International Wholesale Voice Carrier Market by Current Trends and Business Strategies Analysis by Leading Players to 2027
The international wholesale voice carrier market share is expected to depict substantial expansion in the coming years, impelled by the development of innovative solutions by major industry participants. Citing an instance, in September 2021, BT Wholesale rolled out an array of digital solutions, Broadband One and WHC Express, for channel partners. The launch assisted the company in enhancing its revenue and position in the market.
To consider another instance, in August 2021, IDT Corporation, one of the leading wholesale voice providers, entered into an SMS agreement with Telefonica Global Solutions. The collaboration will assist IDT in the transmission of SMS messages directly to Telefonica’s mobile subscribers across the globe. Driven by similar developments and as per the latest research conducted by Global Market Insights, Inc., international wholesale voice carrier market size is anticipated to exceed a valuation of USD 60 billion through 2027.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4796
Increasing deployment of VoIP technology
VoIP is enabled via the integration of numerous technologies deployed for the transmission of voice communication over the Internet, enterprise Local Area Network (LAN), or Wide Area Network (WAN). The solutions facilitate hassle-free and cost-effective integrations for social media, emails, phones, chats, and other communication channels utilized by enterprises.
The industry is also witnessing surging activities by telecom industry players and CSPs for buying wholesale voice carrier services for the mitigation of financial losses and improvement of revenues. The services provide high-quality and reliable termination on wholesale voice traffic by means of TDM networks and VoIP, which can be owned or leased.
Surging demand for owned networks and interconnect billing services
A number of telecom operators are focusing on investments for setting up their own infrastructure. In addition, the increasing demand for fiber optics and supportive government initiatives are expected to offer considerable opportunities of growth for the telecom industry.
Owing to these factors, the owned network segment recorded around 65% of the overall market revenue in 2020 and will register lucrative growth through 2027.
The industry is also set to observe remarkable traction from interconnect billing services given that they help enterprises in the accumulation, billing, and tracking of both international and national carriers for the provision of effective auditing capabilities. Additional advantages of the service include better control & transparency, fast decision making, and 360-degree process efficiency. On this note, the overall market revenue from interconnect billing services is expected to grow at a CAGR of above 10% over the projected period.
Browse report summary @ https://www.gminsights.com/industry-analysis/wholesale-voice-carrier-market
Europe international wholesale voice carrier market – prospects of expansion through 2027
Europe market is characterized by the soaring penetration of 5G network services and government initiatives for the analysis of mobile termination rates. Citing an instance, in July 2021, the region recorded the enforcement of Delegated Regulation that decides single maximum union-wide rates of voice termination.
The single maximum union will decrease fragmentation, further facilitating a more competitive cross-border environment. The regulation benefits European consumers via numerous offers on mobile calls. On this note, Europe international wholesale voice carrier industry will register a CAGR of 10% between 2021 and 2027.
In a nutshell, the adoption of wholesale data and voice services for addressing the dynamic requirements of high-quality roaming services and surging voice traffic will boost industry expansion through the forecast period.
Some of the key players operating in the market are Alepo, AT & T, Inc., BCE Nexxia Corporation, Bharti Airtel Ltd., BICS SA, BT Group Plc, CenturyLink, Inc., China Telecommunications Corporation, CITIC Telecom International Holdings Limited, Deutsche Telekom AG, Emirates Telecommunication Group Company PJSC (Etisalat), Globitel, IDT Corporation, NTT Corporation, Orange SA etc.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]