Press Release: August 26, 2020
For over a decade now, the wholesale carrier business model has focused on offering a set of generalized services and products to connect customers with each other. However, this business model will no longer suffice with the drastic growth in next-gen network services. The rise of over-the-top (OTT) services such as WhatsApp, Skype, Facebook Messenger and the likes, as well as cloud and digital services, and expansion of Long Term Evolution (LTE) networks have generated a significant disruption in the conventional business providing wholesale VoIP carrier services. Based on a recent industry report, the global OTT market size is projected to reach $332.52 billion by 2025, growing at a CAGR of 16.7% from 2018 to 2025.
Furthermore, global wholesale carriers are finding several ways to grow revenue margins, and traffic as growth drivers in the telecom industry. To succeed in the market, wholesale VoIP providers need to take an intelligent approach, build new business models and service portfolio, and emphasize on differentiating their offerings to attract and retain customers in this digital era.