SIP Trunking Market Share, Size, and Trends by 2031
SIP Trunking Market: Strategic Insights
SIP Trunking Market
-
CAGR (2023 - 2031)12.9% -
Market Size 2023
US$ 13.87 Billion -
Market Size 2031
US$ 36.74 Billion
Market Dynamics
GROWTH DRIVERS
- Enterprises are increasingly using unified communication
FUTURE TRENDS
- An increase in the usage of Bring Your Own Devices (BYOD)
OPPORTUNITIES
- Public switched telephone network usage is decreased via SIP trunking services.
Key Players
- CenturyLink
- AT T
- Bandwidth
- Mitel
- Net2Phone
- GTT Communications
- BT Group
- Fusion
- Colt
- IntelePeer
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Deployment Type
- On-premise
- Hosted
Enterprise Size
- Small & Medium Businesses
- Large Enterprises