SIP Trunking Service Revenue Grows 143% in 2010

The VoIP services market reached $49.8 billion in 2010, compared to $34.8 billion in 2008. While the residential services segment remains the largest of the market at 69 percent of total revenue, business VoIP services are growing at faster rates.

SIP trunking had a breakout year with 143 percent revenue growth in 2010,” notes Diane Myers, directing analyst for VoIP and IMS at Infonetics Research.

Infonetics Research forecasts the combined business and residential and small office/home office VoIP services market to grow to $74.5 billion in 2015.

Managed IP PBX business VoIP service revenue is expected to more than double from 2010 to 2015.

The fastest growing segments of the VoIP services market are SIP trunking and hosted UC telephony. Based on healthy demand for cloud-based services, the number of seats for IP Centrex and hosted UC services grew 20 percent in 2010, says Infonetics.

Infonetics Research - VoIP services market nears $50 billion mark; breakout year for SIP trunking