PUNE, India, March 24, 2017 /PRNewswire-iReach/ -- The session initiation protocol trunking market report, an analyst said: "The latest trend gaining momentum in the market is convergence of VoIP and UC. The SIP emerged as the protocol within the VoIP market, particularly within IP-PBX solutions. SIP is a signaling protocol for Internet conferencing, presence, telephony, events notification, and instant messaging for UC systems. Some of the companies such as Nortel, Avaya, Siemens, and Microsoft (with Live Communication Server) are adopting SIP as a standard for their VoIP solutions.
Complete report on global session initiation protocol trunking market spread across 70 pages, analyzing 4 major companies and providing 26 data exhibits is now available at http://www.reportsnreports.com/reports/929192-global-session-initiation-protocol-trunking-market-2017-2021.html.
The analysts forecast global session initiation protocol trunking market to grow at a CAGR of 18.23% during the period 2017-2021. Session Initiation Protocol (SIP) trunking is an Internet-based service that permits Voice over Internet Protocol (VoIP) users to stay connected in local and long-distance calls to and from endpoints in the traditional phone network. The report segments the market revenue based on end-users (SMEs and large enterprises) and deployment of services (on-premise and hosted SIP trunking). The report also provides the revenue segmentation based on regions. In addition, the revenue from the types of number of locations is taken into account.
According to the report, one of the major drivers for this market is rising adoption of cloud-based solutions. The increasing adoption of cloud-based solutions has been significantly affecting many business operations. The demand for hardware and software that facilitate UC is high, which contributes to a significant market share of SIP trunking.
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Key players in the global session initiation protocol trunking market: AT&T, CenturyLink, Verizon, and XO Communications. Other Prominent Vendors in the market are: 2600Hz, 3CX, 8x8, Comcast, Cox Communication, Digium, FairPoint Communications, Flowroute, Fusion, IntelePeer, KPN International, Level 3, MegaPath, Nextiva, NTT Communications, Sangoma, ShoreTel, Sprint, Star2Star, Twilio, West IP Communications, Windstream, and Zayo.
Further, the report states that one of the major factors hindering the growth of this market is network security issues. Cloud-based systems are vulnerable to viruses, hackers, and data crashing. Issues such as unauthorized access, interruption-of-service, eavesdropping, registration and media manipulation, and spam over internet telephony (SPIT) create challenges related to authenticity, integrity, and confidentiality.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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