The latest Voice over Internet Protocol (VoIP) market research report offers actionable insights into the key trends and opportunities that will propel the industry growth. Moreover, it also lists out the solutions for the existing and upcoming challenges in this business sphere.
Voice over Internet Protocol (VoIP) market is projected to surpass USD 55 billion by 2025. The market growth is attributed to the growing demand for cost-effective communication solutions to support enterprise mobility and favorable government initiatives for the development of the wireless telecommunications infrastructure. As enterprises are rapidly expanding their businesses across domestic as well as international regions, they need cost-effective solutions that can improve their communication & collaboration with their remote employees. This increases the demand for VoIP products such as IP phones & adapters and cheap calling plans. Also, government agencies and private companies worldwide are investing huge amounts in wireless telecommunication technologies such as 4G/LTE and upcoming 5G networks. For instance, in June 2018, Telefonica Spain invested USD 125 million for 5G spectrum. The company acquired 10×5 in the 3,600-3,800 MHz sub-band to support the deployment of the 5G network from 2020. The next-generation technologies will enhance the VoIP for businesses, providing high transfer speeds and allowing businesses to deliver high-quality voice & data services.
The phone-to-phone VoIP market is estimated to grow at a CAGR of over 17% from 2019 to 2025. The market growth is attributed to the rising penetration of smartphones and affordable domestic and international calling service plans offered by VoIP service providers. This has facilitated the demand for IP phone systems, which offer advanced functionalities such as call waiting and routing options as compared to analog phones.
This report has keen to several extents of analysis – industry research (global industry trends) and Voice over Internet Protocol (VoIP) market share analysis of topmost companies, along with company profiles, and which cooperatively include about the ultimate views regarding the Voice over Internet Protocol (VoIP) market landscape, emerging and an evolutionary segments of Voice over Internet Protocol (VoIP) market.
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Another factor accelerating market growth is the adoption of cloud-based VoIP solutions. Cloud-enabled phone systems enable enterprises to scale up or down according to their business requirements and enable them to manage communication services cost-effectively. As these platforms eliminate the need to invest in any hardware equipment, the adoption of these solutions will increase over the forecast timespan.
The international VoIP calling market is expected to exhibit a growth rate of over 11% due to the heavy demand for international calling plans that enable cost-savings for organizations with higher levels of workforce mobility. As they are focusing on geographic expansion to expand the horizon for their business activities, the demand for international calling services will also increase.
The managed IP PBX segment is expected to grow at a CAGR of over 12% during the forecast timeline. The demand for managed VoIP is increasing as organizations are seeking new ways to minimize their initial setup & hardware maintenance costs and complexities by deploying VoIP in-house. The managed service provider helps customers to expand their systems or upgrade PBX as per their needs. These services act as excellent alternatives to traditional PBX systems or managing own IP PBX.
The objective of Voice over Internet Protocol (VoIP) market is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The report on Voice over Internet Protocol (VoIP) market is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Major Highlights from Table of contents are listed below for quick lookup into Voice over Internet Protocol (VoIP) Market report
Chapter 1. Methodology and Scope
- Definitions & forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2. Executive Summary
- Business trends of Voice over Internet Protocol (VoIP) Market
- Product trends
- Application trends
Chapter 3. Voice over Internet Protocol (VoIP) Industry Insights
- Voice over Internet Protocol (VoIP) Market Industry segmentation
- Industry landscape
- Analysis of Manufacturers in the Voice over Internet Protocol (VoIP) industry
- Distribution channel analysis
- End-use landscape
- Vendor matrix
- Voice over Internet Protocol (VoIP) Market Technology & innovation landscape
- Industry impact forces
- Voice over Internet Protocol (VoIP) Market Growth drivers
- Industry pitfalls & challenges
- Key trends by Segments
Chapter 4. Company Profiles
- Business Overview of Voice over Internet Protocol (VoIP) Market Companies
- Financial Data
- Product Landscape
- Strategic Outlook and Decisive Analysis of companies in Voice over Internet Protocol (VoIP) Market
- SWOT Analysis
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