Global Market Size, Forecast, and Trend Highlights Over 2025-2037
International Wholesale Voice Carrier Market size was over USD 44.4 billion in 2024 and is poised to exceed USD 222.53 billion by 2037, growing at over 13.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of international wholesale voice carrier is evaluated at USD 49.09 billion.
Increasing internet penetration for voice communication has generated significant growth in this industry. With the growing demand for data services, the need for high-quality voice communication has inflated. This has further propelled the requirement for carrier services such as VoIP in emerging landscapes.
The shift towards IP-based networks has driven innovation in the market. These technologies offer affordability, scalability, and improved quality, propelling the demand for wholesale voice services. Many telecommunication companies are now taking the initiative to offer competitive pricing over operations. For instance, in July 2020, Tofane acquired NOS International Carrier Services to achieve more economic operations in growing its business globally. The acquisition accelerated the development of iBASIS’ carve-out model, providing faster international marketing with competitive and predictable pricing. In addition, this allows future-proofing network upgrades, and profitability while mitigating cost and risks.
