What Factors Propelled The Growth Of The Session Initiation Protocol (SIP) Trunking Services Market In The Past?
The session initiation protocol (sip) trunking services market has seen considerable growth due to a variety of factors.
• The market size for session initiation protocol (SIP) trunking services has seen notable growth in the past few years. An increase from $16.75 billion in 2024 to $18.67 billion in 2025 is anticipated, implying a compound annual growth rate (CAGR) of 11.4%.
This considerable growth during the historical period is due to the increased acceptance of cloud-based applications among SMEs, cost-efficiency of SIP trunking, technological advancements, and robust economic development in developing markets.
What Is The Forecast For The Session Initiation Protocol (SIP) Trunking Services Market By 2029?
The session initiation protocol (sip) trunking services market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for session initiation protocol (SIP) trunking services is projected to witness significant growth in the coming years, rising to $31.69 billion in 2029 with an annual growth rate of 14.1%.
This growth during the forecast period can be credited to immediate return on investment, the development of smart cities, an immense increase in VOIP, the escalating adoption of cloud-based SIP trunking services in emerging regions, and the rise of IoT. Key trends observed during the forecast period consist of strategic partnerships with technological entities, substantial improvements in existing products to enhance their flexibility and usability, and strategic acquisitions of well-established or innovative businesses in the sector.
What Are The Core Factors Supporting Growth In Session Initiation Protocol (SIP) Trunking Services Market?
The SIP trunking service market's expansion is being fueled by the decrease in communication expenses. Transitioning to SIP (session initiation protocol) delivers advantages to companies such as decreased expenditure, adaptable bandwidth distribution, superior video and audio quality, among others. Atlantech Online, a US-based firm specializing in telephone, internet, and data center services for businesses and government bodies asserts that, on average, a business can save between 20% to 60% on communication costs by shifting to SIP. The costs for SIP calls are comparatively lower, ranging from $1.67 to $15 per month for each channel. Hence, the diminishing communication expenses are projected to propel the SIP trunking service market's growth in the next few years.
How Is The Globa Session Initiation Protocol (SIP) Trunking Services Market Divided Into Key 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
Subsegments:
1) By Hosted: Cloud-Based Solutions, Managed Services, Virtual SIP Trunking
2) By On-Premises: Integrated Solutions With PBX, Hardware-Based SIP Trunks, Dedicated Line Services
Pre-Book The Session Initiation Protocol (SIP) Trunking Services Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Session Initiation Protocol (SIP) Trunking Services Market Landscape?
The growing trend of cloud-based SIP trunking service is rapidly gaining traction in the SIP trunking service market. Service providers are offering cloud-based SIP or VoIP (Void over IP) services that are easily purchasable and maintainable without any inconveniences. The benefits of this service include lowered costs, with providers shouldering all responsibilities concerning SIP trunks and bandwidth. Additionally, one key advantage of a cloud-based SIP trunk is its accessibility from any location, at any time. For instance, unified communication service provider Onsip highlighted potential cost savings for small businesses transitioning to VoIP, with potential reductions reaching 40% on local calls and 90% on international ones.
Who Are the Key Players in the Session Initiation Protocol (SIP) Trunking Services Market?
Major companies operating in the session initiation protocol (SIP) trunking services market include:
• 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
What are the Regional Insights into the Session Initiation Protocol (SIP) Trunking Services Market?
North America was the largest region in the Session Initiation Protocol (SIP) trunking services market in 2024. Europe was the second-largest market in the SIP trunking services market. The regions covered in the session initiation protocol (sip) trunking services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
