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North American Wholesale Voice Carrier Market revenue to hit $8 Bn by 2026
Published Date: 2021-07-06
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North American Wholesale Voice Carrier Market size is predicted to reach USD 8 billion by 2026, according to a latest forecast report by Graphical Research.
Commercialization of the 5G technology is expected to usher newer possibilities for wholesale voice services, especially for VoIP systems. With the use of 5G technology, there is a fundamental change in how bandwidth is used. Growing investments in the telecom sector are currently focused on networks and infrastructure expansion, enabling new services and stimulating growth. Investments are majorly driven by operators investing in next generation 5G networks as mobile operators need to keep up with the mobile data explosion and the introduction of cloud services (network, IT, and processes) offered by telecom carriers.
The interconnected billing segment held a market share of over 15% in 2019. Interconnect is the process of handling calls for other service providers. This allows customers of one service provider to communicate with the customers of another service provider. Interconnect billing calculates the amount to be paid to and receive from each network operator using the interconnect infrastructure to arrange call origination and termination.
The owned network segment is expected to grow at a CAGR of over 10% during the forecast period due to the benefits of wireless infrastructure that enable the use of wholesale voice carrier services to connect with other enterprises. The decrease in voice termination pricing is enabling enterprises with networks to lease their additional network capacity, thus generating more revenues.
Browse detailed statistical insights from the report, “North America Wholesale Voice Carrier Market Forecast 2026 By Transmission Network (Owned Network, Leased Network), By Service (Voice Termination, Interconnect Billing, Fraud Management), By Technology (VoIP, Traditional Switching), Research Report, Regional Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The VoIP held a market share of over 40% in 2019 due to the rising number of VoIP users in the region. With VoIP, domestic long-distance calls are very cheap, whereas international calls cost low compared to traditional circuit-switched telephone networks. Furthermore, voice data is cheaper to transmit over internet protocol compared to circuit-switched PSTN. As telephony traffic shifts from a dedicated voice network to a data network, notable cost reductions can be achieved. VoIP is enabled by the combination of different technologies employed to transmit voice communication over the Internet, Wide Area Networks (WAN), or enterprise Local Area Networks (LAN).
Canada wholesale voice carrier market is expected to grow at a significant CAGR during the forecast period due to the growing use of wholesale voice services along with fraud prevention mechanisms to help enterprises ensure optimum communication medium with robust protection. Additionally, the commercialization of 5G network services in the country will further support the market growth. Regional telecom enterprises are emphasizing on strategic partnerships to deliver 5G services. For instance, in February 2020, Telus Corporation partnered with Huawei to launch a 5G network in Canada. This partnership followed the processes for government standards compliance to provide efficient devices and solutions. With the availability of high-speed internet connectivity, enterprises in the country can benefit from IP-based telephony services.
The North American wholesale voice carrier market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2015 to 2026 for the following segments:
North America Market, By Service
- Voice Termination
- Interconnect Billing
- Fraud Management
North America Market, By Transmission Network
- Owned Network
- Leased Network
North America Market, By Technology
- Traditional Switching
The above information has been provided for the following countries:
- North America