Technavio, a tech-focused market research firm, has published a new report on the global SIP trunking market, which is expected to grow at a CAGR of more than 18% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global session initiation protocol (SIP) trunking market into the following key regions: the Americas, EMEA, and APAC.
Top three contributors for the global SIP trunking market are elaborated below
SIP trunking market in the Americas: The market for SIP trunking in the Americas is driven primarily by the large-scale deployment of LTE network infrastructure in the region. Furthermore, the rising demand for high-speed broadband access network coupled with the advent of online applications and social media is prompting vendors in the market space to expand wireless networks to meet the rising customer demands and implement power-efficient solutions to reduce power use.
According to Ishmeet Kaur, a lead analyst at Technavio, specializing in research on enterprise application, “Several VoIP companies such as Skype are adopting the freemium model in an attempt to expand their customer base. Such companies support advertising models to obtain revenue to maintain a strategic relationship with communication service providers to continue business.”
SIP trunking market in EMEA: The mass deployment of advanced LTE networks, spurred by increased focus on improving the performance of network connectivity among telecom service providers in the region is the fundamental driving force behind growth of the SIP trunking market in EMEA. UK, Spain, Italy Germany, and France are the key revenue contributors in the region.
SIP trunking market in APAC: APAC is expected to be a high-potential region for the SIP trunking market during the forecast period. Japan being technologically advanced is the major contributing country to the market in this region with its extensive adoption of SIP trunking services. Increasing investments in the commercial sector and on-going network infrastructure developments in developing countries such as China, India, and the Philippines are also anticipated to reflect positively on the growth of the SIP trunking market in APAC during the forecast period.
The leading vendors operating in the global SIP trunking market are:
- XO Communications
Other prominent vendors in the market include 2600Hz, 3CX, 8×8, Comcast, Cox Communication, Digium, FairPoint Communications, Flowroute, Fusion, IntelePeer, KPN International, Level 3, MegaPath, Nextiva, NTT Communications, Sangoma, ShoreTel, Sprint, Star2Star, Twilio, West IP Communications, Windstream, and Zayo.
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- Global Legal Process Outsourcing Services Market 2017-2021
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