North America Wholesale Voice Carrier Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service (Voice Termination, Interconnect Billing, and Fraud Management), Transmission Network (Owned Network and Leased Network), and Technology (VoIP and Traditional Switching)
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Wholesale Voice Carrier Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Wholesale Voice Carrier Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Penetration of VoIP Call Services
5.1.2 Increasing Focus Towards the Low-price Solution Offering
5.1.3 Growing Adoption of Smartphones and VoIP Devices
5.2 Market Restraints
5.2.1 Increasing Cases of Fraudulent Voice Traffic
5.2.2 Advent of Data Communication Over Voice
5.3 Market Opportunities
5.3.1 Rising Development in Network Services
5.3.2 Growing Demand in Emerging Markets
5.4 Future Trends
5.4.1 Restructuring of the Service Models
5.5 Impact Analysis of Drivers and Restraints
6. Wholesale Voice Carrier – North America Market Analysis
6.1 North America Wholesale Voice Carrier Market Overview
6.2 North America Wholesale Voice Carrier Market – Revenue, and Forecast to 2028 (US$ Million)
7. North America Wholesale Voice Carrier Market Analysis – By Service
7.1 Overview
7.2 North America Wholesale Voice Carrier Market, By Service (2020 and 2028)
7.3 Voice Termination
7.3.1 Overview
7.3.2 Voice Termination: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Interconnect Billing
7.4.1 Overview
7.4.2 Interconnect Billing: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Fraud Management
7.5.1 Overview
7.5.2 Fraud Management: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Wholesale Voice Carrier Market Analysis – By Transmission Network
8.1 Overview
8.2 North America Wholesale Voice Carrier Market, By Transmission Network (2020 and 2028)
8.3 Owned Network
8.3.1 Overview
8.3.2 Owned Network: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Leased Network
8.4.1 Overview
8.4.2 Leased Network: North America Wholesale Voice Carrier Market – Revenue, and Forecast to 2028 (US$ Million)
9. North America Wholesale Voice Carrier Market Analysis – By Technology
9.1 Overview
9.2 North America Wholesale Voice Carrier Market, By Technology (2020 and 2028)
9.3 VoIP
9.3.1 Overview
9.3.2 VoIP: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Traditional Switching
9.4.1 Overview
9.4.2 Traditional Switching: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Wholesale Voice Carrier Market – Country Analysis
10.1 North America: Wholesale Voice Carrier Market
10.1.1 North America: Wholesale Voice Carrier Market, by Key Country
10.1.1.1 US: Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Wholesale Voice Carrier Market, by Service
10.1.1.1.2 US: Wholesale Voice Carrier Market, by Transmission Network
10.1.1.1.3 US: Wholesale Voice Carrier Market, by Technology
10.1.1.2 Canada: Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Wholesale Voice Carrier Market, by Service
10.1.1.2.2 Canada: Wholesale Voice Carrier Market, by Transmission Network
10.1.1.2.3 Canada: Wholesale Voice Carrier Market, by Technology
10.1.1.3 Mexico: Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Wholesale Voice Carrier Market, by Service
10.1.1.3.2 Mexico: Wholesale Voice Carrier Market, by Transmission Network
10.1.1.3.3 Mexico: Wholesale Voice Carrier Market, by Technology
11. Impact of COVID-19 Pandemic on North America Wholesale Voice Carrier Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Launch/Development
13. Company Profiles
13.1 AT&T Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 BT Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 DEUTSCHE TELEKOM AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 IDT Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Tata communication
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 TELEFÓNICA S.A.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Lumen Technologies
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 VERIZON COMMUNICATIONS, INC.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 ORANGE S.A.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 BICS
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Wholesale Voice Carrier Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: Wholesale Voice Carrier Market, by Service–Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Wholesale Voice Carrier Market, by Transmission Network–Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Wholesale Voice Carrier Market, by Technology–Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Wholesale Voice Carrier Market, by Service–Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Wholesale Voice Carrier Market, by Transmission Network–Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Wholesale Voice Carrier Market, by Technology–Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Wholesale Voice Carrier Market, by Service–Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Wholesale Voice Carrier Market, by Transmission Network–Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Wholesale Voice Carrier Market, by Technology–Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Wholesale Voice Carrier Market Segmentation
Figure 2. North America Wholesale Voice Carrier Market Segmentation – By Country
Figure 3. North America Wholesale Voice Carrier Market Overview
Figure 4. North America Wholesale Voice Carrier Market – Service Analysis
Figure 5. North America Wholesale Voice Carrier Market – Transmission Network Analysis
Figure 6. North America Wholesale Voice Carrier Market – Technology Analysis
Figure 7. North America Wholesale Voice Carrier Market – Country Analysis
Figure 8. North America: PEST Analysis
Figure 9. North America Wholesale Voice Carrier Market – Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. North America Wholesale Voice Carrier Market Impact Analysis of Drivers And Restraints
Figure 12. North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Wholesale Voice Carrier Market Revenue Share, by Service (2020 and 2028)
Figure 14. Voice Termination: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Interconnect Billing: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Fraud Management: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Wholesale Voice Carrier Market Revenue Share, by Transmission Network (2020 and 2028)
Figure 18. Owned Network: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Leased Network: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Wholesale Voice Carrier Market Revenue Share, by Technology (2020 and 2028)
Figure 21. VoIP: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Traditional Switching: North America Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America: Wholesale Voice Carrier Market, by Key Country – Revenue (2020) (US$ Million)
Figure 24. North America: Wholesale Voice Carrier Market Revenue Share, by Key Country (2020 and 2028)
Figure 25. US: Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: Wholesale Voice Carrier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in North American Country Markets
- AT&T Inc.
- BICS
- BT Group
- DEUTSCHE TELEKOM AG
- IDT Corporation
- Lumen Technologies
- ORANGE S.A.
- TELEFÓNICA S.A.
- Tata communication
- VERIZON COMMUNICATIONS, INC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America wholesale voice carrier market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America wholesale voice carrier market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the wholesale voice carrier market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution