USD 30.7 billion
Wholesale Voice Carrier Market Size, Share, Growth Analysis, By Service(Voice Termination, Interconnect Billing, and Fraud Management), By Technology(VoIP, and Traditional Switching), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG50B2015 |
Region:
Global |
Published Date: March, 2024
Pages:
177
|Tables:
62
|Figures:
75
Wholesale Voice Carrier Market Insights
Wholesale Voice Carrier Market size was valued at USD 35.34 Billion in 2023 and is poised to grow from USD 40.68 Billion in 2024 to USD 125.29 Billion by 2032, growing at a CAGR of 15.1% during the forecast period (2025-2032).
The global Wholesale Voice Carrier market is a thriving and dynamic industry that plays a pivotal role in the telecommunications sector. As the demand for international voice communication continues to grow, Wholesale Voice Carriers act as intermediaries between telecommunication operators, facilitating the transmission of voice traffic across global networks. Wholesale Voice Carriers serve as key partners for telecom operators, providing them with cost-effective and reliable voice termination services. These carriers possess extensive network infrastructure and establish agreements with multiple operators worldwide, enabling them to offer competitive rates and high-quality voice services. The market is driven by several factors. Firstly, the increasing globalization and interconnectedness of businesses and individuals drive the demand for international voice communication. As companies expand their operations globally and people seek to stay connected with family and friends overseas, Wholesale Voice Carriers play a crucial role in enabling seamless communication. Additionally, the rise of voice over IP (VoIP) technology has revolutionized the market. VoIP allows voice traffic to be transmitted over data networks, resulting in significant cost savings and improved efficiency. Wholesale Voice Carriers leverage VoIP technology to offer scalable and flexible voice termination solutions to their customers. Furthermore, advancements in technology, such as the deployment of high-speed internet infrastructure and the adoption of cloud-based communication platforms, have further propelled the growth of the market. These developments have expanded the reach and capacity of voice services, creating opportunities for Wholesale Voice Carriers to cater to a broader customer base.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Voice Termination
Fastest Growth
Fraud Management
Growth Rate
15.1% CAGR
Global Wholesale Voice Carrier Market ($ Bn)
Country Share for North America Region (%)
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Wholesale Voice Carrier Market Segmental Analysis
Wholesale Voice Carrier Market is segmented by service, technology, and region. Based on service, the market can be segmented into voice termination, interconnect billing, and fraud management. Based on technology, the market is segmented into VoIP, and traditional switching. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Wholesale Voice Carrier Market Analysis by Type
By type, the market can be segmented into voice termination, interconnect billing, and fraud management. Voice Termination dominated the global Wholesale Voice Carrier market. It involves the termination of voice calls, whether domestic or international, between different carriers or networks. Voice Termination services cater to various end-users such as mobile network operators, fixed-line operators, and over-the-top (OTT) service providers. With the increasing demand for reliable and cost-effective voice termination services, this segment dominates the market due to its wide applicability and essential role in facilitating communication across networks.
Fraud Management is an emerging and rapidly growing segment in the global Wholesale Voice Carrier market. It focuses on preventing and mitigating fraudulent activities associated with voice traffic. Fraud in the wholesale voice carrier industry can include various fraudulent practices like SIM boxing, call pumping, and bypass fraud. Fraud Management systems employ advanced analytics, machine learning, and real-time monitoring to detect and prevent such fraudulent activities, safeguarding the revenues and reputations of wholesale voice carriers. As the industry faces increasing challenges related to fraud, this segment is witnessing significant growth and is expected to continue expanding in the coming years.
Wholesale Voice Carrier Market Analysis by End-user
By end-user, the market can be segmented into VOIP and traditional switching. The VoIP segment represents the voice communication services provided over the internet using packet-switching technology. VoIP is dominating segment in recent years due to its cost-effectiveness, scalability, and flexibility. It enables voice calls to be transmitted as data packets over IP networks, eliminating the need for traditional circuit-switched infrastructure. VoIP services cater to a wide range of end-users, including businesses, call centers, residential users, and mobile app-based voice services. The VoIP segment is dominating the market due to the increasing adoption of IP-based communication solutions and the growing preference for flexible and feature-rich voice services.
