Home > Media & Technology > International Wholesale Voice Carrier Market
International Wholesale Voice Carrier Market size surpassed USD 30 billion in 2022 and is expected to grow at around 15% CAGR from 2023 to 2032. Wholesale voice carrier solutions such as hosted VoIP are emerging as preferable alternatives for businesses with seasoned demand changes that require scalable calling abilities. These systems allow hassle-free and cost-effective integration to consolidate social media, smartphones, chat, email, voicemail, and other communication channels used by an enterprise. Rapid scalability of hardware & software infrastructure will also impact the market share.
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It is anticipated that increasing wholesale voice fraud across the world may inhibit market expansion to a certain extent. These fraudulent activities erode a significant amount of revenue from every telecom operator. Close to two-thirds of all fraud losses, particularly voice fraud losses, are connected to international traffic. The burden of International Revenue Share Fraud (IRSF), in particular, is growing at a rapid rate. With increasing occurrences of voice fraud, the industry may witness a slump in growth.
Report Attribute | Details |
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Base Year: | 2022 |
International Wholesale Voice Carrier Market Size in 2022: | 30 Billion (USD) |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 10% |
2032 Value Projection: | 120 Billion (USD) |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 288 |
Segments covered: | Service, Transmission Network, Technology, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The international wholesale voice carrier market from the voice termination service segment is poised to depict gains of nearly 13% up to 2032. Telecom providers are increasingly shifting from conventional voice & data services to wholesale voice carrier services that are highly profitable. Growing demand for advanced tech-based services such as cloud communication, and IoT has also increased the deployment of wholesale voice-based services.
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The leased transmission network segment is projected to exhibit more than 15.5% growth rate through 2032. This can be attributed to the rising uptake of leased network infrastructure for VoIP call termination across various locations worldwide. Many telecom operators are leasing a part of the network from regional players to establish their voice termination facilities across upcoming markets.
International wholesale voice carrier market value from the VoIP technology worth around USD 11.5 billion in 2022. VoIP refers to the transmission of voice content and multimedia over Internet Protocol (IP) networks. This technology is a cost-effective option to conventional telephone networks such as Public Switched Telephone Networks (PSTN) for enterprises. Companies are also focusing on expanding their VoIP services by collaborating with telecom operators.
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Regionally speaking, the Asia Pacific international wholesale voice carrier industry is anticipated to register 12.5% growth rate between 2023 and 2032. This can be credited to the rapid growth of smartphones and increased penetration of 5G network services across the region. The increase in voice traffic and the adoption of mobile devices have fueled the adoption of wholesale voice carrier services in the region. Additionally, surging demand for voice termination and fraud management services will further complement the regional market revenue.
Some of the major players operating in the international wholesale voice carrier market include :
These participants are focusing on acquisitions as a preferred strategy to expand their business operations.
The COVID-19 pandemic resulted in the implementation of stringent lockdowns and social distancing norms, creating roadblocks for various industry sectors. However, the pandemic encouraged the adoption of a remote working model across industries, triggering a rise in demand for efficient voice carrier networks. With rising internet and calling traffic worldwide, telecom operators have increasingly used advanced wholesale voice carrier systems to ensure optimum communication during the outbreak. Also, with accelerated vaccination programs and the gradual resumption of outdoor activities, enterprises are implementing hybrid work models, which will further promote the usage of wholesale voice carriers for business communication applications.
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Market Outlook, By Service
Market Outlook, Transmission Network
Market Outlook, End-Use
The above information has been provided for the following regions and countries: