Report : Europe 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)
Leased Network Segment to Dominate Europe Wholesale Voice Carrier Market during 2019–2028
According to a new market research study on “Europe 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$ 11,685.60 million by 2028 from US$ 8,587.15 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Growing penetration of VoIP call services is the major factor driving the growth of the Europe wholesale voice carrier market. However, advent of data communication over voice may hinder the growth of Europe wholesale voice carrier market. The report provides trends prevailing in the Europe wholesale voice carrier market along with the drivers and restraints pertaining to the market growth.
The significant rise in COVID-19 cases has had a major impact on the European market in the first half of 2020. Countries such as Russia, France, Spain, and the UK had a significant count of cases daily, owing to which countries initiated lockdowns, which hampered the market growth. At the start of the second half, the market started to rise as work from home, and remote working became new normal for business operations. The adoption of high-speed internet in homes and businesses increased the opportunity for VoIP services. For instance, according to the Telefónica S.A. IP networks, mobile voice traffic increased by 50% in Spain.
The Europe 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 Europe 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 Europe 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 U.K., Germany, France, Italy, Russia, and rest of Europe. The rest of Europe contributed a substantial share in 2020.
AT&T Inc.; BICS; BT Group; DEUTSCHE TELEKOM AG; IDT Corporation; Lumen Technologies; ORANGE S.A.; TELEFÓNICA S.A.; Tata communication; and VERIZON COMMUNICATIONS, INC; are among the leading companies in the Europe 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 2019, Telefonica SA and CK Hutchison Holdings Limited collaborated to offers digital communications services to enterprise customers.
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