Voice over Internet Protocol (VoIP) Market | Future Innovations, Growth Elements, and Recent Development by 2029

The global voice over internet protocol (VoIP) market is driven by rise in awareness about benefits of VoIP technology and enhanced audio & visual communication experience.

Moreover, rise in popularity of innovative and user-friendly applications, such as Viber, Line, Skype, and WhatsApp, fuel the market growth. However, low acceptance of VoIP services by the public and limited accessibility of high-speed networks restrain this growth.

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Furthermore, continuous technological advancements and surge in investment on R&D activities to develop technologically advanced solutions are expected to present various opportunities for market expansion.

The global voice over internet protocol (VoIP) market is segmented on the basis of call type, service, end user, and region. Based on call type, it is divided into international VoIP and domestic VoIP calls interactive assessments.

Based on service, it is categorized into hosted business IP PBX, SIP trunking, managed IP PBX, and other services. The end user segment is bifurcated into corporate and individual users.

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Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global voice over internet protocol (VoIP) market is dominated by key players such as AT&T, Orange S.A., Verizon, Telecom Italia, Deutsche Telekom AG, KT (Korea Telecom) Corporation, T-Mobile US, Inc., Vonage Citrix, Microsoft Corporation, and Telenor.

KEY BENEFITS FOR STAKEHOLDERS:

• The study provides an in-depth analysis of the global voice over internet protocol (VoIP) market and current & future trends to elucidate the imminent investment pockets.

• Information about the key drivers, restraints, and opportunities and their impact analysis on the market size are provided.

• Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

• The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.

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