New Study Shows VoIP and SIP Trunking Market Growing and Deepening
A new market research report by Frost & Sullivan analyzing the VoIP access and SIP Trunking market reveals a rapidly growing industry in a critical phase of development. The study offers a broad forecast of the VoIP access and SIP industry; starting with an analysis of the U.S market beginning in 2011, the report predicts user and revenue estimates up to 2017.
The report is a deep investigation into how revenue is growing and will continue to grow by percent over in the VoIP access and SIP trunking services market as IP-based services become more prevalent. 2011 is cited as the mightiest year yet for the category, as service providers saw over twice the penetration rate into large enterprises when compared to 2010, comprising a hefty percent of the year’s revenues, while small and medium-sized businesses (SMBs) were strong as well. It was also in 2011 that the industry began seeing a large number of mergers and acquisitions.
Though still very young, VoIP access and SIP trunking services are quickly proving their potential, and seeing that medium and large businesses are adapting to the technology shows critical success as well. As more businesses move to end-to-end IP-based unified communications infrastructure, as well as depart from traditional legacy telecom interfaces, VoIP access and SIP trunking services will undoubtedly stand as an increasingly logical choice. The study shows that even when a business isn’t upgrading to IP telephony, it still welcomes VoIP access and SIP trunking services because of its flexibility and cost-saving benefits.
Ultimately, it is a vital field boasting great opportunity and business. New competitors are coming into play via acquisition, while existing market participants are fortifying by acquiring competitors.
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