Session Initiation Protocol (SIP) Trunking Services Market (by Organization Size (Large Enterprises, Small and Medium Sized Business)- by End-User (Verticals, Banking, Financial Services, and Insurance (BFSI), High-Tech, Government, Healthcare, Education, Retail, Transportation and Logistics, Manufacturing, Travel and Hospitality, Others (Media and Entertainment and Legal), Wholesale)-by Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) is expected to reach US$ $ 12.56Bn by 2026 at a CAGR of 10.5%.

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 the public switched telephone network (PSTN) and on-premises phone system.SIP is used for call establishment, teardown and management. SIP trunking is the replacement for digital Primary Rate Interfaces (PRIs). They are based on time-division multiplexing (TDM). By delivering SIP trunking over existing Multiprotocol Label Switching (MPLS) network infrastructure and Ethernet, the providers reduce the management complexity and cost associated with legacy digital platforms, while also provisioning additional features.

Some of the major driving factors such as total cost of ownership (TCO), and low Capital Expenditure (CAPEX) and an increasing adoption of cloud and Unified Communications (UC) are expected to fuel the session initiation protocol (SIP) trunking services market during the forecast period.

Difficulties in implementing SIP trunks and Growing concerns over Quality of Service (QoS) are some of the restraining factors that would hinder the growth of the session initiation protocol (SIP) trunking services market in future.

Large Enterprises segment is expected to have large session initiation protocol (SIP) market size during 2018-2026
Among organization size, the Small and medium sized businesses segment is expected to grow at a highest rate during the forecast period, as SIP trunking services are available with varied pricing models and at a lower cost. The need to enhance collaboration among mobile and remote workers is driving factor for the adoption of SIP trunking services among small businesses, while large enterprise segment is expected to have large session initiation protocol (SIP) trunking services market share during the forecast period, as SIP trunking service providers offer centralized phone, reliable services to enterprises, without the hassle of maintenance costs and onsite setup.

Healthcare vertical segment is expected to reach at a highest CAGR during the 2018-2026
While using verticals, Healthcare vertical segment is expected to reach at a highest CAGR during the forecast period, owing to collaboration and communication among staff members. Due to this, the adoption of session initiation protocol (SIP) trunking services in hospitals is expected to increase in future.
North America is likely to have larger session initiation protocol (SIP) trunking services market size during 2018-2026

Based on regions, session initiation protocol (SIP) trunking services market is classified into North America, Asia Pacific, Latin America and Asia Pacific and North America. Among these, North America is expected to hold larger session initiation protocol (SIP) trunking services market share during the forecast period. North America is advanced in terms of technology adoption and infrastructure. US and Canada allow developed economies to invest in research and development activities for development of new technologies.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as AT&T, 8×8, Bandwidth, BT Group, CenturyLink, Colt, Fusion, GTT Communications, IntelePeer, Mitel, Net2Phone, Nextiva, Orange, Rogers Communications, Sprint, Tata Communications, Telstra, Twilio, Verizon, Vodafone, Vonage, Voyant Communications, West Corporation, Windstream etc.

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