Wholesale Voice Carrier Market 11.2% CAGR with Impact of COVID-19 to 2027 - Business Opportunities by AT&T, BICS, BT Wholesale, Deutsche Telekom, IDT Corporation

According to the latest research report titled “Wholesale Voice Carrier Market Forecast to 2027 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 53.74 billion by 2027, registering a CAGR of 11.2% during 2020–2027.

"Global Wholesale Voice Carrier Market Analysis to 2027 is a specialized and in-depth study of the wholesale voice carrier industry with a special focus on the global market trend analysis. The report aims to provide an overview wholesale voice carrier market with detailed market segmentation of service, transmission network, technology, and geography. The global wholesale voice carrier market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wholesale voice carrier market players and offers key trends and opportunities in the wholesale voice carrier market.

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Impact of COVID-19 Pandemic on Wholesale Voice Carrier Market

The COVID-19 pandemic has hampered the economic growth of almost every country. Office premise, public places, schools, transportation and other spaces remained closed, which declined market growth owing to low communications over voice. The telecommunication industry took several hits as the demand for business communication services decreased. The revenue model for voice has declined as no operations were carried during the lockdown period. On other hand, post lockdown, the market is emerged with new growth model as businesses shifted toward remote working and work from home models. Communicational channel evolved with new technologies, such as VoIP, with supporting software and apps for laptops and smartphones. For instance, according to the i3forum, international voice traffic increased by 20% in March 2020, compared to the same month in 2019.

Owned network for the wholesale voice transmission is an affordable solution for the market players having strong financial capabilities. Setting up new infrastructure requires strong capital investment; however, it assures the quality of service and enhances the brand in global market. Technological developments and need for assuring quality services to gain customers’ trust is driving the market growth. The owned network transmission service helps increase the market footprint with increased brand recognition and customer base. Market players are preferring the owned network transmission segment to maintain quality standards and offer next generation voice calling service for the customers. For instance, in March 2016, MNF acquired TNZI to expand their footprint in New Zealand in order to cater customers with next-generation wholesale provider services.

Strategic Insights
Players operating in the wholesale voice carrier market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the wholesale voice carrier market. A few developments by key players of the wholesale voice carrier market are:

- In 2020, BICS SA/NA joined the SMART Africa Alliance to support the alliance’s One Africa Network project. The One Africa Network project aims to reduce roaming charges among member states.

- In 2019, Deutsche Telekom AG collaborated with Orange International Carriers on POC (proofs of concept) to enhance IPX services

The overall wholesale voice carrier market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the wholesale voice carrier market. The process also serves the purpose of obtaining an overview and forecast for the wholesale voice carrier market with respect to all the segments. It also provides the overview and forecast for the global wholesale voice carrier market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, MEA and SAM. Also, primary interviews were conducted with industry participants and commentators to validate data as well as to gain more analytical insights into the topic. Participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts and key opinion leaders specializing in the wholesale voice carrier market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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