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What's Driving the Voice over Internet Protocol Market Trends? 8x8, Alcatel-Lucent Enterprise, AT&T, Avaya, Cisco, Deutsche Telekom, Google, Huawei, Microsoft

What's Driving the Voice over Internet Protocol Market Trends?

The voice over internet protocol market has garnered major share in developed nations owing to presence of high-speed broadband infrastructures which eliminate the need for maintaining a separate telecommunications network. In addition to making voice calls, VoIP can also conduct video conferencing calls, eventually allowing businesses to visually communicate with co-workers and clients to discuss deals, files, documents and agendas more effectively.

VoIP makes recording calls more efficient and easier, further enabling companies to integrate different communication services into a single device or software. With rapid technological advancements and recent innovations, VoIP market outlook has witnessed an immense transformation lately. For instance, in 2019, caller ID app Truecaller announced the beta-testing of its new app feature that allows users to make voice calls over IP. With such advancements, VoIP market trends are likely to expand and the industry players may garner a huge customer base, thereby augmenting business growth over the forecast period.

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Voice over Internet Protocol market share is slated to record significant gains from the international VoIP call segment. Demand for international VoIP calling services is estimated to increase exponentially over coming years, on account of its low-cost service offering. Several affordable international calling plans are being offered by VoIP service providers that allow organizations to conduct business across borders at low calling rates. Credible reports also estimate international VoIP calls market to hold major share of over 50% by 2025.

Say for example, the California-based CyberData Corporation, a notable North America voice over internet protocol market contender, recently declared that it has expanded its range of innovative VoIP endpoints with the release of four all-new devices for SIP- and InformaCast-driven environments enabling audio and visual alerting. These devices include, Singlewire's InformaCast-enabled Outdoor RGB Multi-Color Strobe, the Outdoor Auxiliary Strobe Kit, the SIP Outdoor RGB Strobe, and the SIP Outdoor Call Button. Apparently, these devices can be deployed across playgrounds, garages, parking lots, safe houses, shelters, and more, and are known to feature TLS 1.2 for enhanced security.

Driven by the presence of an advanced telecom infrastructure and the paradigm shift from traditional networks to cloud-based telephony, North America is anticipated to remain a dominant region in the global VoIP market. Indeed, as per estimates, North America is slated to capture 40% of the global VoIP industry share by 2025.

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Targeted to revolutionize enterprise communication, VoIP has emerged as one of the most sought-after technologies for organizations to help them streamline communication channels and enhance productivity at lesser costs. In recent times, WebRTC (Web Real Time Communication) has cropped up to be another technology that is expected to revolutionize the future of the voice over internet protocol market.

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