openPR Logo
Press release

SIP Trunking Services Market is Driven by Healthcare Sector

03-24-2017 11:48 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

SIP Trunking Services Market is Driven by Healthcare Sector

Session Initiation Protocol (SIP) trunking services have been gaining popularity in various industrial sectors owing to their cost benefits over traditional telephony systems.

The SIP trunking services market in North America, Europe, and Asia Pacific is expected to reach US$20.70 bn in revenue by 2024, rising from US$4.47 bn in 2015. If these values hold true, the market is estimated to expand at a CAGR of 18.6% during the forecast period of 2016 to 2024.

Browse Market Research Report:
http://www.transparencymarketresearch.com/sip-trunking-services-market.html

The market has been witnessing a steady rise in competition with telecom companies, network providers, and SIP vendors emphasizing on expanding their service offerings in different regions to explore untapped opportunities in potential markets.

SIP trunking services find application in several sectors such as BFSI, telecom and IT, healthcare, retail, government, media and entertainment, education, transportation, and manufacturing.

The IT and telecom sector led the SIP trunking services market in 2015 and is expected to continue its lead throughout the forecast period. The rapid growth of the IT sector and the continuous development in business process outsourcing (BPO) have significantly contributed to the widespread application of SIP trunking services across different regions.

The healthcare, retail, and education segments are anticipated to present several growth opportunities for SIP trunking service vendors in the coming years. In terms of adoption of SIP trunking services, the retail sector is likely to expand swiftly, registering a strong CAGR of 20.6% from 2016 to 2024.

SIP trunking services have been predominantly adopted by businesses in North America. The region led the SIP trunking services market in 2015, with the U.S. emerging as the key contributor to market in North America. The established network infrastructure in the country and the high concentration of IT and telecom organizations aid the adoption of SIP trunking services in the U.S. A rise in the number of contact centers across North America also favors the SIP trunking services market.

Make an Enquiry:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13928

Asia Pacific is anticipated to be a high potential market for SIP trunking services during the forecast period. Technologically advanced countries such as Japan are the leading contributors to the adoption of SIP trunking services in the region.

The rising investments in the commercial sector and several on-going network infrastructure developments in developing countries such as China, India, and the Philippines are anticipated to drive the SIP trunking services market in Asia Pacific through 2024.

The growth of business process outsourcing (BPO) in these countries is projected be a vital factor contributing to the adoption of SIP trunking services. Major vendors are focusing on strengthening their presence in Asia Pacific by targeting potential markets in countries such as Hong Kong, India, the Philippines, Australia, and Singapore.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release SIP Trunking Services Market is Driven by Healthcare Sector here

News-ID: 482019 • Views: 420

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for SIP

Semiconductor IP Market to 2025 - Global Analysis and Forecasts by Type (Process …
The global Semiconductor IP market is expected to grow to US$ 8,265.6 million by 2025 from US$ 3,346.1 million in 2017, growing at a CAGR of 11.9%. The semiconductor IP market is going through tremendous instability thereby plunging the CAPEX spending, due to persistent inventory adjustments in the Chinese smartphone industry. However, a remarkable growth has been witnessed in the automotive industry’s semiconductor demand amid the progression of advances in automotive
Semiconductor IP Market to 2025 - Global Analysis and Forecasts by Type (CPU SIP …
A reusable unit logic or a cell or either a layout design that is developed to license it to multiple vendors for it being used as a building block in eventual designing of a chipset is a semiconductor Intellectual Property (IP). In today's scenario, more and more functionality is being integrated onto a single chipset and therefore the presence of a predesigned IP core block makes the entire chipset designing
Global Trends in SiP Technology Development
Under the global trends where electronic products are getting thinner, multi-functional and low power, the SiP (System in Package) technology has grabbed increasing attention, especially in recent years where the demand for lightweight mobile devices and wearables rises. With the IoT (Internet of Things) era approaching, multi-functional integration and low power consumption are considered essential when selecting an electronic product. Hence, SiP is playing an increasingly important role in the
To Achieve Maximum SIP Value, Move Beyond SIP Trunking, Recommends Alsbridge
Award winning benchmarking, sourcing and transformation advisory firm, Alsbridge Inc., today released a report To Achieve Maximum SIP Value, Move Beyond SIP Trunking, discussing why enterprises fail to harness the full value of Session Initiation Protocol (SIP), in spite of it being considered an extremely powerful communications enabler. Session Initiation Protocol is becoming an increasingly ubiquitous game-changer for businesses. Yet, many enterprises that have already deployed SIP, and many others
Alsbridge Advises Moving Beyond SIP Trunking to Maximize SIP Value
Award winning benchmarking, sourcing and transformation and network advisory firm, Alsbridge, Inc., today released a new report – “To Achieve Maximum SIP Value, Move Beyond SIP Trunking,” elaborating why today’s enterprises need to move beyond carrier’s trunks and begin developing and implementing their SIP strategy through SIP Version 2. As per Alsbridge’s research, organizations taking the SIP Version 2 transformational approach versus typical SIP trunking, experience monumental savings of
Sip-tastic Saturdays
Are you constantly tormented with choosing the right wine for a dinner party? Do you cross your fingers hoping that nobody will ask “What type of wine is that?”, or “What food goes well with it?” As your holiday dinner party invitations augment, give your sweat glands a break and join Gordon’s Fine Wines & Liquors for “Sip-tastic Saturdays,” a complimentary holiday wine tasting series. Every Saturday afternoon during November