Wholesale Voice Carrier Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Description

Global Wholesale Voice Carrier Market: Overview

The surging need for providing reliable and state-of-the-art communication solutions across various end-use industries is likely to help the expansion of the global wholesale voice carrier market. Moreover, there has been a drastic expansion in the field of telecommunication networks as more and more companies progress toward globalization. As communicating with foreign investors, contractors, and clients has become faster and simpler, international business calling solutions are gaining significant pace. Rapid advancements in the fields of logistic network and communication are additionally expanding the utilization of voice carrier services.

Global Wholesale Voice Carrier Market: Growth Factors

A spike in the usage of portable devices such as laptops, smartphones, and tablets, and the increased utilization of cloud platforms, coupled with the fast growth in network infrastructure and the drastic development & evolution of the telecom industry is projected to accelerate the global wholesale voice carrier market growth. The emergence of 5G, increased usage of fiber optic, and the implementation of other connectivity services are improving the demand for voice carrier services within the developed and developing regions. The surging advancement in the internet-enabled voice calling which include VoIP is further propelling the growth of the global wholesale voice carrier market forecast.

The surge in the utilization of network-based voice calling services and applications is getting reinforced by the rising number of smartphone users and increasing demand for portable devices such as laptops and tablets. The rise in the need for calling services in the developing region is a factor expected to create ample opportunities for the global wholesale voice carrier market trends.

Owing to the COVID-19 pandemic, the global wholesale voice carrier market has increasingly gained momentum because users are calling their friends and relatives on a more frequent basis for a longer duration of time. The market players operating in the global wholesale voice carrier market are emphasizing on expanding their operations and providing better call services due to the notable increment in the call traffic.

Global Wholesale Voice Carrier Market: Segmentation

The global wholesale voice carrier market has been segmented by service type, transmission network, end-use, and region. Based on service type, the market can be segregated into interconnect billing, voice termination, and fraud management. The voice termination sub-segment is likely to dominate the market. To initiate a communication service, a wholesale provider called as tier 1 wholesaler is required. This tier 1 wholesaler does the procedure of routing the call to the final receiver by utilizing tier 2 wholesaler. The complete method of routing calls from the initiator to the end receiver or recipient is known as voice termination. Voice termination has gained lots of importance among organizations and customers owing to its affordability, particularly when using the internet-based applications or services which initiate a call.

On the basis of transmission network, the market is classified into leased network and owned network. By end-use, the global wholesale voice carrier market can be differentiated into VoIP and traditional switching.

Global Wholesale Voice Carrier Market: Regional Analysis

Asia Pacific, South America, and Middle East & Africa markets are expanding at higher rates. This is attributable to the rapid advancements and innovations in telecom networks and fast adoption of devices such as smartphones. The increasing internet penetration is a prominent growth factors that might define the wholesale voice carrier market trends in these regions. Technology plays a pivotal role in the economic expansion of countries because of which nations such as India and China and focusing on digitalizing their industrial sectors.

Global Wholesale Voice Carrier Market: Competitive Players

The major names dominating the global wholesale voice carrier market are increasingly focusing on implementing various key strategies including mergers & acquisitions, market initiatives, expansions, partnerships, collaborations, and product launches to meet the surging requirement of the numerous end-users and to improve their foothold in the industry.

Key companies leading the global wholesale voice carrier market include Deutsche Telekom AG, Vodafone Group Plc, Verizon Communications Inc., Comarch SA, Telstra Corporation Ltd., Telenor ASA, Tata Communications Ltd., Singapore Telecommunications Limited, Sprint (T-Mobile), Orange S.A., IDT Corporation, NTT Corporation, Globitel, China Telecommunications Corporation, Emirates Telecommunication Group Company PJSC (Etisalat), BT Group Plc, Bharti Airtel Ltd., BICS SA (Proximus), CITIC Telecom International Holdings Limited, BCE, Inc., AT&T, Inc., Orange S.A., and Telefonica S.A.

Global Wholesale Voice Carrier Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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