The global demand for Voice Over Internet Protocol (VoIP) Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Voice over internet protocol (VoIP) is also known as IP telephony, internet calling, broadband telephony, or internet telephony. It is a combination of various technologies enabling the delivery of voice messages and multimedia content through IP (internet protocol). Simply, it refers to a phone or communication service over the internet. This technology digitizes voice signals and then transmits the digital voice message over an internet protocol network. It is more versatile when compared to traditional telephony services like public switched telephone networks (PSTN), as one can make voice calls directly from data-driven devices like computers and smartphones. VoIP is highly scalable, portable, reduces communication service cost, and doesn't require any physical phone lines and handsets.
Market Dynamics
Key factors driving the VoIP market are the increasing adoption of VoIP services owing to cost-effectiveness and initiatives taken by private and government organizations for developing and improving wireless communication infrastructure. Other factors contributing to the VoIP market are increasing penetration of the internet and portable devices, technological advancement in network infrastructure, and low operating and maintenance costs related to VoIP. Furthermore, diversification of telecommunication companies along with the rising trend of BYOD (Bring Your Own Device) will propel VoIP market growth. However, the low adoption rate of VoIP services among residential consumers in developing countries owing to network connectivity issues are hampering VoIP market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of voice over internet protocol (voip). The growth and trends of voice over internet protocol (voip) industry provide a holistic approach to this study.
Market Segmentation
This section of the voice over internet protocol (voip) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Access Type
- Phone to Phone
- Computer to Computer
- Computer to Phone
By Type
- International VoIP Calls
- Domestic VoIP Calls Interactive Assessments
By Medium
By User Type
- Individual Consumers
- SMBs
- Large Enterprises
By Industry Vertical
- Healthcare
- BFSI
- Retail
- Hospitality
- Government
- Education
- Transportation
- Media and Entertainment
- Military and Defence
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Voice Over Internet Protocol (VoIP) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Voice Over Internet Protocol (VoIP) Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the voice over internet protocol (voip) market include Alcatel Lucent, AT&T, Inc., Avaya, Cisco Systems, Inc., Citrix, Deutsche Telekom, Google LLC, Huawei Technologies Co. Ltd., Jive Communication, Microsoft Corporation, Mitel. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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