The fixed voice over internet protocol market held a market share of over 62% in 2018 and is expected to dominate the market with a share of over 55% in 2025. As a reliable communications infrastructure is vital for the success of any organization to ensure seamless internal and external communications, they choose fixed VoIP. A system offers optimum security to safeguard communication as the numbers are assigned by the service providers, which can be traced back to the PSTN line to detect the cases of fraud.
The consumers segment is projected to grow at a CAGR of over 14% between 2019 and 2025. Residential VoIP is gaining popularity as it offers several services that are not available with landlines. Many residential customers are switching from traditional landlines to VoIP as these services include unlimited calling and many free features such as call waiting, call forwarding, and caller ID, which are normally charged by traditional phone companies. These services and plans are becoming prevalent as they can reduce home phone bills to a greater extent and also include additional sign-up bonuses and monthly specials.
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The education voice over internet protocol market is expected to witness a growth rate of over 18% during the forecast timeline due to the extensive use of IP phones and softphone applications to enable collaboration among classes and conduct seminars through VoIP systems without physically being present at the location. The technology is gaining traction to reduce the amount spent on procuring expensive telephony equipment.
Rising demand for affordable and reliable communication services worldwide will be one of the key trends driving voice over internet protocol market growth over the forecast period. VoIP is a rapidly advancing technology that uses internet to make phone calls rather than conventional telephone systems. The cost of using a VoIP service is relatively low, especially for long-distance communication. Companies are increasingly leveraging VoIP solutions to improve their productivity and enhance mobility.
Europe voice over internet protocol market will witness commendable growth over the coming years. Especially across Germany, the VoIP industry is recording lucrative growth on account of the region’s strong telecommunication infrastructure. Consumer demand and adoption of broadband high-speed Internet services is also considerable within the nation. With rising demand for cheaper communications service and increasing use of VoIP solution, the region is forecast to be a major ground for VoIP market growth over the coming years.
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The Latin America voice over internet protocol market is expected to witness a growth rate of over 15% during the forecast timeline. Increasing investments in the telecom technologies, rising internet penetration, and growing utilization of cloud-based communications platforms are expected to fuel the VoIP market growth in the region. The enterprises in the region are deploying cloud-based communications systems to manage their communications infrastructure.
Some Points From Table Of Content: –
Chapter 5. Voice Over Internet Protocol Market, By Type
5.1. Key trends, by type
5.2. Integrated access/SIP trunking
5.2.1. Market estimates and forecast, 2014 – 2025
5.3. Managed IB PBX
5.3.1. Market estimates and forecast, 2014 – 2025
5.4. Hosted IB PBX
5.4.1. Market estimates and forecast, 2014 – 2025
Chapter 6. Voice Over Internet Protocol Market, By Access Type
6.1. Key trends, by access type
6.2. Phone to phone
6.2.1. Market estimates and forecast, 2014 – 2025
6.3. Computer to computer
6.3.1. Market estimates and forecast, 2014 – 2025
6.4. Computer to phone
6.4.1. Market estimates and forecast, 2014 – 2025
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