The wholesale voice carrier market size is projected to reach US$ 36.28 billion by 2031 from US$ 25.32 billion in 2023. The market is expected to register a CAGR of 4.6% during 2023–2031. The adoption of cloud-based communication platforms is likely to remain a key trend in the market.
Wholesale Voice Carrier Market Analysis
The wholesale voice carrier market is an essential component of the telecommunications sector, connecting service providers and facilitating the global flow of voice traffic. Wholesale voice carriers function as intermediates, allowing voice calls to be routed efficiently between multiple telecommunications networks. Wholesale voice carriers specialize in the wholesale voice sector, providing voice termination services to telecommunication service providers such as mobile operators, fixed-line operators, and other voice providers. These carriers build enormous networks and links with operators around the world, allowing them to efficiently handle large amounts of voice traffic. International telecommunications wholesale voice providers play an important role in integrating dissimilar networks and providing smooth communication across borders.
Wholesale Voice Carrier Market Overview
The growing demand for trustworthy and cutting-edge communication solutions across a variety of end-use industries would most likely assist in the expansion of the international wholesale voice carrier market. Furthermore, as more organizations embrace globalization, the telecommunications network sector has grown substantially. International business calling solutions are rapidly developing as communication with overseas investors, contractors, and clients has become more convenient and efficient. Voice carrier services are also becoming more popular as communication and logistical network advancements accelerate.
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Wholesale Voice Carrier Market: Strategic Insights
Market Size Value in US$ 23,139.03 million in 2021 Market Size Value by US$ 31,754.36 million by 2028 Growth rate CAGR of 4.6% during 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Wholesale Voice Carrier Market: Strategic Insights
| Market Size Value in | US$ 23,139.03 million in 2021 |
| Market Size Value by | US$ 31,754.36 million by 2028 |
| Growth rate | CAGR of 4.6% during 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Wholesale Voice Carrier Market Drivers and Opportunities
Rise in the Utilization of Network-based Voice Calling Services and Applications to Favor Market
The increase in the use of network-based voice calling services and applications has considerably aided the expansion of the international wholesale voice carriers industry. Network-based voice calling services and apps, such as Voice over IP (VoIP) and mobile applications, are extremely popular due to their low cost, ease, and flexibility. Wholesale voice carriers play an important role in easing the flow of voice traffic between various networks, including traditional telephony and IP networks. As the demand for network-based phone calling services grows, wholesale carriers' ability to deliver reliable and effective voice termination services becomes increasingly important. First and foremost, the expansion of VoIP services has been a primary driver of the wholesale voice carrier business. VoIP permits voice communication to be transmitted over IP networks rather than traditional telephone networks. This technology has transformed voice communication, offering affordable and feature-rich alternatives to traditional telephony services. Wholesale voice providers allow VoIP service providers to link their networks to other domestic and international networks, resulting in seamless communication and worldwide connectivity. The increased use of VoIP services has resulted in a considerable demand for wholesale voice carrier services to facilitate the transmission of VoIP traffic across networks.
Furthermore, network-based voice calling services and applications frequently demand dependable, high-quality voice termination services to provide optimal call quality and connectivity. Wholesale voice carriers specialize in efficiently routing voice traffic, optimizing call quality, and implementing redundancy measures to prevent service outages. Their experience handling high volumes of speech traffic, as well as their resilient infrastructure, make them excellent partners for network-based voice calling services and apps, which drives wholesale voice carriers' market growth.
Rising Adoption of Advanced Technology-Based Services
Telecommunication companies are indeed transitioning away from traditional voice and data services towards wholesale voice carrier services, driven by the increasing need for advanced technology-driven services like cloud communication and IoT. This shift is influenced by several factors, including the rise of IoT as a substantial contributor to telco revenues, the impact of over-the-top (OTT) options on traditional telco services, and the ongoing shift from voice to data. The conventional wholesale voice industry is steadily decreasing as a result of the rapid growth of OTT services and VoIP services like Facebook Messenger, WhatsApp, and Skype. Telecommunication companies are shifting towards wholesale voice carrier services, which are highly profitable, as the OTTs' portion of traditional telco services is predicted to rise significantly. Telecommunication companies are seeking out fresh chances and examples of IoT in the telecom industry to expand their range of services by utilizing their distinct assets, such as expanded communication networks and cloud computing, to track asset movements. VoIP technologies allow businesses to use one network for both voice and data, cutting down on infrastructure expenses and quickly recovering after outages.
Wholesale Voice Carrier Market Report Segmentation Analysis
Key segments that contributed to the derivation of the wholesale voice carrier market analysis are service, transmission network, and technology.
- Based on service, the market is segmented into voice termination, interconnect billing, and fraud management. The voice termination segment held a significant market share in 2023.
- In terms of transmission network, the market is divided into owned network and leased network. The leased network segment held a substantial share of the market in 2023.
- Based on Technology, the market is segmented into VoIP and traditional switching. The VoIP segment held a significant market share in 2023.
Wholesale Voice Carrier Market Share Analysis by Geography
The geographic scope of the wholesale voice carrier market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Significant growth in both economy and urbanization in the Asia Pacific region has led to a sharp increase in telecommunications activities. The region's significant population, growing middle class, and rising use of mobile and internet technologies have driven this growth. The increasing need for wholesale voice carrier services, driven by the growing demand for voice communication services nationally and globally, has resulted in the region's market domination. Nations like China, India, Japan, and South Korea have experienced notable progress in their telecommunications infrastructure and services. These markets experience a large amount of voice calls and are used by a variety of industries that heavily depend on voice services. Wholesale voice carriers in the area meet the needs of these markets by offering effective voice termination services and meeting the connectivity needs of service providers. Countries such as China and India have made important pledges to enhance their telecommunications networks, boost internet connectivity, and encourage digital transformation. These investments have established a solid base for the expansion of wholesale voice carrier services, allowing the region to meet the rising need for voice communication and connectivity.
Wholesale Voice Carrier Market Report Scope
Wholesale Voice Carrier Market News and Recent Developments
The wholesale voice carrier market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the wholesale voice carrier market are listed below:
- Global systems integrator and sustainable telecoms transformation partner Odine is pleased to announce that Xicomm will migrate and evolve their international voice services growth plan on Odine Nebula, their cloud-based international voice management solution.
(Source: Odine, Press Release, March 2023)
- Swedish telecom operator Tele2 and Deutsche Telekom Global Carrier, the wholesale division of Deutsche Telekom, have signed a partnership agreement covering international Voice activities of Tele2 Group. Tele2 has selected Deutsche Telekom Global Carrier as a partner based on its long-standing industry experience, high-quality standards, global footprint for direct termination, and best-in-class fraud management solution.
(Source: Deutsche Telekom AG, Press Release, August 2023)
Wholesale Voice Carrier Market Report Coverage and Deliverables
The “Wholesale Voice Carrier Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Wholesale voice carrier market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Wholesale voice carrier market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Wholesale voice carrier market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the wholesale voice carrier market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service, Transmission Network, and Technology
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The rise in the utilization of network-based voice calling services and applications and the impact of 5G technology and VoIP traffic growth are driving the market.
The adoption of cloud-based communication platforms is a key trend in the market.
AT&T Inc., BICS SA/NA, BT Group, DEUTSCHE TELEKOM AG, IDT Corporation, Tata Communication, TELEFONICA S.A., Lumen Technologies, VERIZON COMMUNICATIONS, INC., and ORANGE S.A. are major players in the market.
The market is expected to reach a value of US$ 36.28 billion by 2031.
The market is anticipated to record a CAGR of 4.6% during 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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