September 09, 2021
According to the recent research report titled ‘North America Wholesale Voice Carrier Market Forecast 2026 By Transmission Network, By Service, By Technology, Research Report, Regional Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, North America wholesale voice carrier market valuation is projected to surpass USD 8 billion mark by the year 2026.
Rapid commercialization of 5G technology is primarily driving North America wholesale voice carrier market growth.
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Notably, the 5G technology has helped service providers diversify their portfolio and increase their market share. Several mobile operators are increasing their expenditure on futuristic 5G networks in order to meet the growing demand for high-quality connectivity among users, while also expanding the range of their mobile data offerings. Aforementioned factors are stimulating the industry outlook.
Based on service type, voice termination segment held 70% of overall market share in 2019 and is expected to expand through 2027, creditable to inclination of service providers towards cost-effective wholesale voice carriers. Due to preference for high-quality phone calling among consumers, voice termination services are outperforming traditional voice and data solutions, further adding to the segmental share.
As per transmission network, North America wholesale voice carrier market share from leased network segment is slated to record 10% CAGR over 2021-2026, owing to mounting demand from service providers. The providers prefer to lease a portion of the overall infrastructure to set up their own voice carrier facilities in developing markets, which significantly contributes to the growth of the segment.
With respect to technology gamut, VoIP (Voice over Internet Protocol) segment accounted for 40% industry share in 2019. The growth can be ascribed to the numerous advantages that these services provide to customers, such as reduced cost of long-distance domestic calls and international calls.
Regionally, Canada industry is projected to exhibit a considerable CAGR over the next five years, due to surging demand for voice carrier services in the country. Various measures are incorporated to limit the number of fraudulent calls made across networks, ensuring strong protection against scammers. Also, local telecom service providers are entering into partnerships to deliver these high-speed services to their clients. For instance, Telus Corporation and Huawei partnered in February 2020 to deliver 5G network services in Canada.
Prominent firms operating in North America wholesale voice carrier market sphere are Vodafone Group plc, Verizon Communications Inc., Tata Communications Ltd., Orange S.A., Nippon Telegraph and Telephone Corporation, IDT Corporation, Deutsche Telekom AG, CenturyLink Inc., BT Group plc, BCE Inc., AT&T Inc., and Alepo Technologies Inc..