International Wholesale Voice Carrier Global Market Report 2024

The international wholesale voice carrier market size has grown rapidly in recent years. It will grow from $41.53 billion in 2023 to $48.31 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The expansion observed in the historical period can be attributed to several factors, including the global demand for telecommunications services, market liberalization and deregulation initiatives, interconnection agreements facilitating communication between different networks, changes in market dynamics, and the evolving global business landscape. These elements collectively contributed to the growth during that timeframe.

The international wholesale voice carrier market size is expected to see rapid growth in the next few years. It will grow to $87.47 billion in 2028 at a compound annual growth rate (CAGR) of 16%. The anticipated growth in the forecast period can be attributed to the rollout and adoption of 5G networks, an increase in data consumption, growing security concerns, the incorporation of artificial intelligence and automation in voice services, and an elevated demand for international voice services. Key trends expected in the forecast period include the emergence of technologies such as voice-over-internet protocol (VoIP), greater integration with the Internet of Things (IoT), optimization through edge computing, and an emphasis on enhanced quality of service (QoS).

The increasing prevalence of remote work is poised to drive the growth of the international wholesale voice carrier market in the coming years. Remote work, characterized by employees performing their job duties from locations outside the traditional office environment, has gained prominence due to the enhanced flexibility it provides. This trend allows employees to create personalized work environments, reducing transportation stress, and improving overall work-life balance. International wholesale voice carriers play a crucial role in ensuring seamless communication infrastructure across borders by offering reliable voice transmission services. A Gallup survey conducted in June 2022 found that 8 out of 10 people were working in a hybrid or remote capacity. The percentage of hybrid work increased from 42% in February to 49% in June 2022, with predictions indicating further expansion to 55% of remote-capable workers by the end of that year. Thus, the increasing trend of remote work is a key driver for the growth of the international wholesale voice carrier market.

Leading companies in the international wholesale voice carrier market are intensifying their focus on developing advanced solutions to gain a competitive advantage. One notable advancement is the development of powerful digital voice and broadband solutions. These solutions encompass telecommunications services that provide high-quality voice communication and internet connectivity using digital technologies, ensuring fast and reliable data transmission for both residential and business users. For example, in September 2021, BT Wholesale Limited, a UK-based telecommunications company, introduced powerful digital voice and broadband solutions tailored for small business customers through its channel partners. This technology aimed to provide small businesses with access to digital phone lines and ultrafast full-fiber broadband speeds to support their digital transformation needs.

In March 2023, Xicomm, a US-based telecommunications company, collaborated with Odine Solutions to enhance voice services and promote sustainability. The collaboration involves leveraging the Odine cloud nebula solution to enhance international voice services growth plans and contribute to sustainability initiatives. Odine Solutions, based in Turkey, specializes in providing international wholesale voice carrier services. This collaboration signifies a strategic move to drive voice services growth while aligning with sustainability goals.

Major companies operating in the international wholesale voice carrier market are Verizon Communications Inc, China Mobile International Limited, Deutsche Telekom AG Corporation, AT&T Corporation, NTT Group, T-Mobile US Inc., China Telecom Corporation Limited, Vodafone Group Plc, Emirates Telecommunication Group Company, KDDI Corporation, Orange SA, Telefonica SA, BT Group plc, BCE Nexxia Corporation, Lumen Technologies Inc., Bharti Airtel Limited, Telstra Corporation Ltd, Singapore Telecommunications Limited, Telenor ASA, Philippine Long Distance Telephone Company, Tata Communications Limited, CITIC Telekom International Holdings Limited, Alepo Technologies Inc., Colt Technology Services.

Europe was the largest region in the international wholesale voice carrier market in 2023. The regions covered in the international wholesale voice carrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the international wholesale voice carrier market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An international wholesale voice carrier is a company or service provider operating on a global scale, offering wholesale voice communication services. These carriers are primarily active in the telecommunications industry, facilitating the transmission and termination of voice calls between various telecommunications operators, carriers, or service providers worldwide.

The primary types of international wholesale voice carriers include voice termination, interconnect billing, and fraud management. Voice termination involves the routing and completion of telephone calls, ensuring connectivity and communication between different networks. The transmission networks utilized by these carriers can be owned or leased, and the technologies employed encompass voice over internet protocol (VoIP) and traditional switching methods.

The international wholesale voice carrier market research report is one of a series of new reports that provides international wholesale voice carrier market statistics, including international wholesale voice carrier industry global market size, regional shares, competitors with a international wholesale voice carrier market share, detailed international wholesale voice carrier market segments, market trends and opportunities, and any further data you may need to thrive in the international wholesale voice carrier industry. This international wholesale voice carrier market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The international wholesale voice carrier market includes revenues earned by entities by providing services such as voice origination services and related quality of service (QoS) management, routing optimization, number portability, billing, and settlement. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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