The SIP trunking services market was valued at US$8.803 billion in 2018 and is anticipated to grow at a CAGR of 12.21% during the period 2018-2024. Market players are making huge investments into innovative work to speed up technological advancement. The simplicity of Integration of SIP trunking services, offered by different sellers, with PBX frameworks is filling the adoption of these services by the end-users which is adding to the development of the sip trunking services market.