Middle East and Africa Wholesale Voice Carrier Market
Published On: Jan 2022
Published On: Jan 2022
According to a new market research study on “Middle East & Africa 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$ 2,667.37 million by 2028 from US$ 1,979.67 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. Growing adoption of smartphones and VoIP devices is the major factor driving the growth of the Middle East & Africa wholesale voice carrier market. However, advent of data communication over voice may hinder the growth of Middle East & Africa wholesale voice carrier market. The report provides trends prevailing in the Middle East & Africa wholesale voice carrier market along with the drivers and restraints pertaining to the market growth.
South Africa has the largest number of COVID-19 cases in the Middle East & Africa, followed by Saudi Arabia and the UAE. The Middle East & Africa region is majorly focused on the oil & gas industry, as the industry had declined growth it affected the international operation. Governments have taken initiatives to promote other businesses to support the economy, helping the market grow. To support the businesses in pandemic government also provided support in many countries for VoIP services. For instance, in March 2020, UAE & Oman lifted the ban on internet calling (VoIP) apps such as Zoom and Skype, which was imposed before lockdown. Further, during the ongoing COVID-19 pandemic, the wholesale voice carrier services have gained traction since subscribers are making long-duration calls frequently. There has been an increase in the duration of voice call sessions during the lockdown phase. This has driven the adoption of wholesale voice carrier services as telecom companies ensure the proper handling of the unprecedented amount of call traffic.
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa wholesale voice carrier market. On the basis of technology, the market is segmented into VoIP and traditional switching. The traditional switching segment accounts for largest market share in the 2020. Similarly, based on country, the market is bifurcated into Saudi Arabia, UAE, South Africa, and rest of Middle East & Africa. The rest of Middle East & Africa contributed a substantial share in 2020.
AT&T Inc.; BICS; BT Group; DEUTSCHE TELEKOM AG; Lumen Technologies; ORANGE S.A.; and Tata communication; are among the leading companies in the Middle East & Africa 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 2020, Orange SA expanded its service in Africa by deploying two new Point of Presence (PoP) in Accra, Ghana.
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