The Session Initiation Protocol (SIP) Trunking Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Session Initiation Protocol (SIP) Trunking Services Market?
The market size for Session Initiation Protocol (SIP) Trunking Services has significantly expanded in the past few years. It is projected to increase from $16.75 billion in 2024 to $18.67 billion in 2025, with a compound annual growth rate (CAGR) of 11.4%. The observed growth in the historic period is due to several contributing factors.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Session Initiation Protocol (SIP) Trunking Services Industry?
The SIP Trunking Services market is projected to reach a value of $31.69 billion in 2029, growing at a CAGR of 14.1%.
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What are the Key Growth Drivers Fueling the Session Initiation Protocol (SIP) Trunking Services Market?
The key drivers in the session initiation protocol (sip) trunking services market are:
• Realization of instant return on investment
• Increasing development of smart cities
• Exponential growth in VOIP usage
• Growing adoption of cloud-based SIP Trunking Services in developing regions and IoT.
Global Market Segmentation: Identifying Major Session Initiation Protocol (SIP) Trunking Services Industry Segments
The session initiation protocol (SIP) trunking services market covered in this report is segmented –
1) By Type: Hosted, On-Premise
2) By Organization Size: Small Businesses, Mid-Sized Businesses, Large Enterprises
3) By End-User: BFSI, Healthcare And Life Sciences, Telecommunications And IT, Government And Public Sector, Manufacturing, Consumer Goods And Retail, Media And Entertainment, Others
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What are the Emerging Trends Shaping the Future of the Session Initiation Protocol (SIP) Trunking Services Market?
The key trends in the session initiation protocol (sip) trunking services market are:
• The market is driven by the rising adoption of cloud-based SIP trunking services in developing regions.
• Increasing smart cities and internet of things (IoT) are major driving factors.
• Strategic collaborations with technology players is a key emerging trend.
• Additional enhancements to current products to maximize flexibility and usability of trunking services, along with strategic acquisitions in the industry, is shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Session Initiation Protocol (SIP) Trunking Services Market?
Major companies in the session initiation protocol (sip) trunking services market are:
• AT&T Inc.
• Verizon Communications Inc.
• Lumen Technologies, Inc.
• Twilio Inc.
• GTT Communications, Inc.
• BT Group plc
• Vonage
• Mitel Networks Corporation
• Bandwidth Inc.
• Sangoma Technologies Corporation
• Calncall
• SingTel
• MyRepublic
• Netpluz
• AlienVoIP
• Invite Communications
• VoIP Unlimited
• OBM Automation Private Limited
• GoVOIP
• OnSIP
• RingCentral MVP
• Sonetel
• VND Solutions Limited
• Insider Telemax
• T-Max
• Optimal Technology Ltd
• China Mobile Limited
• A-Z Telecom
• Telnyx
• Atos SE
• Deutsche Telekom
• Babble Cloud
• Gamma
• Spitfire
• TalkTalk Business
• Xinix
• Zen
• Mango Office
• AstraQom
• Beeline
• MCN Telecom
• Direct Call
• Datora
• Nvoip
• VIVO
• Vono
• Central IP
• Convergia
• AVOXI
• Net2Phone
• Switch2Voip
• Cheap SIP Trunking Qatar
• Blue lynx
• Ooredoo Qatar
• Hivoox
• 3CX
• DIDWW
• Telkom Kenya Limited
• PBX Kenya
• CM.com
• ipNX Nigeria Limited
• MTN Business
• Wanatel South Africa
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the Session Initiation Protocol (SIP) trunking services market in 2024
