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Session Initiation Protocol (SIP) Trunking Services Market

Added: (Thu May 02 2019)

Pressbox (Press Release) - Session Initiation Protocol (SIP) Trunking Services Market is expected to reach US $12.65Bn by 2026 at a CAGR of 10.5% during the forecast period. Session Initiation Protocol (SIP) trunking is a service offered by a communications service provider that uses the protocol to provide voice over IP (VoIP) connectivity between the public switched telephone network (PSTN) and on-premises phone system.

Some of the major driving factors such as total cost of ownership (TCO), and low Capital Expenditure (CAPEX) and an increasing adoption of cloud and Unified Communications (UC) are expected to fuel the session initiation protocol (SIP) trunking services market during the forecast period. Difficulties in implementing SIP trunks and Growing concerns over Quality of Service (QoS) are some of the restraining factors that would hinder the growth of the session initiation protocol (SIP) trunking services market in future.

Session Initiation Protocol (SIP) Trunking Services Market

Session Initiation Protocol trunking market is segmented by organization size, end-user, region. Among organization size, the Small and medium-sized businesses segment is expected to grow at the highest rate during the forecast period, as SIP trunking services are available with varied pricing models and at a lower cost. The need to enhance collaboration among mobile and remote workers is driving factor for the adoption of SIP trunking services among small businesses, while large enterprise segment is expected to have large session initiation protocol (SIP) trunking services market share during the forecast period, as SIP trunking service providers offer centralized phone, reliable services to enterprises, without the hassle of maintenance costs and onsite setup.

While using verticals, Healthcare vertical segment is expected to reach at the highest CAGR during the forecast period, owing to collaboration and communication among staff members. Due to this, the adoption of session initiation protocol trunking services in hospitals is expected to increase in the future.

Based on regions, session initiation protocol trunking services market is classified into North America, Asia Pacific, Latin America and the Asia Pacific and North America. Among these, North America is expected to hold a larger session initiation protocol (SIP) trunking services market share during the forecast period. North America is advanced in terms of technology adoption and infrastructure. US and Canada allow developed economies to invest in research and development activities for the development of new technologies.

Key Players Profiled and Analysed in the Report
Orange, Rogers Communications, Sprint, Tata Communications, Telstra, Twilio, Verizon, Vodafone, Vonage etc.

For more information visit @ https://www.maximizemarketresearch.com/market-report/session-initiation-protocol-trunking-services-market-sip/14286/

Scope of the Session Initiation Protocol (SIP) Trunking Services Market

Session Initiation Protocol (SIP) Trunking Services Market, by Organization Size

Small and Medium sized Businesses
Large Enterprises Enterprises
Session Initiation Protocol (SIP) Trunking Services Market, by End-user

Verticals
Banking, Financial Services, and Insurance (BFSI)
High-Tech
Government
Healthcare
Education
Retail
Transportation and Logistics
Manufacturing
Travel and Hospitality
Others (Media and Entertainment and Legal)
Wholesale
Session Initiation Protocol (SIP) Trunking Services Market, by Region

North America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
Latin America
Key Players of Session Initiation Protocol (SIP) Trunking Services Market

AT&T
8x8
Bandwidth
BT Group
CenturyLink
Colt
Fusion
GTT Communications
IntelePeer
Mitel
Net2Phone
Nextiva
Orange
Rogers Communications
Sprint
Tata Communications
Telstra
Twilio
Verizon
Vodafone
Vonage
Voyant Communications
West Corporation
Windstream

This Report Is Submitted By @ https://www.maximizemarketresearch.com
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