Voice Over Internet Protocol Market Size, Share, Trends And Growth Analysis, Industry Forecast To 20
According to a new market report published by Credence Research, Inc. "Voice Over Internet Protocol (VoIP) Market By Call Type (International Call, Domestic Call), By Service (SIP Trunking Service, Hosted Business IP PBX Service, Managed IP PBX Service, Other Services), By User (Corporate User, Individual User) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023", the global VoIP market is expected to grow at a CAGR of over 9.7% from 2016 to 2023.
Market Insights
Increasing awareness regarding benefits of VoIP technology and how it can enhance overall communication experience both audio and video, especially in countries with large customer base such as China and India is propelling growth of the market. Also, rising deployment of real-time communication solutions in large, small and mid-sized enterprises has opened an opportunity window for major vendor to foray into. Major benefits of VoIP include the availability of services over cloud, uninterrupted and secure communication service, which, in turn, is driving the uptake of VoIP solutions and services worldwide. Further, growing internet penetration in developing regions is support growth of the market to considerable extent. However, inefficient networking infrastructure in underdeveloped and developing regions is likely to hamper the market growth over the forecast period.
Browse the Voice over Internet Protocol (VoIP) Market By Call Type (International Call, Domestic Call), By Service (SIP Trunking Service, Hosted Business IP PBX Service, Managed IP PBX Service, Other Services), By User (Corporate User, Individual User) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/voice-over-internet-protocol-voip-market
Competitive Insights:
Prominent players in the VoIP market are focused towards investing substantial amount on research and development activities to develop technologically advanced solutions. This help companies to outperform their competitors in such a highly competitive market. Also, acquisition and mergers is another major strategies followed by key players to enter emerging market and enhance geographical presence. Major players operating in the global VoIP market are 8x8 Inc., Vonage Hodling Corp., Nextiva, Inc., Ring Central Inc., Verizon Communication Inc., Deutsche Telekom, Microsoft Corporation, Thinking Phone Networks Inc., Phone Power LLC, and Inphonex LLC.
Key Trends:
- Strategic partnership and joint ventures among key players
- Introduction of cloud-based VoIP solutions and services
- Surge in acquisition & mergers
Latest Report
Ocular Drug Delivery Technology Market To Reach Worth Us $25,697 Mn By 2025
Aircraft Evacuation Equipment Market to Reach US$ 2.21 Bn by 2025
Smart Wallets Market to Reach US$ 526.8 Mn by 2025
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: 1-800-361-8290
Email: sales@credenceresearch.com
Web: http://www.credenceresearch.com/