Voice Over Internet Protocol Market : Global Market Size and Forecast 2019-2025

Posted by pranshu@95 on September 26th, 2019

The Global Voice Over Internet Protocol (Voip) Market is growing at a significant CAGR during the forecast period. VoIP is a technology which is used to make calls using a broadband internet connection instead of the traditional phone line. Some VoIP services allow the same service connection that is a person can call only on the same network. However, some services provide calling on other telephone numbers such as local, long-distance, mobile and international numbers. There are various ways to connect over VoIP services such as using VoIP based phones, traditional phones with VoIP adapters and computers using dedicated software’s.

The major factors driving the growth of voice over internet protocol (VoIP) market are an increase in awareness about the benefits of VoIP technology and increased video & audio communication experience. Moreover, organizations are adopting new ways to reduce initial setup cost and regular hardware maintenance cost by installing in-house VoIP systems on account of which demand for managed VoIP is increasing. Increase in popularity of applications such as Line, WhatsApp, Skype, WeChat, Telegram and so on has a tremendous contribution to the growth of the market.

Rising smartphone penetration has a significant role in the growth of the market. Further, VoIP service providers have introduced affordable calling plans for domestic and international calling, which is further fueling the market growth and it ultimately resulted in rising in demand for IP phone systems as well. IP phone system offers advanced functionalities such as call waiting and routing options, which are not available on traditional phones.

Visit here to know more about Voice over Internet Protocol Market Size.

Private agencies across the globe are investing the heavy amount in the expansion of new cellular networks such as 4G/LTE and upcoming 5G networks, hence assisting in the growth of the VoIP market. Moreover, the rise in investment in the R&D projects and surge in technological advancements are anticipated to significantly drive the VoIP industry. Government regulations regarding the expansion of VoIP and the adoption of cloud-based VoIP solutions are further expected to assist in market growth. Adoption of cloud-based solutions will increase during the forecast period, as a cloud-enabled phone system enables organizations to manage communication cost very effectively and further eliminates the need for investing in hardware equipment.

The key players dominating the global voice over internet protocol (VoIP) market include Telecom Italia, Deutsche Telekom AG, AT&T, T-Mobile US, Inc., Vonage Citrix, Orange S.A., Verizon KT (Korea Telecom) Corporation, Microsoft Corporation, and Telenor. The companies are focusing on various strategies including mergers and collaborations and geographic expansion, to cap the increasing customers. For instance, in January 2019, Jabra and Audiocodes joined hands with each other to provide solutions for unified communication and contact center voice. The partnership has enabled both companies in accelerating deployments and user adoption of IP based solutions.

Global Voice over Internet Protocol Market - Segmentation

By Access Type

  • Phone to Phone
  • Computer to Computer
  • Computer to Phone

By End-User

  • Healthcare
  • BFSI
  • Education
  • Transportation
  • Military and Defense
  • Others

The Voice over Internet Protocol Market –Regional

North America           

  • United States
  • Canada

Europe

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific    

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa 
  • Latin America

 

About Orion Market Research

Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, company profiling, consulting and other research-based services.

Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667,+91 780-304-0404


pranshu@95

About the Author

pranshu@95
Joined: June 17th, 2019
Articles Posted: 229

BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
Share Your Internet Connection & Get Paid
HoneyGain is compatible for desktop computers, Android and iOS and pays you when you share your internet connection!
Passive Income - Effortlessly | Honeygain
Honeygain is the first-ever app that allows users to make money online by sharing their internet connection.
Earn Crypto with the COIN App!
Earn crypto on your Android or iOS Smartphone! Signup through this link and receive 1,000 free coins!
KuCoin | Cryptocurrency Exchange | Buy & Sell Bitcoin, Ethereum, and more
KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more. KuCoin also provide Excellent Support, Maker & Taker Transaction Fees, Open API
Earn Crypto with Stakecube
StakeCube is the predominant crypto ecosystem originally launched in June 2018 as PoS Pool and has since grown to service over 50,000 Users and supporting 55+ different crypto assets with unique features across 10+ apps, like an integrated Exchange, maste