SIP Trunking Services to Receive a Boost as Telecom Companies Switch to IP-based Networks
The SIP trunking services market in North America, Europe, and Asia Pacific is composed of several small and large vendors. These include Flowroute, Inc., 3CX Ltd., Nextiva, Inc., Twilio, Inc., Allstream, Inc., and Sangoma Technologies Corporation. Transparency Market Research finds that these companies have been depending on collaborations with local channel partners, geographical expansions, integration with WebRTC, and developing customized solutions for SMEs to sustain in this competitive market. For instance, 3CX has increased its customer base across high-potential markets. In July 2016, the company expanded its reach in Denmark by partnering with ALLNET Nordic, a Denmark-based distributor. One of the key factors driving the SIP trunking services market in North America, Europe, and Asia Pacific is the large-scale migration of telecom companies to Internet Protocol (IP)-based networks. “Several established players are taking initiatives to shift their customers to IP networ...