Voice Termination Segment to Dominate Asia Pacific Wholesale Voice Carrier Market during 2019–2028

According to a new market research study on “Asia Pacific Wholesale Voice Carrier Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Services, Transmission Network, and Technology,” is expected to reach US$ 10,224.90 million by 2028 from US$ 7,270.80 million in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. Growing demand in emerging markets is the major factor driving the growth of the Asia Pacific wholesale voice carrier market. However, growing cases of fraudulent voice traffic may hinder the growth of Asia Pacific wholesale voice carrier market. The report provides trends prevailing in the Asia Pacific wholesale voice carrier market along with the drivers and restraints pertaining to the market growth.

COVID-19 emerged in China and has affected several nearing countries such as South Korea and India. Countries such as China, India, South Korea, and Japan are increasingly moving toward new networking solutions such as 5G, 4G, and VoLTE. China and India are the biggest manufacturing hubs in the region, with an increasing focus on industrialization. However, lockdowns slowed the growth as businesses remained closed during the pandemic. The emergence of digital services to restart the business operation has created an excellent opportunity for the market. For instance, the use of voice calling apps such as Zoom has witnessed strong growth of more than 100% in 2020.

The Asia Pacific wholesale voice carrier market segmented by service, transmission network, technology, and country. Based on service, the market is segmented into voice termination, interconnect billing and fraud management. In 2020, the voice termination segment held the largest share Asia Pacific wholesale voice carrier market. Based on transmission network the wholesale voice carrier market is divided into leased network and owned network. In 2020, the leased network segment held the largest share Asia Pacific wholesale voice carrier market. On the basis of technology, the market is segmented into VoIP and traditional switching. The VoIP segment accounts for largest market share in the 2020. Similarly, based on country, the market is bifurcated into China, Japan, India, Australia, South Korea, and rest of Asia Pacific. China contributed a substantial share in 2020. 

AT&T Inc.; BICS; BT Group; DEUTSCHE TELEKOM AG; IDT Corporation; Lumen Technologies; ORANGE S.A.; Tata communication; and VERIZON COMMUNICATIONS, INC; are among the leading companies in the Asia Pacific Wholesale Voice Carrier Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Verizon’s initiative to combat robocalls has helped the industry to a great extent, with over 78 million customers protected from more than 13 billion unwanted calls till date.

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