International Wholesale Voice Carrier Market size to value $120 Bn by 2032

International Wholesale Voice Carrier Market size is anticipated to exceed USD 120 billion by 2032, according to a new research report by Global Market Insights Inc.
 

There has been a sudden reduction in the level of MTRs (Mobile Termination Rates) for the interconnection of calls between mobile operators to achieve lower prices and high mobile service usage. Mobile subscribers across developed economies consume high levels of minutes compared to those residing in developing economies, creating a high demand for wholesale voice carrier services.
 

Increase in voice traffic fraud to foster product deployment for fraud management

The fraud management service segment is estimated to hold over 13% of the international wholesale voice carrier market share by 2032. Some of the main voice traffic frauds include the usage of CLI (Calling Line Identification) manipulation and grey routes to Wangiri and International Revenue Share Frauds (IRSF). The rising number of voice traffic frauds along with surging instances of cyber threats has increased the importance of fraud management systems, thereby augmenting the market growth.
 

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Investments from telecom operators to increase usage of owned wholesale voice carrier services

The owned transmission network segment is set to register a 13% CAGR from 2023 to 2032. This can be credited to the rising investments from major telecom operators to enhance their infrastructure. For instance, in September 2021, Bharti Airtel chose Tejas Network to expand its optical network capability. Tejas assisted the company through the supply and deployment of its optical transmission product, extending the Airtel optical network for business-to-business services, 5G support, and broadband applications. Developments such as these are expected to encourage telecom operators to use owned wholesale voice carrier services to strengthen their network backbone.
 

Browse key industry insights spread across 200 pages with 244 market data tables and 44 figures & charts from the report, “International Wholesale Voice Carrier Market Size By Service (Voice Termination, Interconnect Billing, Fraud Management), By Transmission Network (Owned Network, Leased Network), By Technology (VoIP, Traditional Switching), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/wholesale-voice-carrier-market
 

Adoption of international business calling services to promote use of traditional switching

The traditional switching technology segment accounted for more than 65% of the international wholesale voice carrier industry share in 2022. Traditional switching or circuit switching involved the implementation of a telecommunications network where two network nodes establish a dedicated communications channel (circuit) through the network before the nodes may communicate. With the adoption of international business calling services and the spending power of consumers growing rapidly, the demand for traditional switching services is predicted to rise considerably.
 

High usage of VoIP devices to influence North America market dynamics

Geographically, the North America international wholesale voice carrier market is projected to depict nearly 15% growth rate between 2023 and 2032. This growth can be attributed to the rising penetration of smartphones and the internet. Additionally, there has been an increase in the usage of VoIP devices in the region. Top technology leader such as Google, Cisco Systems, and Microsoft Corporation are unveiling VoIP and cloud-based devices for voice communication.
 

Strategic partnerships and collaborations to outline the competitive landscape

Alepo, AT & T, Inc., BCE Nexxia Corporation, Bharti Airtel Ltd., China Telecommunications Corporation, Deutsche Telekom AG, Emirates Telecommunication Group Company PJSC (Etisalat), Globitel, IDT Corporation, NTT Corporation, Orange SA, and Singapore Telecommunications Limited are some of the major companies operating in the international wholesale voice carrier market. These participants are focusing on establishing key partnerships to reinforce their market position.