VoIP Analysis, Revenue Generation and Service Market Size 2019

By Rajat Kesarwani | Monday, September 02, 2019 14:20 PM | 4 min read

Highlights:

  • According to an in-depth analysis of Voice over Internet Protocol (VoIP) this year, the market size is set to exceed $55B by the year 2025.
  • Innovative technologies enable cost-effective solutions for small and large businesses, across the globe. It is far better compared to a broadband internet connection.
  • Enterprises are focusing on geographic expansion, and this is increasing the pressure to enhance communication and collaboration among remotely dispersed workforce.

The In-Depth Analysis of Voice over Internet Protocol (VoIP) report focuses on bringing light to the product types, applications, sales channels, manufacturers, traders, dealers, distributors and regions. The report is systematically created after a detailed research and the VoIP Size 2019 Report suggests that the Internet Protocol (VoIP) Services Market is going to exceed $55B by 2025. The report is basically about the manufacturing process.

Cloud-Based Communication Platforms are the Future of VoIP

The recent VoIP Size 2019 Report shows that the increased adoption of cloud-based VoIP services in government agencies and private companies is boosting the business towards exponential growth in a short period of time. The workforce mobility is another factor that leads to the increase in the VoIP market demand. Enterprises have been noticing improvement in productivity and increase in sales performance and revenue generation with VoIP services.

The most popular VoIP service providers excel in the following services:

By the year 2025 the hosted IP PBX segment in the VoIP market is expected grow by 15%. Service providers host the IP-based phone system and this is what makes this tremendous leap of growth possible in the business. On-premises systems are not less in demand and they are expected to be out-dated by 2025.

Businesses are now relying on VoIP solutions for cost-saving, effective communication systems, and crystal clear calls with 99% uptime as long as the internet speed is good. The softphone applications allow users to make free peer-to-peer calls and send instant messages while ensuring there is no breech of security in the company.

Here’s what we know about the in-depth analysis of Voice over Internet Protocol (VoIP):

  • The VoIP market is expected to grow at a CAGR of over 10% in the next five years.
  • The most widely method of calling is now the VoIP system in small and large businesses.
  • Enterprises are leveraging the benefits of calling plans and making them almost free and unlimited for a certain period of time.
  • The VoIP market size is spurring as service providers offer bonuses and additional discounts to make domestic calls.

Mobile VoIP depends on reliable and high-speed wireless networks. Networks with technologies such as 4G and 5G are said to adopt mobile VoIP apps such as Skype soon, ultimately eliminating the need for voice plans and high flexibility to make unlimited calls.

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