Lucintel Forecasts the Global SIP Trunking Services Market to Reach $40.7 billion by 2030
Lucintel Forecasts the Global SIP Trunking Services Market to Reach $40.7 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global SIP trunking services market looks promising with opportunities in the wholesale and verticals, BFSI, healthcare, government, high-tech, retail, and education markets. The global SIP trunking services market is expected to reach an estimated $40.7 billion by 2030 from $18.1 billion in 2024,at a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are increasing adoption of cloud and unified communications and increasing adoption of VoIP.
A more than 150-page report to understand trends, opportunity and forecast in SIP trunking services market to 2030 by organization (small businesses, mid-sized businesses, and enterprises), end use industry (wholesale and verticals, BFSI, healthcare, government, high-tech, retail, and education), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the organization category, enterprises is expected to witness the highest growth over the forecast period due to their growing investment l in their core network infrastructure.
Within the end use industry category, BFSI will remain the largest segment due to simplify communication management and cost reduction.
Download sample by clicking on SIP trunking services market
In terms of region, North America is expected to witness the highest growth over the forecast period due to advancements in the network infrastructure.
AT&T, Bandwidth, Bt, Centurylink, Colt, Fusion, Gtt Communications, Intelepeer, Mitel, Net2Phone are the major suppliers in the SIP trunking services market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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