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Voice Over Internet Protocol (VoIP) Market Size, Share | Industry Report 2024

10-03-2019 08:42 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ameri Research Inc.

Voice Over Internet Protocol (VoIP) Market

Voice Over Internet Protocol (VoIP) Market

The global Voice over Internet Protocol (VoIP) market was valued at $43.3 bn in 2016 and is forecast to grow at a robust CAGR of 10.2% between 2017 and 2024, culminating to global revenue of $93.9 bn by 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.

Click the link below to view the report description:
www.ameriresearch.com/product/voice-over-internet-protocol-voip-market/
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:

Market Segmentation

Voice over Internet Protocol Market, by Access Type (Revenue, USD Billion)
• Phone-To-Phone
• Computer-To-Computer
• Computer-To-Phone

Voice over Internet Protocol Market, by Medium (Revenue, USD Billion)
• Mobile
• Fixed

Voice over Internet Protocol Market, by User Type (Revenue, USD Billion)
• Domestic
• Corporate
• Small Medium Enterprises (SMEs)
• Large Enterprises

Voice over Internet Protocol Market, by Industry Vertical (Revenue, USD Billion)
• BFSI
• Retail
• Healthcare
• Education
• Government
• Media & Entertainment
• Others

Voice over Internet Protocol Market, by Region (Revenue, USD Billion)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Colombia
• Middle East & Africa
• Saudi Arabia
• UAE

Browse Full Report @ www.ameriresearch.com/product/voice-over-internet-protocol-voip-market/

Contact Us:
Ameri Research Inc.
6816 Muncaster Ct,
Tampa, FL 33625
United States.
Tel: 1-813-666-0858
Email: Inquiry@ameriresearch.com
Web: www.ameriresearch.com

About Us:
Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-

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Developing a culture of collaboration and curiosity, we attract the highest caliber of likeminded people having ability to influence and shape the future.

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