What is Sip Trunking Services Market Scope?
Session Initiation Protocol is the way to achieve a voice-over IP (VoIP) call. Itís an application layer protocol for setting up real-time sessions of audio and/or video between two endpoints. SIP is the technology that creates, modifies, and terminates sessions with one or more parties in an IP network, whether a two-way call or a multi-party conference call. It has emerged as effective cost-saving service and its adoption continues to grow across various sectors. and North America will dominate the SIP trunking services market because of the high adoption rates of advanced technologies and the major presence of key players along with increasing investments in the SIP trunking services market, especially in the United States and Canada.
The Sip Trunking Services market study is being classified and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Sip Trunking Services market throughout the predicted period.
Mitel (Canada), Rogers Communications (Canada), Sangoma Technologies Corp. (Canada), AT&T Inc. (United States), Verizon Communications (United States), CenturyLink (United States), Twilio Inc. (United States), Bandwidth (United States), GTT Communications (United States) and Voyant Communications (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are NTT Communications Corp. (Japan), BT Group (United Kingdom), Vodafone (United Kingdom), Tata Communications (India), Nextiva, Inc. (United States), ShoreTel Inc. (United States) and 8x8, Inc. (United States).
Analyst at AMA have segmented the market study of Global Sip Trunking Services market by Type, Application and Region.
On the basis of geography, the market of Sip Trunking Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In October 2019, SkySwitch partnered with 3CX Ltd, to provide advanced level SIP trunking solutions to create and manage virtual connections. The initiative would help the company to improve its customer base and enhance its market presence worldwide.
In April 2019, Verizon Communications partnered with Microsoft Corporation to provide cloud-based integrated connectivity solutions, including SIP trunking services. This cloud-based service is likely to reduce the requirement for organizations to invest in new hardware systems to combine their collaboration and communication efforts.
- Increasing Adoption of SIP Trunking Services in Industry Verticals such as Healthcare and IT & Telecom
- Growing Adoption of Unified Communication Solutions in Enterprise Environments
- Cost-Effective Solution In Comparison With the Equivalent Analog Trunks
- Increasing Adoption of Cloud-Based Technologies
- Interoperability is one of the Major Issues Faced by SIP Trunking Services in the Market
- Rising Security Concerns among End Users
- Difficulties in Implementing SIP Trunks and Growing Concerns over Quality of Service (QoS)
Key Target AudienceSIP Trunking Services Providers, Cloud Service Providers, Telecom Operators, System Integrators, Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), Communication Service Providers (CSPs), End-Use Industries and Others
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