North America Wholesale Voice Carrier Market Share by Size and Growth 2028

The wholesale voice carrier market in North America is expected to grow from US$ 3,781.95 million in 2021 to US$ 5,239.47 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

A few years ago, the pricing structure of wholesale voice carrier had fixed charging rate per call and varied among providers. The new regulation increased competition among the new market players, and pricing structure witnessed positive change favoring the customers. Traditional telephone services are governed by the regulation that created complete or near monopoly on the market. Charges are decided by the firms based on their revenue and pursuit of dominance in local market, resulting VoIP to be 40–80% cheaper than traditional service as they are based on internet connectivity. In addition, traditional telephone calls are expected to travel greater distance and need open circuit while the call is processing; on the other hand, VoIP requires only the presence of strong internet connection. According to the survey conducted for over 1,000 small businesses by the Telzio, Inc., a VoIP service provider company, a VoIP service can help companies reduce telecommunication cost by almost 50%. In addition, the setup cost is negligible, while an on-premise phone system can cost nearly US$ 20,000. Therefore, benefits such as lower overheads requirement, elimination of call waiting and voicemail expenses, and slashed relocation cost are supporting the growth of the North America wholesale voice carrier market.

The North American market suffered a massive loss in the first half of 2020, owing to a high number of COVID-19 cases, specifically in the US. Post-lockdown, the market witnessed an increase in demand for digital services. North America is among the eminent regions in adopting VoIP services due to favorable infrastructure support for high-speed internet services. Strong adoption of internet services among the region for the digital transformation of businesses supported the market growth for post lockdown adoption. The pandemic halted the market growth for some period, but it rose at a stronger rate with innovative solutions. Owing to the COVID-19 pandemic, a vast number of individuals are working from home and spending more time online. Subsequently, wholesale voice carrier services have increasingly gained traction amid the ongoing COVID-19 pandemic as subscribers make frequent long-duration calls. Nations such as the US, Canada, Mexico are rapidly building a robust VoIP landscape, which is anticipated to further increase with the growing trends of work from home and remote working options.

North America Wholesale Voice Carrier Market Revenue and Forecast to 2028 (US$ Million)

North America Wholesale Voice Carrier Market Segmentation

North America Wholesale Voice Carrier Market – By Services

Voice Termination
Interconnect Billing
Fraud Management

North America Wholesale Voice Carrier Market – By Transmission Network

Owned Network
Leased Network

North America Wholesale Voice Carrier Market – By Technology

VoIP
Traditional Switching

North America Wholesale Voice Carrier Market– By Country

US
Canada
Mexico

North America Wholesale Voice Carrier Market-Companies Mentioned

AT&T Inc.
BICS
BT Group
DEUTSCHE TELEKOM AG
IDT Corporation
Lumen Technologies
ORANGE S.A.
TELEFÓNICA S.A.
Tata communication
VERIZON COMMUNICATIONS, INC

North America Wholesale Voice Carrier Market Strategic Insights

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North America Wholesale Voice Carrier Market Segmentation Analysis

North America Wholesale Voice Carrier Market Report Highlights

North America Wholesale Voice Carrier Report Scope

Report Attribute	Details
Market size in 2021	US$ 3,781.95 Million
Market Size by 2028	US$ 5,239.47 Million
CAGR (2021 - 2028)	4.8%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Service Voice Termination Interconnect Billing Fraud Management By Transmission Network Owned Network Leased Network By Technology VoIP Traditional Switching
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	AT&T Inc. BICS BT Group DEUTSCHE TELEKOM AG IDT Corporation Lumen Technologies ORANGE S.A. TELEFÓNICA S.A. Tata communication VERIZON COMMUNICATIONS, INC