SIP trunking services market expected to grow 35% in 2014 & top $8 billion by 2018
Infonetics Research released excerpts from its new SIP Trunking Services market size and forecasts report, which tracks Session Initiation Protocol (SIP) trunking revenue, trunks, and average revenue per trunk.
SIP trunking is a means of synthesizing the Session Initiation Protocol and Voice over Internet Protocol (VoIP) to provide telephony services over data networks. The two leading SIP trunk providers are BroadVoice and 8×8, Inc.
SIP TRUNKING SERVICES MARKET HIGHLIGHTS:
. The global SIP trunking services market is on track to grow 35% in 2014, to $4.4 billion
. The biggest market for SIP trunking services is North America, although new geographic markets continue to open up, helping fuel growth
. More and more businesses are making the switch to SIP trunking, but they are not cutting 100% of connections to SIP on day one; rather, SIP is typically being deployed at one or two sites to start
. Infonetics expects continued strong worldwide growth for SIP trunking over the next five years, forecasting the market to reach $8 billion in 2018
. SIP trunking is being pitched alongside hosted PBX and unified communications (UC) services as more businesses seek hybrid solutions
“There is no denying the world is moving to IP, and SIP has become the de facto solution of choice for businesses for IP connections. In North America, slightly more than 20% of the installed business trunks are SIP trunking today, with significant upside opportunity,” notes Diane Myers, principal analyst for VoIP, UC, and IMS at Infonetics Research.
SIP REPORT SYNOPSIS:
Infonetics’ annual SIP trunking services report provides worldwide and regional market size, forecasts through 2018, analysis, and trends for SIP trunking revenue, trunks, and average revenue per trunk.
To buy the report, contact Infonetics:
www.infonetics.com/contact.asp
RELATED REPORT EXCERPTS:
. Infonetics’ October Enterprise Voice, Video, and UC research brief:
http://www.infonetics.com/2014-newsletters/Enterprise-Voice-Video-UC-October.html
. Over 3/4 of N. American businesses surveyed plan to use SIP trunking by 2016
. Shift to software and services in enterprise videoconferencing market tamps revenue growth
. Enterprise session border controller (eSBC) market up 8% in 2Q14
. PBX market struggles linger in first half of 2014; UC up 31% from year ago
. Cloud PBX and unified communication services a $12 billion market by 2018
References:
Analysis of the North American VoIP Access and SIP Trunking Services Market 2013-2020
http://www.businesswire.com/news/home/20141001006535/en/Research-Markets…