Press release
Worldwide Outlook : VoIP Services Market Globally Grow at a CAGR of 9.87% by 2021
VoIP functions on broadband networks using packet switched telephone networks (PSTNs), unlike traditional calls on circuit switched networks. PSTNs are more efficient than legacy systems (circuited switched networks), and information can be routed in packets over optimized paths. VoIP allows IP calls over mobile networks (3G/LTE) or fixed networks, such as wireless hotspots, Wi-Fi, and worldwide interoperability for microwave access (WiMAX) networks. VoIP bypasses the originating mobile carrier's telephony network and allows inexpensive calls on mobiles through the ISP networks. It also offers low-cost international calls, and roaming calls, without the need for extensive infrastructures such as PCs and DSL modems.
Technavios analysts forecast the global VoIP services market to grow at a CAGR of 9.87% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global VoIP services market for 2017-2021. To calculate the market size, the report considers the revenue generated by VoIP service providers and connectivity service providers for offering VoIP services suites.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global VoIP Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Avaya
Microsoft Skype
Viber Media
Vonage
Other prominent vendors
8x8
Apple (FaceTime)
BigAnt
Cisco (Jabber)
Google (Hangouts)
HipChat
IBM (Sametime)
InPhonex
Kakao Japan
Kosmaz Technologies (VoIP)
Line
magicJack
Nextiva
One Horizon Group
RingCentral
Talk360
TATA Communications
Telefonica (Tu Me)
Tencent (WeChat)
T-Mobile
Vyke Telecoms
Market driver
Increased number of mobile computing devices
For a full, detailed list, view our report
Market challenge
Network security issues
For a full, detailed list, view our report
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Market trend
Low TCO
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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