Tuesday, 08 September 2020 00:15

VOIP, smartphones drive wholesale voice carrier market to US$45 billion value by 2026


The wholesale voice carrier market is likely to register significant gains in coming years owing to the increasing trend of international VoIP calling and rising penetration of smartphones, according to a recent study that forecasts the market is set to grow from its current market value of more than US$20 billion to over US$45 billion by 2026 - gaining “remarkable traction” over the 2020 to 2026 period.

According to the study from market research firm Global Market Insights communications service providers are facing new challenges owing to the exponential rise of OTT services and VoIP services like Skype, WhatsApp, and Facebook Messenger, and regardless of the numerous challenges in the wholesale communications market, carriers and wholesale telecoms providers continue to play a significant role in the success of retail communications services.

Wholesale voice is also utilised by businesses that are engaged in telecom for providing international, long distance, toll free, DID, local voice services along with other applications which include dial-up, fax, and video conferencing.

Wholesale voice, also termed as wholesale VOIP, comes in various speeds which range from ISDN PRI T1 to Ocx, and wholesale VoIP is considered an important part of the international communications sectors.

“Delivering wholesale services comprises of supporting a combination of physical and progressively virtualised infrastructure, together with the management of an array of processes,” Global Market Insights said.

According to Global Market Insights, the wholesale voice carrier market is bifurcated in terms of service, transmission network, technology, and regional landscape.

“From a regional frame of reference, in 2019, the Europe held a market share of over 23% and will continue to register similar growth trends due to increasing trend of international VoIP calling. Comprising of some of the world's major economies, the region is expected to register a remunerative rate of growth through the forecast timeframe.

“Latin America wholesale voice carrier market is projected to witness a CAGR of more than 10% over the forecast timeframe due to increasing subscriber count and penetration of smartphones.

“The development of the telecom industry across the region is expected to lead to the improvement of broadband and mobile services penetration rates, reaching all facets of the society. This trend would be a major factor driving the wholesale voice carrier market in the region over the coming years,” Global Market Insights concludes.

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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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