Bandwidth Ranked Top CPaaS Provider on Omdia's Influential SIP Trunking Scorecard

Rhea-AI Summary

Bandwidth Inc. (NASDAQ: BAND) has been recognized as the top CPaaS provider in Omdia's SIP Trunking Service Provider Scorecard for 2021. Bandwidth ranks third overall, outperforming competitors like Twilio and Inteliquent. The company demonstrated strong market momentum with significant growth attributed to the acquisition of Voxbone. Analysts commend Bandwidth for its excellence in security, reliability, and flexible API solutions, essential for modern business communications.

Positive

• Ranked top CPaaS provider by Omdia, indicating strong market position.
• Significant growth in 2020 following the acquisition of Voxbone.
• Strong market momentum recognized as the highest among top 10 providers.
• Above-average financial score highlights solid financial health.

Negative

• None.

RALEIGH, N.C., Aug. 19, 2021 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise communications platform and cloud-native carrier, today announced it was ranked the top CPaaS provider and third overall on Omdia's influential "SIP Trunking Service Provider Scorecard: North America - 2021," ahead of Twilio, Inteliquent and IntelePeer.

Ranked ahead of Twilio, Inteliquent and IntelePeer, Bandwidth's momentum was rated as the strongest.

"Bandwidth is a standout in this year's report, with the largest growth in 2020 as it completed its acquisition of Voxbone, and has a strong position around APIs for its partners and enterprise users," said Diane Myers, Chief Analyst for Enterprise Communications at research firm Omdia and the author of the report. "The company is the seventh-largest provider, but its market momentum was the strongest across the top 10 providers along with an above-average financial score."

"This is great recognition for the hard work Bandwidth has done to set a standard in what the market is looking for in SIP trunking: security, interoperability, reliability, flexible provisioning, APIs and self-service portals," said John Bell, Bandwidth's Chief Product Officer. "We're proud to have this momentum behind our global solution, excellent service and CPaaS software flexibility."

SIP trunking matters because it enables voice and media streaming over the internet. It is the foundation for enhanced services such as Unified Communications as a Service (UCaaS), Communications Platform as a Service (CPaaS), and Contact Center as a Service (CCaaS). Bandwidth's all-IP cloud communications platform is the largest directly-connected network in the world, reaching over 90 percent of global GDP. It provides real-time access to phone numbers around the world, carrier-grade SIP trunking, business text messaging and emergency services.

"SIP trunking is the backbone of business communications," Myers said. "Enterprises of all sizes are migrating to the more flexible and cost-effective solutions that on-demand SIP trunking provides."

Omdia's 13th annual SIP Trunking Service Provider Scorecard complements Omdia's Business VoIP and Unified Communications Services and Subscribers Market Report. The purpose of the Scorecard is to determine which service providers currently lead the market for SIP trunking and are best positioned to succeed in the long term based on a set of criteria. Omdia identified the largest service providers measured by number of SIP trunks and then evaluated them based on the following four criteria: financial strength, market share momentum, service development and support options.

About Bandwidth Inc.
Bandwidth (NASDAQ: BAND) is a global communications software company that helps enterprises connect people around the world with cloud-ready voice, messaging and emergency services. Backed by the largest directly-connected network on the planet, companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed communications into software and applications. Bandwidth has more than 20 years in the technology space and is the first and only Communications Platform-as-a-Service (CPaaS) provider offering a robust selection of APIs built around our own global network. Our award-winning support teams help businesses around the world solve complex communications challenges every day. More information is available at www.bandwidth.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bandwidth-ranked-top-cpaas-provider-on-omdias-influential-sip-trunking-scorecard-301358545.html

SOURCE Bandwidth Inc.

FAQ

What was Bandwidth's ranking in Omdia's 2021 SIP Trunking Service Provider Scorecard?

Bandwidth was ranked as the top CPaaS provider and third overall.

How did Bandwidth's acquisition of Voxbone impact its market position?

The acquisition contributed to Bandwidth's significant growth and strengthened its market position.

Who are Bandwidth's competitors mentioned in the Omdia report?

Competitors include Twilio, Inteliquent, and IntelePeer.

What are the key strengths of Bandwidth according to the Omdia report?

Bandwidth is noted for its security, reliability, and flexible API solutions.

What services does Bandwidth provide?

Bandwidth offers cloud-based voice, messaging, and emergency services.