VoIP market in Phone-to-Phone Segment is Projected to Grow at CAGR of 17% By 2025

The phone-to-phone VoIP market is estimated to grow at a CAGR of over 17% from 2019 to 2025. The market growth is attributed to the rising penetration of smartphones and affordable domestic and international calling service plans offered by VoIP service providers. This has facilitated the demand for IP phone systems, which offer advanced functionalities such as call waiting and routing options as compared to analog phones.

The fixed VoIP 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.

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The education VoIP 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. Phone systems are widely being used by school authorities to interact with parents to provide alerts and updates regarding child’s behavior and progress.

The Latin America VoIP 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.

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The companies present in the VoIP market are focusing on strategies, such as mergers and collaborations and geographic expansion, to cater to the growing number of customers. For instance, in February 2019, AudioCodes partnered with Jabra to offer unified communication and contact center voice solutions. This partnership is assisting enterprises in accelerating deployments and user adoption of IP-based unified communications and contact center solutions.

Some Point from Table of Contents:

Chapter 9. VoIP Market, By End Use

9.1. Key trends, by end use

9.2. Consumers

9.2.1. Market estimates and forecast, 2014 – 2025

9.3. Small and Medium Businesses (SMBs)

9.3.1. Market estimates and forecast, 2014 – 2025

9.4. Large enterprises

9.4.1. Market estimates and forecast, 2014 – 2025

Chapter 10. VoIP Market, By Application

10.1. Key trends, by application

10.2. IT & telecom

10.2.1. Market estimates and forecast, 2014 – 2025

10.3. BFSI

10.3.1. Market estimates and forecast, 2014 – 2025

10.4. Government & public sector

10.4.1. Market estimates and forecast, 2014 – 2025

10.5. Healthcare

10.5.1. Market estimates and forecast, 2014 – 2025

10.6. Retail

10.6.1. Market estimates and forecast, 2014 – 2025

10.7. Education

10.7.1. Market estimates and forecast, 2014 – 2025

10.8. Hospitality

10.8.1. Market estimates and forecast, 2014 – 2025

10.9. Others

10.9.1. Market estimates and forecast, 2014 – 2025

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