IP Telephony Market To Rise at CAGR of 9% Through 2023| (SARS-CoV-2, Covid-19 Analysis)

Global IP Telephony Market Research Report: By Component (Hardware, Service), By Organization Size (Smes, Large Enterprises), Connectivity (Wired, Wireless), Vertical (BFSI, IT & Telecommunication, Retail, Government) – Forecast Till 2023

MRFR’s list of prominent players functioning in the global IP telephony market includes; Avaya Inc. (U.S.), Ascom Holding AG (Switzerland), Gigaset Communications (Germany), Cisco Systems, Inc. (U.S.), Mitel Networks Corporation (Canada), LG Electronics Inc. (South Korea), Polycom Inc. (U.S.), Panasonic Corporation (Japan), NEC Corporation (Japan), Yealink Inc. (China), Grandstream Networks, Inc. (U.S.), and others. Intensifying competition among key players can work in favor of the global IP telephony market. In addition, the launch of innovations, and a rise in the demand for softphones are expected to surge the market.

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Market Overview

The better connectivity and mobility offered by IP telephony is likely to cause its market to thrive at about 9% CAGR across the forecast period (2017 to 2023). The use of IP packet-switched connections over the traditionally used dedicated circuit-switched connection of PSTN, to exchange information in from of call, fax, and others, is making communication faster. This is resulting in increased adoption of IP telephony across different sectors, which is causing an escalation in the market value. As per MRFR analysis, the IP telephony market is likely to value at nearly USD 52 billion by 2023. IP telephony makes communication improves connectivity and mobility, backed by the internet. This also allows transmission of data practically anywhere in the networking. These causes are likely to be responsible for the global market of IP telephony to surge. The ease of configuration and installation and the cost-effectiveness are factors that are expected to spur the IP telephony market growth. IP telephony eliminated the need for physical phone connections. This curb down manual error and the risk of costly problems. Thereby, making it economical for different verticals.

Intended Audience

Technology Investors
Research/Consultancy Firms
Government Bodies
Consulting Service Providers
Technology Providers
System Integrators
Service Providers
Cloud Platform Providers
Mobile Application Developers
Communication Service Providers (CSPs)
Segmental Outline

The global market of IP telephony market is studied by component, connectivity, organization size, and vertical. Hardware, services, and softphones are the component-based segments of the global IP telephony market. The hardware segment comprises audio conference phones, IP desktop phones, and DECT phones. The services segment comprises professional services and managed services. Key players are making efforts to launch innovations, which is expected to spur the market growth. By the size of an organization, the market study is divided into large enterprises and SMEs. The increase in SMEs and startups are likely to impel the market. The vertical parameter segments the market into manufacturing, BFSI, healthcare, retail, IT & telecommunication, government, and others. The growing need for reliable, fast, and effective connections across different sectors is likely to support the expansion of the market.

Regional Outlook

The IP telephony market in the North America region is expected to lead in the global market. The presence of multiple providers of VoIP services and solutions and their collaboration to offer advanced innovations to people is expected to contribute significantly to the expansion of the regional IP telephony market. The prompt in the adoption of hosted telephony is noted to cause the IP telephony market in North America to attain substantial valuation in years to come. In the Asia Pacific region, the market is expected to expand at a high pace. The availability of numerous telecommunication provider is likely to offer thrust to the APAC IP telephony market. The increase in the adoption of IP telephony communication solution across SMEs and large enterprises in the region is expected to propel the regional market. In Europe, the IP telephony market is expected to gain momentum in the near future. It is due to an increase in research and development undertakings in the IT and telecommunication sector. New innovations, such as UCaaS services, launched in Europe is likely to boost the regional market growth in the foreseeable future.

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Global IP Telephony Market

5 Industry Overview Of Global IP Telephony Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges

6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis

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LIST OF TABLES

Table 1 Global IP Telephony Market: By Region, 2017-2023
Table 2 North America IP Telephony Market: By Country, 2017-2023
Table 3 Europe IP Telephony Market: By Country, 2017-2023
Table 4 Asia Pacific IP Telephony Market: By Country, 2017-2023
Table 5 The Middle East & Africa IP Telephony Market: By Country, 2017-2023
Table 6 Latin America IP Telephony Market: By Country, 2017-2023
Table 7 Global IP Telephony By Component Market: By Regions, 2017-2023
Table 8 North America IP Telephony By Component Market: By Country, 2017-2023

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LIST OF FIGURES

FIGURE 1 Global IP Telephony Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global IP Telephony Market
FIGURE 4 Value Chain Of Global IP Telephony Market
FIGURE 5 Share Of Global IP Telephony Market In 2017, By Country (In %)
FIGURE 6 Global IP Telephony Market, 2017-2023,
FIGURE 7 Sub Segments Of Component

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