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Session Initiation Protocol (SIP) Trunking Services Market | Business Overview, Recent Developments, Estimated Revenue, New Trends, Statistical Analysis, And Future Prospects
Session Initiation Protocol (SIP) Trunking Services Market
The SIP trunking service market report describes and explains the global SIP trunking service market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The SIP trunking service market consists of sales of session initiation protocol (SIP) trunk and related services by entities (organizations, sole traders, and partnerships) that is offered by a communications service provider that uses the ability to give voice over IP (VoIP) connectivity between the on-premises phone system and public switched telephone network (PSTN). The SIP trunking service is used for call establishment, administration and teardown. SIP trunks are sold as a replacement for the digital primary rate interface (PRI), which is based on time-division multiplexing (TDM).
The global session initiation protocol (SIP) trunking services market is expected to grow from $11.29 billion in 2020 to $13.03 billion in 2021 at a compound annual growth rate (CAGR) of 15.4%. The change in growth trend of the SIP trunking service market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The SIP trunking service market is expected to reach $20.67 billion in 2025 at a CAGR of 12.2%.
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Some of the major players of the SIP trunking service market are 8x8 Inc., Verizon Communications, 3CX, AT&T Inc, Bandwidth, BT Group plc, CenturyLink, Colt Inc., Flowroute, Fusion Connect, Inc., GTT Communications Inc., IntelePeer Inc., Level 3 Communications, Mitel Networks Corporation, Net2Phone, Nextiva Inc., NTT Communications Corporation, Rogers Communications, Tata Communications Ltd., Telstra Inc., Twilio Inc., Vodafone Group PLC, Vonage Holdings Corporation, Voyant Communications LLC., West Corporation, Allstream Inc., Plivo Inc, Ringcentral Inc., Sangoma Technologies Corporation, ShoreTel Inc., and Sprint Corporations.
The countries covered in the global SIP trunking service market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global SIP trunking service market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global session initiation protocol (SIP) trunking services market is segmented -
1) By Type: Hosted, On Premise
2) By Organization Size: Small Businesses, Mid-Sized Businesses, Large Enterprises
3) By End User: BFSI, Healthcare And Life Sciences, Telecommunications And IT, Government And Public Sector, Manufacturing, Consumer Goods And Retail, Media And Entertainment, Others
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Few Points From Table Of Content
1. Executive Summary
2. Session Initiation Protocol (SIP) Trunking Services Market Characteristics
3. Session Initiation Protocol (SIP) Trunking Services Market Trends And Strategies
4. Impact Of COVID-19 On SIP trunking services
5. Session Initiation Protocol (SIP) Trunking Services Market Size And Growth
…
26. Africa Session Initiation Protocol (SIP) Trunking Services Market
27. Session Initiation Protocol (SIP) Trunking Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Session Initiation Protocol (SIP) Trunking Services Market
29. Session Initiation Protocol (SIP) Trunking Services Market Future Outlook and Potential Analysis
30. Appendix
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