NewswireToday - /newswire/ -
Mountain View, CA, United States, 2015/03/31 - Customers find value in integrated cloud-based and on-premise enterprise communications solutions, finds Frost & Sullivan - Conferencing.Frost.com.
Voice over Internet protocol (VoIP) access and session initiation protocol (SIP) trunking services continue their rise as the de-facto communications tool linking business premises and service provider networks in North America. In fact, VoIP access and SIP trunking services are well on their way to eclipsing legacy digital telecommunications, owing to their advanced capabilities and typically lower costs.
New analysis from Frost & Sullivan, Analysis of the North American VoIP Access and SIP Trunking Services Market, finds that the market earned revenues of $3.22 billion in 2014 and estimates this to reach $10.29 billion by 2020.
For complimentary access to more information on this research, please visit: bit.ly/190rZYO
“Modern unified communication platforms natively support SIP trunking as the default interface,” said Frost & Sullivan Unified Communications & Collaboration Industry Analyst Michael Brandenburg. “For businesses migrating to these new platforms, VoIP and SIP trunking services are, therefore, an obvious choice.”
Today’s enterprise communications solutions are not a single service or product; instead they are a menu of integrated platforms and services that give businesses maximum flexibility. Even within each service, a compelling set of value-added features is needed to match the unique needs of each customer.
Hence, hybrid-cloud deployment models, which feature a mix of on-premise and cloud-based platforms tailored to consumer requirements, are making their way into the North American VoIP access and SIP trunking spectrum. However, competition from other cloud-based services such as hosted unified communications limits adoption. The time taken to deploy SIP trunking services also poses a challenge to large-scale growth.
“Simple, optimized deployments will be the stepping stone to faster migration,” observed Brandenburg. “As service providers find the right balance between price and performance, product differentiation will be the key to thwart commoditization and open the doors to success in the North American market.”
Analysis of the North American VoIP Access and SIP Trunking Services Market is part of the Conferencing & Collaboration (conferencing.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Regional Growth Opportunities for Session Initiation Protocol (SIP) Phones and North American Hosted IP (Internet Protocol) Telephony and Unified Communications and Collaboration (UCC) Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on “the next big thing" | Register: Gain access to visionary innovation
Analysis of the North American VoIP Access and SIP Trunking Services Market / NE15-64