonly used analog, T1-based Public Switched Telephone Network (PSTN) and allows the company to get a public or private internet connection by the SIP provider. All these types of session initiation protocol providers are also known as internet telephony service providers. Session initiation protocols are widely used for internet telephony, instant messaging, over Internet Protocol (IP) networks and others. According to statista, in 2017, the telecommunication market was valued at around USD 1.4 trillion and estimated to grow to around USD 1.46 trillion by 2020. As per the ACS Chemical Neuroscience, in 2016, in U.S., the global pharmaceutical industry was stated to be USD 446 billion alone. For instance, in 2016, 3CX (Unified communication solution provider) had come into partnership with Partner-Netwerk, a VoIP provider.?

Market data is analyzed and forecast using statistical and coherent models of the market. Market shares and key developments were also taken into account during coverage.

SIP Trunking is a communications service provider that use the protocol to provide voice over IP (VoIP) connectivity between the public switched telephone network (PSTN) and on-premises phone system.

Company Landscape: SIP Trunking Services Market

?Flowroute Inc.,
3CX Ltd.,
Nextiva, Inc.,
XO Communications,
LLC,
Twilio, Inc.,
8x8, Inc.,
KPN International N.V.,
3CX, Allstream Inc.,
ShoreTel Inc.,
Level 3 Communications,
LLC, NTT Communications Corp.,
Digium, Inc.,
One Source Network, ?
Sangoma Technologies Corp.,?

Competitive Analysis:?Global SIP Trunking Services Market

The global SIP trunking services market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares for global, Europe, North America, Asia Pacific and South America.

In 2015, GTT acquires one source network a global data, Internet, Session Initiation Protocol (SIP) trunking and managed services. This acquisition will help the company to solidify its presence in SIP trunking market.

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Key Segmentation

?By Type?
On-premise,
Hosted

Applications

Telecom,
IT,
Health Care,
Retail,
Media,
Entertainment,
Government,
Education,
Others

Geographical Segments

North America,
South America,
Europe,
Asia-Pacific,
Middle East and Africa

Based on regions, session initiation protocol trunking services market is classified into North America, Asia Pacific, Latin America and the Asia Pacific and North America. Among these, North America is expected to hold a larger session initiation protocol (SIP) trunking services market share during the forecast period. North America is advanced in terms of technology adoption and infrastructure. U.S. and Canada allow developed economies to invest in research and development activities for the development of new technologies.

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Marketing Strategies Carry Out As Below:

The report comprises innovative strategies undertaken by potential stakeholders concerning the marketing of the product.
The sales channels chosen by the companies including direct as well as indirect marketing are briefly explained in the global Session Initiation Protocol (SIP) Trunking Services market report.
The distributors of these products and a gist of the customers for the same are also encompassed in the study.

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