Session Initiation Protocol (SIP) Trunking Services Market Is Expected To See Huge Growth Worldwide By 2031

The global session initiation protocol (SIP) trunking services market size is expected to grow from $13.03 billion in 2021 to $14.75 billion in 2022 at a compound annual growth rate (CAGR) of 13.2%. The change in the SIP trunking service market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The SIP trunking service market is expected to reach $23.58 billion in 2026 at a CAGR of 12.4%.

The Business Research Company offers the Session Initiation Protocol (SIP) Trunking Services Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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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).

Some key session initiation protocol (SIP) trunking services market players 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 session initiation protocol (SIP) trunking services 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 session initiation protocol (SIP) trunking services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Session Initiation Protocol (SIP) Trunking Services Market Segmentation:
By Type
1. Hosted
2. On Premise

By Organization Size
1. Small Businesses
2. Mid-Sized Businesses
3. Large Enterprises

By End User
1. BFSI
2. Healthcare and Life Sciences
3. Telecommunications and IT
4. Government and Public Sector
5. Manufacturing
6. Consumer Goods and Retail
7. Media and Entertainment

See more on the report at https://www.thebusinessresearchcompany.com/report/session-initiation-protocol-trunking-services-global-market-report

The Report's Table Of Contents includes
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

This report covers the trends and market dynamics of the session initiation protocol (SIP) trunking services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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