Voice Over Internet Protocol (VoIP) Market Size, Share | Industry Report 2024
Industry at a Glance
The global VoIP market is on rising on account of benefits including low-cost communication, inexpensive data rates and the presence of a strong network infrastructure. Snowballing adoption particularly by Small & Home Offices (SOHO) is another major factor driving market growth significantly over the next few years. Additionally, the industry is witnessing an upcoming trend of moving to a completely Unified Communications (UC) environment and VoIP is considered as the first step towards this evolution.
VoIP has also emerged as a service particularly for small and midsized businesses that are actively seen moving towards public cloud owing to lack of finances or capital investment. In addition, with the flourishing bring-your-own-device (BYOD) trend, mobile VoIP is gaining traction. VoIP provides convenience primarily to employees who work from home or are regularly traveling.
The industry is also witnessing the use of dedicated VoIP networks, real-time antivirus software, and enhanced data encryption as means to improve security thereby eliminating the risk of Denial of Service (DoS) attacks or data breach.
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Key findings from the study: -
• Low public acceptance of VoIP services primarily in the residential consumer segment is a major factor restraining market growth over the forecast period. Further, limited customer choices paired with low service quality are among other challenges hindering market growth.
• Increasing number of business professionals who regularly travel for work related visits demand Wi-Fi to work during travel, which is estimated to catapult transportation Wi-Fi growth substantially over the coming years.
• Leading industry players include AT&T, Deutsche Telekom, Korea Telecom, Orange, Sprint Nextel, Telecom Italia, Telenor, Verizon, and T-Mobile.
Ameri Research has segmented the Voice Over Internet Protocol (VoIP) Market by material categories, product type, end-use and region:
Voice over Internet Protocol Market, by Access Type (Revenue, USD Billion)
Voice over Internet Protocol Market, by Medium (Revenue, USD Billion)
Voice over Internet Protocol Market, by User Type (Revenue, USD Billion)
• Small Medium Enterprises (SMEs)
• Large Enterprises
Voice over Internet Protocol Market, by Industry Vertical (Revenue, USD Billion)
• Media & Entertainment
Voice over Internet Protocol Market, by Region (Revenue, USD Billion)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
• Saudi Arabia
Browse Full Report @ www.ameriresearch.com/product/voice-over-internet-protocol-voip-market/
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