Voice over Internet Protocol (VoIP) Market Growth, Trends, Industry Analysis and Forecast to 2025– The Insight Partners
The “Voice over Internet Protocol (VoIP) Market to 2025 – Global Analysis and Forecasts by Configuration, Call type and End-users” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments.
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The increase in demand for technological development in network structures, mobile communication and high performance ratio is the key driver for the rising demand for the global VoIP services market. Rising bring your own device (BYOD) popularity coupled with diversification of telecom service providers to VoIP services is expected to drive the global VoIP services market in the near future. Furthermore, the global VoIP services market is motivated by technological advancements. The use of portable devices such as tablets and smartphones has also led to the growth of global VoIP market. VoIP services are economical for both individual and corporate customers. Moreover, VoIP services helps the corporate customers to save the operational cost that is spent on acquiring the traditional communication services. Due to packaged service offerings and cost efficiency, business customers are opting for cloud based VoIP services. Also, telecommunication companies are offering VoIP services their customers constantly, creating a demand for global VoIP market.
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The global VoIP services market is segmented by configuration into computer to computer, phone to phone and computer to phone. Computer to phone configuration segment is currently dominating the global market for VoIP services, whereas, with the rising demand for flexibility among residential and corporate consumers, the growth for phone to phone VoIP segment is expected to increase. The global VoIP services market is further segmented by call type includes domestic VoIP calls and international long distance calls. Another segment by which the global VoIP services market is bisected is by the end-users, which include corporate consumers, individual consumers and hosted business. The global market for VoIP services is further bifurcated on the basis of region it can be bisected into North America, Europe, South America, Asia Pacifica and Middle East & Africa.
Low acceptance of VoIP services by residential customer segment acts as a restraint in the growth of the global VoIP services market. The constant growing need to make long distance or international calls due to migrating population or moving work force will led to public acceptance and increase in the growth of the market. Also, regional governments of developing economies are implementing certain policies and regulations to safeguard telecom industry which is hampering the growth to the large extent. The global VoIP services market is dominated by Europe, in both revenue as well as subscriber base. APAC is the second largest market after Europe and is expected to grow in the forecasted period due to introduction of 3G and 4G services by communication networks and also, due to expansion of network infrastructure.
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Some of the chief players operating in the global VoIP services market includes Vonage Holdings Corp., Microsoft Corporation (Skype), 8×8, Inc., Sprint Corporation, Nextiva, Inc., RingCentral, Inc., Viber Media S.r.l, InPhonex LLC and iNet Telecom Ltd. among others.
Some of the key points covered in the report:
- Voice over Internet Protocol Market Landscape
- Voice over Internet Protocol Market – Key Industry Dynamics
- Voice over Internet Protocol Market – Five Forces Analysis
- Voice over Internet Protocol Market – Competitive Landscape
- Voice over Internet Protocol Market Revenue and Forecasts to 2025 – Configuration
- Voice over Internet Protocol Market Revenue and Forecasts to 2025 – Call Type
- Voice over Internet Protocol Market Revenue and Forecasts to 2025 – End-users
- Voice over Internet Protocol Market Revenue and Forecasts to 2025 – Geographical Analysis
- Voice over Internet Protocol Market, Key Company Profiles
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