Market Analysts predict SIP Trunking will expand over the period between 2017 and 2022. In the report of the SIP Trunking Services Industry, it stated that the industry focuses on the primary drivers and restraints for the key companies or critical players as they call it. The analysts predict that the SIP market will rise up to $8 billion in 2018.
SIP (Session Initiation Protocol) is a particular function of VoIP (Voice over Internet Protocol) technology. SIP’s goal is to allow voice and video communication to transpire over the internet without having a standard connection with a telephone company. It will enable virtual connections that link a consumer’s existing business phone system to the telephone network utilizing their current internet access.
The customer can then pool their resource needs, and it also helps cut costs because instead of replacing a customer’s current phone system, customers can enhance their systems and be able to utilize modern real-time communications services, like call recording, bursting and Enhanced 911 (E911) emergency calls. The SIP system can ensure its consumers because it is the new means of business in the fast-paced 21st-century society we live in.
The SIP Trunking Services Market research report is a professional and in-depth study on the current state of the SIP Trunking Services Industry, the report provides the newest industry data and future industry trends, allowing you to identify the products and end users driving revenue growth and profitability. The SIP Trunking Services market report includes the forecasts, analysis, and discussion of relevant industry trends, market size, market share estimates and profiles of the leading industry players.
Among more than 3,500 IT managers surveyed worldwide, the global regions with the fastest SIP growth are the Middle East, Asia Pacific, and Africa. The growth rate in the said regions is reported to be much higher in the US and Europe. However, both of the latter are still in the works and maturing. Both SIPs in the US and Europe also exceed the projected target market goal forecast by 50% even though they are what appears to be the weakest links in the SIP industry lately.