What are the Historical Developments and Current Growth Metrics of the International Wholesale Voice Carrier Market?
The international wholesale voice carrier market has seen considerable growth due to a variety of factors.
• The global wholesale voice carrier market has experienced rapid expansion in recent years. Its value is projected to rise from $48.31 billion in 2024 to $56.15 billion in 2025, marking a compound annual growth rate (CAGR) of 16.2%.
The expansion in the previous period can be credited to rising global telecommunications needs, liberalization and deregulation of markets, interconnection agreements, shifts in market trends, and the evolving international business environment.
What is the Forecasted Market Size and CAGR for the International Wholesale Voice Carrier Market?
The international wholesale voice carrier market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a swift expansion in the international wholesale voice carrier market size over the next couple of years. With a compound annual growth rate (CAGR) of 16.0%, it's projected to surge to $101.53 billion by 2029.
Factors contributing to this anticipated growth during the forecast period include the rollout and adoption of 5G networks, a rise in data usage, heightened security concerns, and the incorporation of AI and automation in voice services, coupled with a growing demand for international voice services. Leading trends for the forecast period encompass emerging technologies like voice-over-internet protocol (VoIP), more integration with the Internet of Things (IoT), edge computing enhancement, and improved service quality (QoS).
What Key Factors and Trends Are Driving The Growth International Wholesale Voice Carrier Market?
The anticipated growth of the global wholesale voice carrier market is set to be driven by the burgeoning trend of remote work. This work structure enables employees to execute their responsibilities from a location other than the conventional workplace setting. Remote work offers employees greater flexibility, allowing them to tailor their own workspaces, minimize commute stress, and strike a better work-life balance. By delivering dependable voice transmission services, International wholesale voice carriers facilitate uninterrupted cross-border communication infrastructure. For example, a Gallup poll from June 2022 revealed that 4 out of 5 individuals are operating in a hybrid or remote capacity. Furthermore, the incidence of hybrid work saw an upswing in 2022, climbing from 42% in February to 49% in June, with the expectation that it will scale up to envelope 55% of individuals capable of working remotely by end of 2022. Thus, the escalating trend towards remote work is acting as a catalyst for the growth of the international wholesale voice carrier market.
What Are The Market Segments In The International Wholesale Voice Carrier Market?
The international wholesale voice carrier market covered in this report is segmented –
1) By Service: Voice Termination, Interconnect Billing, Fraud Management
2) By Transmission Network: Owned Network, Leased Network
3) By Technology: Voice Over Internet Protocol, Traditional Switching
Subsegments:
1) By Voice Termination: Fixed-line Voice Termination, Mobile Voice Termination, VoIP (Voice Over Internet Protocol) Termination
2) By Interconnect Billing: Intra-Network Billing, Inter-Network Billing, Settlement And Reconciliation Services
3) By Fraud Management: Call Fraud Prevention, Data Analytics And Reporting For Fraud Detection, Fraud Monitoring Services, Fraud Alert And Blocking Solutions
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What Emerging Trends Are Influencing The Growth Of The International Wholesale Voice Carrier Market?
Leading firms in the global wholesale voice carrier industry are shifting their focus towards the development of sophisticated solutions like powerful digital voice and broadband systems, to stay ahead in the competitive market. This pertains to the telecommunications services that deliver high-quality voice interaction and internet access using digital technology, promising swift and trustworthy data exchange for domestic and corporate users. For instance, in September 2024, U.S.-based fiber supplier, AT&T, unveiled its scheme to expand high-speed fiber internet to additional regions via continuing growth of Gigapower's fiber network. The firm inked four fresh contracts with commercial open-access suppliers to hasten fiber rollout, concentrating on economically sustainable models that fortify its fundamental approach of escalating its organic in-footprint fiber network. This enlargement is designed to boost connectivity for more U.S citizens in line with AT&T’s objective of improving nationwide broadband access.
Who Are the Key Players In The International Wholesale Voice Carrier Market?
Major companies operating in the international wholesale voice carrier market are:
• Verizon Communications Inc.
• China Mobile International Limited
• Deutsche Telekom AG Corporation
• AT&T Corporation
• NTT Group
• T-Mobile US Inc.
• China Telecom Corporation Limited
• Vodafone Group Plc
• Emirates Telecommunication Group Company
• KDDI Corporation
• Orange SA
• Telefonica SA
• BT Group plc
• BCE Nexxia Corporation
• Lumen Technologies Inc.
• Bharti Airtel Limited
• Telstra Corporation Ltd.
• Singapore Telecommunications Limited
• Telenor ASA
• Philippine Long Distance Telephone Company
• Tata Communications Limited
• CITIC Telekom International Holdings Limited
• Alepo Technologies Inc.
• Colt Technology Services
What Are The Regional Insights Into The International Wholesale Voice Carrier Market?
Europe was the largest region in the international wholesale voice carrier market in 2024. The regions covered in the international wholesale voice carrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
