ALBANY, N.Y., Nov. 4, 2020
- Global SIP trunking services market is predicted to gather valuation of approximately US$ 35.5 Bn by 2030. This growth is attributed to increased acceptance of SIP trunking services by small enterprises across the globe.
- On regional front, North America SIP trunking services market is foreseen to gather promising revenues during 2020–2030.
ALBANY, N.Y., Nov. 4, 2020 /PRNewswire/ -- Numerous organizations across the globe are inclined toward the acceptance of cloud-based SIP trunking services. One of the important reasons behind this growing acceptanceis the ability of these services to eliminate the requirement for installation of equipment infrastructure in organizations. Thus, increased adoption of these services is resulting into slashing down the need for installation and managementcost. This factor is likely to help in the expansion of SIP trunking services market during 2020 to 2030.
The global SIP trunking services market is projected to grow at promising CAGR of ~13% in the assessment period of 2020 to 2030. This growth is attributed to rising acceptanceof cloud-based communication solutions and remarkable reduction in the overall ownership cost owing to the introduction of the pay-as-you-go model.Apart from this, the SIP trunking services market is likely to experience stupendous growth on the back of increasing integration between SIP trunking services and private branch exchange systems.
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Key Findings of SIP Trunking Services Market Report
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SIP Trunking Services Market: Key Driving Factors and Promising Avenues
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SIP Trunking Services Market: Competitive Assessment
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The SIP trunking services market can be segmented as follows:
Middle East & Africa
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