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Middle East & Africa international wholesale voice carrier market accounted for nearly 19.4% of the overall industry revenue in 2020 and is anticipated to progress at a sturdy rate over 2021-2027. Additionally, proliferating subscriber count and rising international voice call termination across the Middle East countries are likely to drive product uptake in MEA over the assessment period.
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The international wholesale voice carrier market is projected to expand at a robust pace by 2027 on account of rising penetration of smartphones and voice over internet protocol (VoIP) devices around the world.
A wholesale voice service is a large capacity phone service that consists of one or more large voice circuits. Businesses in the telecom industry utilize wholesale voice to provide local, long-distance, DID, toll-free, or international voice services and other applications, such as video conferencing, fax, and dial-up.
The international wholesale voice carrier market has been divided on the basis of technology, service, transmission network, and region. From the regional point of view, the Latin America international wholesale voice carrier market is expected to see considerable growth at a CAGR of around 12.4% over the projected period. Prominent expansion of the LTE infrastructure and the rise of affordable VoIP services across LATAM are set to bolster market growth in the region.
Project Kuiper aims to expand worldwide broadband connectivity by deploying a constellation of 3,236 satellites in low Earth orbit (LEO) around the globe. The system would serve individual houses, schools, hospitals, businesses, and other institutions operating in areas where internet connectivity is limited or unavailable.
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Notably, industry players are implementing various strategic initiatives to monetize emerging trends in the sector, thereby enhancing the overall market scenario. For instance, in October 2021, Verizon Communications, Inc., a major telecommunications company, announced a strategic collaboration with Amazon.com Inc.'s Project Kuiper, a low Earth orbit (LEO) satellite network, to develop connectivity solutions and increase global broadband access.
Similarly, in October 2021, Lumen Technologies, a prominent telecommunications enterprise, and Cisco Systems, expanded their partnership by including a novel product offering, dubbed Lumen Solutions for Cisco Unified Communications Manager Cloud, to enhance their existing unified communications and collaboration (UC&C) tools. The product has been developed by combining Lumen's global fiber network with Cisco's advanced cloud-based collaboration services.
To cite another instance, in October 2021, Tata Communications, an India-based telecommunications company, extended its strategic partnership with Cisco Systems, a leading networking hardware company. The new deal between Tata Communications and Cisco Systems enables end-to-end network administration through a single pane of glass, providing increased mobility and centralized control of an enterprise's IT ecosystem.
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