USD 30 billion
Report ID: SQMIG50B2015 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 61 | Figures: 75
Global Wholesale Voice Carrier Market size was valued at USD 30 billion in 2021 and is poised to grow from USD 30.7 billion in 2022 to USD 82.15 billion by 2030, growing at a CAGR of 15.1% during the forecast period (2023-2030).
The global Wholesale Voice Carrier market is a thriving and dynamic industry that plays a pivotal role in the telecommunications sector. As the demand for international voice communication continues to grow, Wholesale Voice Carriers act as intermediaries between telecommunication operators, facilitating the transmission of voice traffic across global networks. Wholesale Voice Carriers serve as key partners for telecom operators, providing them with cost-effective and reliable voice termination services. These carriers possess extensive network infrastructure and establish agreements with multiple operators worldwide, enabling them to offer competitive rates and high-quality voice services. The market is driven by several factors. Firstly, the increasing globalization and interconnectedness of businesses and individuals drive the demand for international voice communication. As companies expand their operations globally and people seek to stay connected with family and friends overseas, Wholesale Voice Carriers play a crucial role in enabling seamless communication. Additionally, the rise of voice over IP (VoIP) technology has revolutionized the market. VoIP allows voice traffic to be transmitted over data networks, resulting in significant cost savings and improved efficiency. Wholesale Voice Carriers leverage VoIP technology to offer scalable and flexible voice termination solutions to their customers. Furthermore, advancements in technology, such as the deployment of high-speed internet infrastructure and the adoption of cloud-based communication platforms, have further propelled the growth of the market. These developments have expanded the reach and capacity of voice services, creating opportunities for Wholesale Voice Carriers to cater to a broader customer base.
Global Market Size
USD 30 billion
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Global Wholesale Voice Carrier Market is segmented by type, end-user, and region. Based on type, the market can be segmented into voice termination, interconnect billing, and fraud management. Based on end-user, the market is segmented into VOIP and traditional switching. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Wholesale Voice Carrier Market Analysis by Type
By type, the market can be segmented into voice termination, interconnect billing, and fraud management. Voice Termination dominated the global Wholesale Voice Carrier market. It involves the termination of voice calls, whether domestic or international, between different carriers or networks. Voice Termination services cater to various end-users such as mobile network operators, fixed-line operators, and over-the-top (OTT) service providers. With the increasing demand for reliable and cost-effective voice termination services, this segment dominates the market due to its wide applicability and essential role in facilitating communication across networks.
Fraud Management is an emerging and rapidly growing segment in the global Wholesale Voice Carrier market. It focuses on preventing and mitigating fraudulent activities associated with voice traffic. Fraud in the wholesale voice carrier industry can include various fraudulent practices like SIM boxing, call pumping, and bypass fraud. Fraud Management systems employ advanced analytics, machine learning, and real-time monitoring to detect and prevent such fraudulent activities, safeguarding the revenues and reputations of wholesale voice carriers. As the industry faces increasing challenges related to fraud, this segment is witnessing significant growth and is expected to continue expanding in the coming years.
Wholesale Voice Carrier Market Analysis by End-user
By end-user, the market can be segmented into VOIP and traditional switching. The VoIP segment represents the voice communication services provided over the internet using packet-switching technology. VoIP is dominating segment in recent years due to its cost-effectiveness, scalability, and flexibility. It enables voice calls to be transmitted as data packets over IP networks, eliminating the need for traditional circuit-switched infrastructure. VoIP services cater to a wide range of end-users, including businesses, call centers, residential users, and mobile app-based voice services. The VoIP segment is dominating the market due to the increasing adoption of IP-based communication solutions and the growing preference for flexible and feature-rich voice services.
The Traditional Switching segment refers to voice communication services based on time-division multiplexing (TDM) technology. This includes the use of circuit-switched networks, such as traditional telephony infrastructure, to transmit voice signals. While the adoption of TDM-based voice services has declined with the emergence of VoIP, it still plays a significant role, particularly in regions or industries with legacy infrastructure and established customer bases. Traditional Switching caters to end-users such as traditional telecom operators, government agencies, and enterprises that rely on legacy systems. Although the Traditional Switching segment's dominance has diminished, it continues to serve specific market segments where migration to IP-based solutions may be slower or less feasible.
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North America dominated the global wholesale voice carrier market. The region boasts a highly developed telecommunications infrastructure and is home to several major Wholesale Voice Carriers. The United States, in particular, holds a significant market share due to its advanced network capabilities and large customer base. The presence of major technology hubs and multinational corporations further fuels the demand for international voice communication services. Additionally, North America benefits from a robust regulatory framework that promotes healthy competition and innovation in the telecommunications sector. As a result, the region's Wholesale Voice Carrier market remains highly competitive and continues to experience steady growth.
On the other hand, the APAC region is witnessing rapid growth and is poised to become a dominant player in the Wholesale Voice Carrier market. Countries such as China, India, Japan, and Singapore are driving this growth due to their expanding economies, rising urbanization, and increasing demand for international voice services. The APAC region has a large population base and a thriving business environment, with numerous multinational corporations establishing their presence. This creates a significant need for Wholesale Voice Carriers to facilitate seamless global communication.
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Wholesale Voice Carrier Market Drivers
Surge in The Utilization of Network-Based Voice Calling Services and Applications
Wholesale Voice Carrier Market Restraints
Emergence of alternative communication technologies
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The global Wholesale Voice Carrier market is characterized by intense competition and a diverse range of players. Numerous regional and international companies operate in this market, offering a variety of voice termination services. These companies differentiate themselves through factors such as pricing, service quality, network coverage, and technological capabilities. To gain a competitive edge, players focus on expanding their network infrastructure, forming strategic partnerships, leveraging advanced technologies like VoIP, and providing customized solutions to meet the evolving needs of their customers.
Wholesale Voice Carrier Market Top Player’s Company Profiles
Wholesale Voice Carrier Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Wholesale Voice Carrier market analysis, the market is driven by factors such as the adoption of voice over IP (VoIP) technology, advancements in infrastructure, and the expanding reach of high-speed internet. While North America dominated the market, the Asia-Pacific region is emerging as a fast-growing market due to its expanding economies and increasing connectivity. However, Wholesale Voice Carriers also face challenges, including the emergence of alternative communication technologies. To remain competitive, players focus on network expansion, strategic partnerships, and providing value-added services.
|Market size value in 2021
|USD 30 billion
|Market size value in 2030
|USD 82.15 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Wholesale Voice Carrier Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wholesale Voice Carrier Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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