PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535753
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535753
The international wholesale voice carrier market is reckoned to showcase 13% CAGR during 2024 to 2032, propelled by the rising global appetite for Voice over Internet Protocol (VoIP) services. Businesses and individuals, in pursuit of cost-effective and efficient communication, are increasingly turning to VoIP, diminishing their reliance on traditional telephony. This shift is bolstered by improved broadband infrastructure, which is extending high-speed internet access globally.
The market is also buoyed by the escalating pace of international business activities and globalization. As companies expand into new territories, the need for reliable international voice communication is evident. Wholesale voice carriers are responding by ramping up investments in cutting-edge communication technologies and infrastructure. The rising ubiquity of mobile devices and the popularity of unified communication platforms are further amplifying the need for robust international voice services. For instance, Microsoft Teams, a unified communication platform, saw a 50% increase in daily active users in 2023 (Microsoft). The technological advancements and an evolving global communication landscape will bolster the market growth in the coming years.
The international wholesale voice carrier industry is divided based on service, transmission network, technology, pricing model, and region.
The VoIP technology segment share is set to witness enhancing growth through 2032, as it enhances the efficiency and scalability of voice communication services. As VoIP technology continues to advance, it provides a more cost-effective and flexible alternative to traditional telephony systems. The increased adoption of VoIP allows for the integration of additional features such as video conferencing and unified communications. As businesses and consumers increasingly favor VoIP solutions for their communication needs, the segment value will rise.
The fraud management services segment will record a notable demand over the study period, due to the rising incidence of fraudulent activities that threaten the security and financial stability of voice networks. With the expansion of global communication networks and the complexity of international routing, there is a heightened risk of fraud schemes such as traffic pumping, SIM box fraud, and toll bypass. These can lead to substantial financial losses and disrupt service quality. As voice carriers handle large volumes of international traffic and seek to protect their revenue streams, they are increasingly investing in advanced fraud management solutions.
North American international wholesale voice carrier market size will expand at a significant pace through 2032, driven by the robust technological infrastructure, which supports advanced communication technologies and high-speed internet access. The increasing demand for international voice services from businesses, coupled with the region's strategic importance as a major hub for international trade and business, fuels the need for reliable wholesale voice carriers. Additionally, North America's leading position in innovation and early adoption of new technologies, such as VoIP and unified communications, further propels market growth.