SIP Trunking Services Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 17, 2018--The “SIP Trunking Services Market by Organization Size (Small Businesses, Mid-sized Businesses, and Enterprises), End-user (Wholesale and Verticals (BFSI, Healthcare, Government, High-Tech, Retail, and Education)), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global SIP Trunking services market size is expected to grow from USD 7.63 billion in 2018 to USD 12.70 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period.
Major growth drivers for the market include reduction in the total cost of ownership by leveraging the pay-as-you-go model, increasing adoption of cloud and UC, and easy integration with Private Branch Exchange (PBX) systems. However, concerns overs security and privacy may restrain the market growth.
The enterprises segment is expected to hold the largest market size in the SIP Trunking services market by organization size during the forecast period. SIP Trunking helps enterprises break down the barriers between people using different communication modes, media, and devices to communicate with anyone, from anywhere, and at any time. Enterprises across verticals are at the forefront in adopting SIP Trunking services, as these services meet the critical communication requirements of enterprises by providing cost-effective and reliable centralized communication systems.
The BFSI vertical is expected to hold the largest market size in the SIP Trunking market by vertical during the forecast period. BFSI companies are under significant pressure to offer anytime connectivity to value chain partners and customers while ensuring the low operational costs and communication delay. SIP Trunking services help simplify communication management and cost reduction. The services also offer multiple benefits, including customized inbound call routing for fast and efficient call processing, full integration with existing or new external paging systems, cell phone and smartphone integration, interconnection of various branches, and seamless call transfers between locations.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 SIP Trunking Services Market, By Organization Size
7 SIP Trunking Services Market, By End-User
8 SIP Trunking Services Market, By Region
9 Competitive Landscape
10 Company Profiles8x8 AT&T BT Group Bandwidth Centurylink Colt Technology Services Fusion GTT Communications Intelepeer Mitel Networks Net2phone (IDT Corporation) Nextiva Orange Rogers Communications Sprint Tata Communications Telstra Twilio Verizon Vodafone Vonage Voyant Communications West Corporation Windstream For more information about this report visit https://www.researchandmarkets.com/research/wszfbt/sip_trunking?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180917005397/en/
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Related Topics:Telecommunications and Networks
INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/17/2018 09:31 AM/DISC: 09/17/2018 09:31 AM