SIP trunking is a technology that allows businesses to connect their phone systems to the public switched telephone network (PSTN) using an Internet connection instead of traditional phone lines. This can provide businesses with a number of benefits, including cost savings, increased flexibility, and improved call quality.
SIP trunking is a relatively new technology, but it has quickly become popular among businesses of all sizes. According to a recent study by Frost & Sullivan, the global SIP trunking market is expected to grow from $4.5 billion in 2019 to $12.2 billion by 2024. This growth is being driven by the increasing adoption of cloud-based PBX systems and the growing demand for unified communications solutions.