Overview and Scope
An international wholesale voice carrier refers to a company or service provider that offers wholesale voice communication services on an international scale. These carriers typically operate within the telecommunications industry and engage in the transmission and termination of voice calls between different telecommunications operators, carriers, or service providers around the world.
Sizing and Forecast
The international wholesale voice carrier market size has grown rapidly in recent years. It will grow from $41.53 billion in 2023 to $48.31 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to global telecommunications demand, market liberalization and deregulation, interconnection agreements, change in market dynamics, and the global business landscape.
The international wholesale voice carrier market size is expected to see rapid growth in the next few years. It will grow to $87.47 billion in 2028 at a compound annual growth rate (CAGR) of 16%. The growth in the forecast period can be attributed to rollout and adoption of 5G networks, rising data consumption, increased security concerns, incorporation of artificial intelligence and automation in voice services, and increased demand for international voice services. Major trends in the forecast period include emerging technologies such as voice-over-internet protocol (VoIP), greater integration with IoT, edge computing optimization, and enhanced quality of service (QoS).
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Segmentation & Regional Insights
The international wholesale voice carrier market covered in this report is segmented –
1) By Service: Voice Termination, Interconnect Billing, Fraud Management
2) By Transmission Network: Owned Network, Leased Network
3) By Technology: Voice Over Internet Protocol, Traditional Switching
Europe was the largest region in the international wholesale voice carrier market in 2023. The regions covered in the international wholesale voice carrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising remote work is expected to propel the growth of the international wholesale voice carrier market going forward. Remote work refers to a work arrangement in which employees perform their job duties from a location outside of the traditional office environment. The increased flexibility in remote work has empowered employees to craft personalized work environments, alleviating transportation stress and enhancing work-life balance. International wholesale voice carriers ensure seamless communication infrastructure across borders by providing reliable voice transmission services. For instance, according to a Gallup survey in June 2022, found that 8 in 10 people are working hybrid or remote. Moreover, hybrid work increased in 2022 (from 42% in February to 49% in June), and it is predicted to expand further to 55% of remote-capable workers by the end of 2022. Therefore, the rising remote work trend is driving the growth of the international wholesale voice carrier market.
Key Industry Players
Major companies operating in the international wholesale voice carrier market are Verizon Communications Inc., China Mobile International Limited, Deutsche Telekom AG Corporation, AT&T Corporation, NTT Group, T-Mobile US Inc., China Telecom Corporation Limited, Vodafone Group Plc, Emirates Telecommunication Group Company, KDDI Corporation, Orange SA, Telefonica SA, BT Group plc, BCE Nexxia Corporation, Lumen Technologies Inc., Bharti Airtel Limited, Telstra Corporation Ltd., Singapore Telecommunications Limited, Telenor ASA, Philippine Long Distance Telephone Company, Tata Communications Limited, CITIC Telekom International Holdings Limited, Alepo Technologies Inc., Colt Technology Services
The international wholesale voice carrier market report table of contents includes:
1. Executive Summary
2. International Wholesale Voice Carrier Market Characteristics
3. International Wholesale Voice Carrier Market Trends And Strategies
4. International Wholesale Voice Carrier Market – Macro Economic Scenario
5. Global International Wholesale Voice Carrier Market Size and Growth
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32. Global International Wholesale Voice Carrier Market Competitive Benchmarking
33. Global International Wholesale Voice Carrier Market Competitive Dashboard
34. Key Mergers And Acquisitions In The International Wholesale Voice Carrier Market
35. International Wholesale Voice Carrier Market Future Outlook and Potential Analysis
36. Appendix
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