Voice over Internet Protocol Market Insights with statistics and Growth Prediction 2021 to 2027
A detailed analysis of the voice over internet protocol market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.
The voice over internet protocol market is anticipated to witness stellar growth in the coming years in view of budding trend of employee mobility across organizations to improve collaborations and communication with remote users as well as steady acceptance in the residential sector. For starters, VoIP is a telecommunication technology that comes as a significant improvement over traditional phone. The technology’s demand has surged greatly as to its numerous offered benefits such as low data rates and inexpensive calling prices.
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The government and the public sector is focusing on modernizing their communications infrastructure to advance reliability and deliver services to consumers. With an eye to make budget cuts, government organizations and agencies are expected to adopt VoIP services to improve operational efficiency, while meeting expectations for modern communications and fast response times. Government agencies are using Cloud-enabled communication platforms in quest of obtaining a cost-effective way to install and developing distributed phone systems and contact centers.
Residential voice-over-internet protocol (VoIP) services are gaining traction as they are cost-effective and offer several services that are not available with landlines. Many consumers are shifting towards VoIP from traditional landlines as these services offer free features like unlimited calling, caller ID, call forwarding and waiting, simultaneous ring, voice mail, 3-way calling, and many more. All such features are expected to boost the demand for VoIP in the coming years, thereby augmenting the residential voice over internet protocol market outlook.
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Region-wise, Europe is estimated to generate momentous revenue prospects in the voice over internet protocol market between 2021 to 2027. Adoption of remote working facility by businesses has accelerated the use of VoIP services in the region. Apart from this, another major factor driving the regional growth is the wide exposure of the 4G LTE network in Europe. VoIP solutions provide the ability to manage enterprise communication at better speed and lower cost compared to the traditional PSTN network. As employees are working remotely at different locations, enterprises are capable of communicating and managing operations globally.
Key players functioning in the market are Deutsche Telekom, Alcatel Lucent, Cisco, Citrix, AT&T, Ribbon Communication, etc.
Major Key Points from Table of Content:
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, 2016 – 2027
6.3 Computer to computer
6.3.1 Market estimates and forecast, 2016 – 2027
6.4 Computer to phone
6.4.1 Market estimates and forecast, 2016 – 2027
Chapter 7 Voice over Internet Protocol Market, By Call Type
7.1 Key trends, by call type
7.2 International VoIP calls
7.2.1 Market estimates and forecast, 2016 – 2027
7.3 Domestic VoIP calls
7.3.1 Market estimates and forecast, 2016 – 2027
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