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International Wholesale Voice Carrier Global Market Report 2024 - By Share, Demand, Growth, Industry Trends, Forecast To 2033
International Wholesale Voice Carrier Market
International Wholesale Voice Carrier Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $87.47 Bn In 2028 At A CAGR Of 16% :
The international wholesale voice carrier market size has grown rapidly in recent years. It will grow from $41.53 billion in 2023 to $48.31 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to global telecommunications demand, market liberalization and deregulation, interconnection agreements, change in market dynamics, and the global business landscape.
The international wholesale voice carrier market size is expected to see rapid growth in the next few years. It will grow to $87.47 billion in 2028 at a compound annual growth rate (CAGR) of 16%. The growth in the forecast period can be attributed to rollout and adoption of 5G networks, rising data consumption, increased security concerns, incorporation of artificial intelligence and automation in voice services, and increased demand for international voice services. Major trends in the forecast period include emerging technologies such as voice-over-internet protocol (VoIP), greater integration with IoT, edge computing optimization, and enhanced quality of service (QoS).
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International Wholesale Voice Carrier Market Major Segments
The international wholesale voice carrier market covered in this report is segmented -
1) By Service: Voice Termination, Interconnect Billing, Fraud Management
2) By Transmission Network: Owned Network, Leased Network
3) By Technology: Voice Over Internet Protocol, Traditional Switching
Key Driver - Remote Work Surge Fuels Expansion In International Wholesale Voice Carrier Market
The rising remote work is expected to propel the growth of the international wholesale voice carrier market going forward. Remote work refers to a work arrangement in which employees perform their job duties from a location outside of the traditional office environment. The increased flexibility in remote work has empowered employees to craft personalized work environments, alleviating transportation stress and enhancing work-life balance. International wholesale voice carriers ensure seamless communication infrastructure across borders by providing reliable voice transmission services. For instance, according to a Gallup survey in June 2022, found that 8 in 10 people are working hybrid or remote. Moreover, hybrid work increased in 2022 (from 42% in February to 49% in June), and it is predicted to expand further to 55% of remote-capable workers by the end of 2022. Therefore, the rising remote work trend is driving the growth of the international wholesale voice carrier market.
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Prominent Trend - Advanced Digital Voice And Broadband Solutions For Enhanced Connectivity
Major companies operating in the international wholesale voice carrier market are increasing their focus on developing advanced solutions, such as powerful digital voice and broadband solutions, to gain a competitive edge in the market. Digital voice and broadband solutions refer to telecommunications services providing high-quality voice communication and internet connectivity using digital technologies, offering fast and reliable data transmission for residential and business users. For instance, in September 2021, BT Wholesale Limited, a UK-based telecommunications company, launched powerful digital voice and broadband solutions for channel partners' small business customers. This technology aimed to provide small businesses access to a digital phone line and ultrafast full-fiber broadband speeds to support their digital transformation needs.
International Wholesale Voice Carrier Market Players
Major companies operating in the international wholesale voice carrier market are Verizon Communications Inc., China Mobile International Limited, Deutsche Telekom AG Corporation, AT&T Corporation, NTT Group, T-Mobile US Inc., China Telecom Corporation Limited, Vodafone Group Plc, Emirates Telecommunication Group Company, KDDI Corporation, Orange SA, Telefonica SA, BT Group plc, BCE Nexxia Corporation, Lumen Technologies Inc., Bharti Airtel Limited, Telstra Corporation Ltd., Singapore Telecommunications Limited, Telenor ASA, Philippine Long Distance Telephone Company, Tata Communications Limited, CITIC Telekom International Holdings Limited, Alepo Technologies Inc., Colt Technology Services
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Largest And Fastest Growing Region In The Market
Europe was the largest region in the international wholesale voice carrier market in 2023. The regions covered in the international wholesale voice carrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. International Wholesale Voice Carrier Market Report Structure
3. International Wholesale Voice Carrier Market Trends And Strategies
4. International Wholesale Voice Carrier Market - Macro Economic Scenario
5. International Wholesale Voice Carrier Market Size And Growth
…..
27. International Wholesale Voice Carrier Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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