Wholesale Voice Carrier Market Outlook, Segments, Geography, Dynamics, Recent Developments, and Strategic Insights by 2031

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

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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 Regional Insights

The regional trends and factors influencing the Wholesale Voice Carrier Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Wholesale Voice Carrier Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Wholesale Voice Carrier Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Wholesale Voice Carrier Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Wholesale Voice Carrier Market are:

1. AT&T Inc.
2. BICS SA/NA
3. BT Group
4. DEUTSCHE TELEKOM AG
5. IDT Corporation
6. Tata Communication

Disclaimer: The companies listed above are not ranked in any particular order.

      

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