The Traditional Switching segment refers to voice communication services based on time-division multiplexing (TDM) technology. This includes the use of circuit-switched networks, such as traditional telephony infrastructure, to transmit voice signals. While the adoption of TDM-based voice services has declined with the emergence of VoIP, it still plays a significant role, particularly in regions or industries with legacy infrastructure and established customer bases. Traditional Switching caters to end-users such as traditional telecom operators, government agencies, and enterprises that rely on legacy systems. Although the Traditional Switching segment's dominance has diminished, it continues to serve specific market segments where migration to IP-based solutions may be slower or less feasible.
Global Wholesale Voice Carrier Market Size By Type (%)
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Wholesale Voice Carrier Market Regional Insights
North America dominated the global wholesale voice carrier market. The region boasts a highly developed telecommunications infrastructure and is home to several major Wholesale Voice Carriers. The United States, in particular, holds a significant market share due to its advanced network capabilities and large customer base. The presence of major technology hubs and multinational corporations further fuels the demand for international voice communication services. Additionally, North America benefits from a robust regulatory framework that promotes healthy competition and innovation in the telecommunications sector. As a result, the region's Wholesale Voice Carrier market remains highly competitive and continues to experience steady growth.
On the other hand, the APAC region is witnessing rapid growth and is poised to become a dominant player in the Wholesale Voice Carrier market. Countries such as China, India, Japan, and Singapore are driving this growth due to their expanding economies, rising urbanization, and increasing demand for international voice services. The APAC region has a large population base and a thriving business environment, with numerous multinational corporations establishing their presence. This creates a significant need for Wholesale Voice Carriers to facilitate seamless global communication.
Global Wholesale Voice Carrier Market By Region
- Largest
- Fastest
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Wholesale Voice Carrier Market Dynamics
Wholesale Voice Carrier Market Drivers
Surge in The Utilization of Network-Based Voice Calling Services and Applications
- The international wholesale voice carriers market has experienced significant growth due to the rising utilization of network-based voice calling services and applications. These services, including Voice over IP (VoIP) and mobile applications, have garnered widespread popularity for their cost-effectiveness, convenience, and flexibility. Wholesale voice carriers play a pivotal role in facilitating voice traffic exchange between various networks, spanning traditional telephony and IP-based systems. As the demand for network-based voice calling services continues to surge, the necessity for reliable and efficient voice termination services offered by wholesale carriers has become paramount. Primarily, the proliferation of VoIP services has been a key driver for this market. VoIP enables voice communication over IP networks, circumventing traditional telephone networks, and offering cost-effective and feature-rich alternatives to conventional telephony. Wholesale voice providers facilitate the interconnection of VoIP service providers with domestic and international networks, ensuring seamless global communication.
- The growing adoption of VoIP services has driven substantial demand for wholesale voice carrier services to support VoIP traffic transmission across diverse networks. Additionally, the proliferation of mobile applications featuring voice calling functionality has further contributed to the market's expansion. These applications rely on network-based voice calling to enable voice communication over the Internet, with wholesale voice carriers playing a crucial role in connecting them to traditional telephony or IP-based networks.
- Through the provision of essential infrastructure and interconnection services, wholesale voice carriers empower these applications to offer voice-calling capabilities to users. The increasing reliance on mobile applications for voice calling has fueled the demand for wholesale voice carrier services. Moreover, network-based voice calling services and applications require dependable, high-quality voice termination services to ensure exceptional call quality and uninterrupted connectivity. Wholesale voice carriers specialize in efficiently routing voice traffic, optimizing call quality, and implementing redundancy measures to prevent service disruptions.
