VoIP Market Analysis: Poultry Trend On The Rise Over 2019 to 2025

VoIP market is projected to surpass USD 55 billion by 2025. The market growth is attributed to the growing demand for cost-effective communication solutions to support enterprise mobility and favorable government initiatives for the development of the wireless telecommunications infrastructure. As enterprises are rapidly expanding their businesses across domestic as well as international regions, they need cost-effective solutions that can improve their communication & collaboration with their remote employees.

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This increases the demand for VoIP products such as IP phones & adapters and cheap calling plans. Also, government agencies and private companies worldwide are investing huge amounts in wireless telecommunication technologies such as 4G/LTE and upcoming 5G networks. For instance, in June 2018, Telefonica Spain invested USD 125 million for 5G spectrum. The company acquired 10x5 in the 3,600-3,800 MHz sub-band to support the deployment of the 5G network from 2020. The next-generation technologies will enhance the VoIP for businesses, providing high transfer speeds and allowing businesses to deliver high-quality voice & data services.

The major players operating in the market-
1. 8x8
2. Alcatel-Lucent Enterprise
3. AT&T
4. Avaya
5. Cisco
6. Citrix
7. Deutsche Telekom
8. Google
9. Huawei Technologies
10. Microsoft
11. Mitel
12. Nextiva
13. Orange Business Services
14. Ribbon Communications
15. RingCentral
16. Telenor
17. Verizon
18. Vonage
19. ZTE Corporation

Major Key Points from Table of Content:

Chapter 4. Competitive Landscape
4.1. Introduction
4.2. Company market share analysis, 2018
4.3. Competive analysis of major VoIP solution providers, 2018
4.3.1. 8x8
4.3.2. Google
4.3.3. Microsoft
4.3.4. Mitel
4.3.5. RingCentral
4.3.6. Vonage
4.4. Competive analysis of major telecom providers, 2018
4.4.1. AT&T
4.4.2. Deutsche Telekom
4.4.3. Huawei
4.4.4. Telenor
4.4.5. Verizon
4.4.6. ZTE Comrporation

Chapter 5. VoIP Market, By Type
5.1. Key trends, by type
5.2. Integrated access/SIP trunking
5.2.1. Market estimates and forecast, 2014 – 2025
5.3. Managed IB PBX
5.3.1. Market estimates and forecast, 2014 – 2025
5.4. Hosted IB PBX
5.4.1. Market estimates and forecast, 2014 – 2025

Chapter 6. VoIP Market, By Access Type
6.1. Key trends, by access type
6.2. Phone to phone
6.2.1. Market estimates and forecast, 2014 - 2025
6.3. Computer to computer
6.3.1. Market estimates and forecast, 2014 - 2025
6.4. Computer to phone
6.4.1. Market estimates and forecast, 2014 - 2025

Chapter 7. VoIP Market, By Call Type
7.1. Key trends, by call type
7.2. International VoIP calls
7.2.1. Market estimates and forecast, 2014 - 2025
7.3. Domestic VoIP calls
7.3.1. Market estimates and forecast, 2014 – 2025

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The phone-to-phone VoIP market is estimated to grow at a CAGR of over 17% from 2019 to 2025. The market growth is attributed to the rising penetration of smartphones and affordable domestic and international calling service plans offered by VoIP service providers. This has facilitated the demand for IP phone systems, which offer advanced functionalities such as call waiting and routing options as compared to analog phones.

The fixed VoIP market held a market share of over 62% in 2018 and is expected to dominate the market with a share of over 55% in 2025. As a reliable communications infrastructure is vital for the success of any organization to ensure seamless internal and external communications, they choose fixed VoIP. A system offers optimum security to safeguard communication as the numbers are assigned by the service providers, which can be traced back to the PSTN line to detect the cases of fraud.

The education VoIP market is expected to witness a growth rate of over 18% during the forecast timeline due to the extensive use of IP phones and softphone applications to enable collaboration among classes and conduct seminars through VoIP systems without physically being present at the location. The technology is gaining traction to reduce the amount spent on procuring expensive telephony equipment. Phone systems are widely being used by school authorities to interact with parents to provide alerts and updates regarding child's behavior and progress. As traditional phones incur huge calling expenses, the educational institutions are adopting such phones to utilize the benefits of the cost-effective communication system. These phones facilitate smooth voice communication to enhance school administration and enable departments and teams to handle calls efficiently.

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The Latin America VoIP market is expected to witness a growth rate of over 15% during the forecast timeline. Increasing investments in the telecom technologies, rising internet penetration, and growing utilization of cloud-based communications platforms are expected to fuel the VoIP market growth in the region. The enterprises in the region are deploying cloud-based communications systems to manage their communications infrastructure.

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