IP Telephony Market to Grow at a CAGR of 10.1% during 2025 | Top Companies are Cisco Systems, Ascom, Polycom, Grandstream Networks, Yealink, Snom Technology GmbH and Mitel

IP Telephony Market accounted to US$ 25.26 Bn in 2017 and is anticipated to grow at a CAGR of 10.1% to account for US$ 63.47 Bn by 2027.

Within this market, various regions are observed to exhibit different growth trends. North America holds the largest share of the total market while the areas such as Latin America and APAC are expected to show high growth along with the increasing growth in the industrial and IT sector.

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Leading of IP Telephony Market Players:

1. Cisco Systems
2. Ascom
3. Polycom, Inc.
4. Grandstream Networks, Inc.
5. Yealink Inc.
6. Snom Technology GmbH.
7. Mitel LLC.
8. Panasonic Corporation
9. Gigaset Communications
10. Ericsson-LG Enterprise Co., Ltd. (iPECS)

The study intends to deliver an overview of IP telephony market with detailed market segmentation. Also, it evaluates the present market state of IP telephony market and forecasts the market till 2027. The report covers market dynamics affecting the IP telephony market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the IP telephony market for all geographic regions. Further, the report includes the detailed company profiles of the key players in the IP telephony market along with their market strategies with the SWOT analysis for all company profiled in the report.

Wireless access points create a wireless network addressing the needs of multiple users. Maximum enterprises adopt wireless telephones in their office environments which offer employees with high mobility. Also, the adoption of wireless devices among enterprises is high. Use of wireless devices increases employee mobility, level of complexity & maintenance, and ultimately the company’s overall efficiency. Moreover, use of wireless devices and IP phones delivers a hassle-free experience to the workforce and enhances the configuration. In addition to this, Players introduces new products to extend their IP telephony product portfolio. For instance, Grandstream extended its IP phone portfolio. The company’s WP820 provides portable WiFi IP phone with dual-band WiFi support, built-in feature of Bluetooth, and a sophisticated antenna design which permit the users to impeccably roam across any WiFi environment.

APAC is expected to be the fastest growing region in the IP telephony market. The primary reason for this is the presence of a considerable number of companies coupled with some favorable Government policies encouraging the setup of businesses in the region. India, China, are some of the relevant countries in Asia. Geographically, North America will have the largest share in the IP telephony market by 2027, owing to rapid technological developments, various investments, and supportive Government policies in the western part of the world.

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What our report offers:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global IP Telephony Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the IP Telephony, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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This release was published on openPR.