Wholesale Voice Carrier Market Business Prospectus with 11.2% of CAGR by 2027 – IDT Corporation, Tata Communication, TELEFÓNICA S.A., Lumen Technologies, VERIZON COMMUNICATIONS

According to the latest research report titled “Wholesale Voice Carrier Market Forecast to 2027 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 53.74 billion by 2027, registering a CAGR of 11.2% during 2020–2027.

According to the survey conducted for over 1,000 small businesses by the Telzio, Inc., a VoIP service provider company, a VoIP service can help companies reduce telecommunication cost by almost 50%. In addition, the setup cost is negligible, while an on-premise phone system can cost nearly US$ 20,000. Therefore, benefits, such as lower overheads requirement, elimination of call waiting and voicemail expenses, and slashed relocation cost, are supporting the growth of the wholesale voice carrier market.

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Increasing Focus on Low-Price Solutions to Drive Market Growth

A few years ago, the pricing structure of wholesale voice carrier had fixed charging rate per call and it varied among providers. The new regulation increased competition among the new market players, and pricing structure witnessed positive change favoring the customers. Traditional telephone services are governed by the regulation that created complete or near monopoly on the market. Charges are decided by the firms based on their revenue and pursuit of dominance in local market, resulting VoIP to be 40–80% cheaper than traditional service as they are based on internet connectivity. In addition, traditional telephone calls are expected to travel greater distance and need open circuit while the call is processing; on the other hand, VoIP requires only the presence of strong internet connection.

Owned network for the wholesale voice transmission is an affordable solution for the market players having strong financial capabilities. Setting up new infrastructure requires strong capital investment; however, it assures the quality of service and enhances the brand in global market. Technological developments and need for assuring quality services to gain customers’ trust is driving the market growth. The owned network transmission service helps increase the market footprint with increased brand recognition and customer base. Market players are preferring the owned network transmission segment to maintain quality standards and offer next generation voice calling service for the customers. For instance, in March 2016, MNF acquired TNZI to expand their footprint in New Zealand in order to cater customers with next-generation wholesale provider services.

Key Findings of Study:

• As per the Indian Brand Equity Foundation, India is the world’s second-largest telecommunications industry with a subscriber base of 1.61 billion. The mobile economy in India is increasing swiftly and would contribute substantially to the country’s gross domestic product. India had 687.62 million internet subscribers in 2019. Further, growth in mobile penetration and a decrease in voice termination services would create business opportunities for wholesale voice carrier providers in India.
• Growing uptake of leased network infrastructure for VoIP call termination in the US is further boosting the market growth during the forecast period. For instance, Voice Carrier USA LLC is a leading and fastest developing operator that has made significant contributions to voice over internet protocol wholesale and retail markets. Voice Carrier USA LLC offers the most excellent flexibility in global scale, platform intelligence, and wholesale-retail voice services to carriers, service providers, and business customers and managed solutions to achieve commercial efficiency and interconnection in the US.
• The VoIP technology plays a prominent role in the growth of the telecommunication sector resulting in the market to improve performance. VoIP is a new advancement offered for the wholesale voice carrier market, which enhanced the market growth by providing solutions at affordable prices. VoIP offers long distance calls at low or zilch cost and it is witnessing growth as fast as the traditional circuit-switched telephone traffic. VoIP voice system offers various benefits, such as mobility & flexibility, scalability, and lower costs, which drives the segment growth. Rising number of internet users in developed and developing nations along with increasing smartphone and laptop users is expected to boost the growth of the VoIP segment during the forecast period.

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