International Wholesale Voice Carrier Market Analysis

International Wholesale Voice Carrier Market Analysis

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.

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.
 

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.