Global Session Initiation Protocol (SIP) Trunking Services Market Growth (Status and Outlook) 2023-2029

Global Session Initiation Protocol (SIP) Trunking Services Market Growth (Status and Outlook) 2023-2029

Session Initiation Protocol (SIP) trunking is a service offered by a communications service provider that uses the protocol to provision voice over IP (VoIP) connectivity between an on-premises phone system and the public switched telephone network (PSTN). SIP is used for call establishment, management and teardown. SIP trunking is typically sold as a replacement for digital Primary Rate Interfaces (PRIs), which are based on time-division multiplexing (TDM).

LPI (LP Information)' newest research report, the “Session Initiation Protocol (SIP) Trunking Services Industry Forecast” looks at past sales and reviews total world Session Initiation Protocol (SIP) Trunking Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Session Initiation Protocol (SIP) Trunking Services sales for 2023 through 2029. With Session Initiation Protocol (SIP) Trunking Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Session Initiation Protocol (SIP) Trunking Services industry.

This Insight Report provides a comprehensive analysis of the global Session Initiation Protocol (SIP) Trunking Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Session Initiation Protocol (SIP) Trunking Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Session Initiation Protocol (SIP) Trunking Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Session Initiation Protocol (SIP) Trunking Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Session Initiation Protocol (SIP) Trunking Services.

The global Session Initiation Protocol (SIP) Trunking Services market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Session Initiation Protocol (SIP) Trunking Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Session Initiation Protocol (SIP) Trunking Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Session Initiation Protocol (SIP) Trunking Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Session Initiation Protocol (SIP) Trunking Services players cover AT&T, BT Group, Centurylink, Fusion, Verizon, 8x8, Windstream, Bandwidth and Colt Technology Services, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Session Initiation Protocol (SIP) Trunking Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Small Businesses
Mid-sized Businesses
Large Enterprises

Segmentation by application
Banking, Financial Services, and Insurance(BFSI)
High-Tech
Government
Healthcare
Education
Retail
Transportation and Logistics
Manufacturing
Travel and Hospitality

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AT&T
BT Group
Centurylink
Fusion
Verizon
8x8
Windstream
Bandwidth
Colt Technology Services
GTT Communications
Intelepeer
Mitel Networks
Renesas Electronics Corporation

Please note: The report will take approximately 2 business days to prepare and deliver.