Press release
IP Telephony Market Outlook to 2025- Leading Players Cisco, Ascom, Polycom, Grandstream Networks, Yealink, Snom Technology, Mitel, Panasonic, Gigaset Communications and Ericsson-LG Enterprise
IP Telephony Market
Some of the key players influencing the market are Cisco Systems, Ascom, Polycom, Inc., Grandstream Networks, Inc., Yealink Inc., Snom Technology GmbH., Mitel LLC., Panasonic Corporation, Gigaset Communications and Ericsson-LG Enterprise Co., Ltd. (iPECS)
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Instead of traditional circuit-switched connection PSTN (Public Switched Telephone Network), IP Telephony exchanges voice, fax, SMS and video packets using packet switching over internet protocol. In order to use IP Telephony hassle free, it is necessary to have VoIP (Voice over IP). Various scenarios for using IP Telephony systems according to terminal equipment and types of network include PC to PC, Phone to Phone over IP and PC to Phone or Phone to PC.
Increasing usage of internet, cloud infrastructure, cost effectiveness, ease of installation and configuration are the major drivers of IP Telephony market. However, the lack of awareness about IP telephony service act as a restraining factor for the global market. The advantage of better service than conventional telephone network and increasing IP telephony service providers across the globe, are expected to create ample opportunities for the market during the forecast period. Instant messaging, video conferencing are the future trend for this market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IP telephony market based on by components and verticals. It also provides market size and forecast till 2025 for overall IP telephony market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key IP telephony market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, financial information of last 3 years, key development in past five years.
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