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IP Packet Exchange Market to Grow at a Significant Pace, Reveals a Top Research Firm
IP Packet Exchange Market is a broad market and has many services to offer, some of these services of IP packet exchange would include adopting a range of business models and payments models, to enable the delivery of voice, data or other content between networks, to be able to deliver many services across a single connection, services such as high definition voice, video calling, LTE voice and data roaming and LTE signaling.
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The major factor driving the adoption of IP Packet Exchange market is the general migration from circuit-switched services to IP. Enterprises are adopting IP Packet Exchange to drive out cost by combining multiple services over a single connection. Moreover the opportunity in IP packet exchange market to introduce new revenue-generating services is also a driving factor and with this the associated opportunity in IP packet exchange market to increase quality and different classes of services is what an individual enterprise will decide to explore.
The key challenge for IP Packet Exchange market is the lack of infrastructure like LTE and other. The other challenges for IP packet exchange market would include lack of critical mass, operator organizational barriers, uncertainty about the ability of IPX to fix interoperability problems, regulatory challenges and others.
In IP Packet Exchange market there are many vendors some of them are Aicent, Belgacom International Carrier Services (BICS), BT, CITIC International Telecom, Colt, Comfone, iBasis and others.
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Presently, Asia pacific, North America and Europe are holding the largest market share for IP Packet Exchange market due to various services it provide in both service and hardware domain. The use of IP Packet Exchange by customers and the adoption of IP Packet Exchange technology by enterprise drives the markets in these regions.
In Asia pacific, North America region, the market for IP Packet Exchange is witnessing high growth rate due to the increasing demand for upcoming technologies like VoLTE.
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