![]() The regions covered in the SIP trunking service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. ![]() North America was the largest region in the Session Initiation Protocol (SIP) trunking services market in 2022.Europe was the second-largest market in the SIP trunking services market. SIP trunking service is used for call establishment, administration, management, and teardown. Session initiation protocol (SIP) trunking refers to a service offered by a communications service provider that uses the protocol to provision voice over IP (VoIP) connectivity between an on-premises phone system and the public switched telephone network (PSTN). Only goods and services traded between entities or sold to end consumers are included. The session initiation protocol (SIP) trunking services market consists of revenues earned by entities that are engaged in providing services such as symmetrical trunking and asymmetrical trunking.The market value includes the value of related goods sold by the service provider or included within the service offering. The session initiation protocol (sip) trunking services market is expected to grow to $26.82 billion in 2027 at a CAGR of 12.9%. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. ![]() The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The global session initiation protocol (sip) trunking services market grew from $14.69 billion in 2022 to $16.49 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. , GTT Communications Inc., IntelePeer Inc., Level 3 Communications, Mitel Networks Corporation, Net2Phone, Nextiva Inc., NTT Communications Corporation, Rogers Communications, Tata Communications Ltd., Telstra Inc., Twilio Inc., Vodafone Group PLC, Vonage Holdings Corporation, Voyant Communications LLC., West Corporation, Allstream Inc., Plivo Inc., Ringcentral Inc., Sangoma Technologies Corporation, ShoreTel Inc., and Sprint Corporations. New York, Ap(GLOBE NEWSWIRE) - announces the release of the report "Session Initiation Protocol (SIP) Trunking Services Global Market Report 2023". Major players in the Session Initiation Protocol (SIP) trunking services market are 8x8 Inc., Verizon Communications, 3CX, AT&T Inc., Bandwidth, BT Group plc, CenturyLink, Colt Inc., Flowroute, Fusion Connect, Inc.
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