Wholesale Voice Carrier Market Restraints
Emergence of alternative communication technologies
- One significant restraint affecting the global Wholesale Voice Carrier market is the emergence of alternative communication technologies, such as messaging apps and video calling platforms. These technologies offer cost-effective or even free communication options, which can pose a threat to traditional voice services. As more users opt for these alternative methods, the demand for traditional voice communication may decline. Wholesale Voice Carriers need to adapt and innovate to stay competitive in an evolving market landscape, ensuring they provide value-added services to retain customers and mitigate the impact of these alternative technologies.
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Wholesale Voice Carrier Market Competitive Landscape
The global Wholesale Voice Carrier market is characterized by intense competition and a diverse range of players. Numerous regional and international companies operate in this market, offering a variety of voice termination services. These companies differentiate themselves through factors such as pricing, service quality, network coverage, and technological capabilities. To gain a competitive edge, players focus on expanding their network infrastructure, forming strategic partnerships, leveraging advanced technologies like VoIP, and providing customized solutions to meet the evolving needs of their customers.
Wholesale Voice Carrier Market Top Player’s Company Profiles
- BT Group (UK)
- NTT Communications (Japan)
- Orange S.A. (France)
- Vodafone Group (UK)
- China Telecom (China)
- Telefonica (Spain)
- Deutsche Telekom AG (Germany)
- SoftBank Group (Japan)
- Telecom Italia (Italy)
- Singtel (Singapore)
- Level 3 Communications (US)
- PLDT Inc. (Philippines)
- Telstra Corporation (Australia)
- Colt Technology Services (UK)
- PCCW Global (Hong Kong)
- KDDI Corporation (Japan)
- Telia Company (Sweden)
Wholesale Voice Carrier Market Recent Developments
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In January 2024, Minutes Network established a strategic partnership with Next Communications, Inc., a wholesale voice communications aggregator based in the USA.
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In February 2024, #5g—iBASIS, a prominent provider of communications solutions for operators and digital players globally, and KPN, the leading telecom company in the Netherlands, announced the renewal of their outsourcing agreement for Voice and Mobile services for an additional three years.
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In March 2024, iBASIS, a renowned provider of communications solutions for operators and digital players globally, and MEO, the leading Portuguese telecommunications operator under its Altice Wholesale Solutions business, extended their outsourcing agreement as the preferred partner for international Voice and Mobile services.
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In July 2022, Vonage, a cloud communications provider, acquired Over.ai, an AI-based voice and messaging automation platform, to enhance its programmable communications offerings.
Wholesale Voice Carrier Key Market Trends
- One key market trend in the global Wholesale Voice Carrier industry is the increasing adoption of cloud-based communication platforms. Wholesale Voice Carriers are leveraging cloud technology to offer scalable and flexible voice termination solutions to their customers. Cloud-based platforms provide enhanced reliability, cost-effectiveness, and seamless integration with other communication services. This trend enables Wholesale Voice Carriers to deliver innovative solutions, streamline operations, and meet the evolving demands of businesses and individuals for efficient and secure voice communication services.
Wholesale Voice Carrier Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Wholesale Voice Carrier market analysis, the market is driven by factors such as the adoption of voice over IP (VoIP) technology, advancements in infrastructure, and the expanding reach of high-speed internet. While North America dominated the market, the Asia-Pacific region is emerging as a fast-growing market due to its expanding economies and increasing connectivity. However, Wholesale Voice Carriers also face challenges, including the emergence of alternative communication technologies. To remain competitive, players focus on network expansion, strategic partnerships, and providing value-added services.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 30.7 billion |
| Market size value in 2031 | USD 108.85 billion |
| Growth Rate | 15.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Wholesale Voice Carrier Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Wholesale Voice Carrier Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Wholesale Voice Carrier Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wholesale Voice Carrier Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wholesale Voice Carrier Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wholesale Voice Carrier Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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