It’s estimated that the SIP trunking services marketing will reach roughly $39.10 billion by the year 2030. When you consider the state of the industry, this shouldn’t come as a surprise.
Many businesses still need telephone services to operate but have outgrown traditional legacy systems. The answer is SIP trunking. But exactly what is SIP trunking? And how much will the SIP trunk cost?
If you want to learn the answer to these questions, you’re in the right place. This guide will break down everything you need to know about this rising telecommunications service.
What Is SIP Trunking?
SIP is an acronym that stands for Session Initiation Protocol. This form of VoIP business technology allows people to call and answer their telephones without the traditional use of phone lines.
It does this through the use of internet connectivity. Specifically, voice calls travel along data networks like the cloud. Not all SIP trunking services are created equally.
A good amount of bandwidth is required to have uninterrupted calls. As such, it makes sense to invest in quality SIP trunk services for your business.
What Are the Benefits of SIP Trunking?
Why not just stick to your traditional business phone systems? There are a couple of reasons. First, SIP trunking is a lot more affordable than legacy phone systems. On top of that, scaling a SIP trunk system is far easier.
Instead of adding more phone lines, you simply need to increase the terms of your plan. Lastly, you don’t need to add anything to get started. SIP trunking makes use of your existing digital infrastructure. So as long as you’re happy with your internet network you can benefit from it.
How Much Will SIP Trunk Cost?
The specific cost of a single line will depend on the SIP trunk provider you partner with. Most of the time, you can expect a monthly fee that ranges between $25 to $40. For example, the NUSO platinum partner provides a single SIP trunk for $34.95 per month.
However, if you get a bundle of forty-six SIP trunks, the cost goes down to $19.54 per individual line. Other companies provide a metered plan. In other words, you pay as you go depending on how many minutes you use.
The right plan for you will depend on the number of individual lines you require, and how often you plan on using the service.
If you have a large corporation that requires a lot of different lines, then the monthly SIP trunk pricing is typically best. However, if you plan on using the service sparingly, stick with a metered plan.
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We hope this guide helped you answer the question, How much will SIP trunk cost in 2024? As you can see, SIP trunking can be a far more affordable option than traditional phone services.
However, it’s important to not let cost decide everything. Otherwise, you might be stuck with a service that claims to have the lowest cost but sticks you with all varieties of additional fees.
So make sure to do your research before choosing the best option. Looking for more tech advice? We’ve got loads more for you on our site so keep exploring to find them all.
