SIP Trunking Services Market by End-user (Verticals (Healthcare, Government, BFSI, High-Tech, Retail, and Education) and Wholesale), Entity Size (MSMEs and Enterprises), and Region – 2022 to 2027


The global Session Initiation Protocol (SIP) Trunking services market size is expected to reach USD 13.8 billion by 2024, growing at a CAGR 10.2 % over the forecast period. Low Capital Expenditure (CAPEX), Total Cost of Ownership (TCO) and increasing cloud and unified communications (UC) are key market growth factors.