08 May Growth Prospects in the SIP Trunking Services and VoIP Access Market of North America
The SIP trunking services and VoIP access market has maintained its pace to become the default source of connection between on-site consumer platform and the PSTN (public switched telephone network). They are also expected to hold their stance prominently in supporting the efforts of a large number of revolutionary businesses towards digital transformation. The next generation voice access services include:
- Basic VoIP Access Services: These are congregated access lines linking with basic low-end structures or primarily with telephony endpoints usually via ATAs (analog telephone adapters).
- VoIP Trunking: These are joined access lines linking through TDM (time division multiplexing) enterprise telephony platforms.
- SIP (Session Initiation Protocol) Trunking: These are converged access lines linking with IP based telephony platforms.
The market drivers that are having a positive effect on the SIP trunking services and VoIP access market of North America along with technology trends related to SIP trunking services and VoIP access are identified to be the advanced on-site UC (unified communication) platforms. This includes Cisco Unified Call Manager and Microsoft Skype for Business, which are already augmented for SIP trunking instead of legacy communication services. This has become a substantial element, which is attracting businesses towards the service. Similarly, feature-rich value-added services at a competitive pricing have encouraged consumers to switch to voice services based on IP. On the other hand, inert migration tactics at the end of some providers and the intrusion of substitute services, for instance, persuasive UC services based on cloud, have been identified as the factors that are holding back the market to reach its maximum potential.
The VoIP market not only provides developing economies with the vast prospect for growth but also offer developed economies the same. Moreover, SIP trunking services market has been anticipated to reach a value of approximately 4.5 billion US dollars across the globe by the end of 2018. Continuing with this anticipated trend of sustained progress in SIP trunking over the course of next 5 years, it has been predicted that the value of SIP trunking services and VoIP access market will cross the mark of 9 billion US dollars by 2023. In North America, approximately 20 percent business trunks are SIP. At international level, this percentage is rather less. Hosted PBX and UC are motivating implementation and these figures are expected to shoot up. If you are wondering why there has been so much interest in SIP, at consumer level, it allows saving big on telephony expense by reducing bills up to 30 to 60 percent. In addition to that, it offers increased flexibility with the capability to allocate the accessible bandwidth in any way possible and facilitates with paying only for the required services. DigitalPhone.io offer three different SIP Trunking options at the most competitive prices.