Press release
VoIP Services Market is anticipated to reach US$ 194.5 Bn by 2024 end
Enterprises are also expanding, this expansion is expected to drive the demand for an efficient communication system. One of the major factors driving the growth of the global VoIP services market is the increasing adoption of Bring Your Own Device Policy (BYOD) in the companies. BYOD include laptop, tablets, and smartphones. Meanwhile, companies are also developing mobile applications that can work with Microsoft Excel, Word, and PowerPoint.
Request for Free Sample Report of "VOIP Services" Market@ https://www.persistencemarketresearch.com/samples/4710
Significant growth in the VoIP services can also be attributed to the increasing usage of advanced portable devices such as phablets. With smartphones replacing computers, companies are focusing on developing VoIP software that can integrate with mobile-specific software and application.
According to the Persistence Market Research, the global market for VoIP services is anticipated to see a strong growth during 2017-2024. By the end of the forecast period, the global VoIP services market is projected to surpass US$190 Billion revenue.
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/4710
International Long Distance VoIP Calls to Witness Highest Growth in the Global VoIP Services Market
Based on the call type, compared to the domestic VoIP call, international long distance VoIP calls are likely to witness significant growth during 2017-2024. By the end of 2024, international long distance VoIP calls are projected to surpass US$ 120 Billion revenue.
On the basis of service type, Managed IP PBX service is expected to account for the highest share in the global market for VoIP services. Managed IP PBX service is estimated to bring in more than US$ 80 Billion in revenue towards the end of 2024.
Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/4710
Based on the configuration, computer-to-phone is likely to witness the highest growth between 2017 and 2024. Computer-to-phone is also projected to bring in more than US$ 100 Billion revenue by 2024 end.
In terms of end users, a corporate user is likely to emerge as the largest user of VoIP services during 2017-2024. By the end of 2024, corporate users are estimated to exceed US$ 120 Billion revenue.
Asia Pacific to Lead the Global Market for VoIP Services
Geographically, Asia Pacific (APAC) is expected to dominate the global VoIP services market during the forecast period from 2017 to 2024. By 2024 end, APAC is projected to reach close to US$ 100 Billion revenue. The rapid development of network infrastructure and rise in the adoption of 3G and 4G network is driving the demand for VoIP services market.
Complete Report Details@ https://www.persistencemarketresearch.com/market-research/voip-services-market.asp
Leading Companies in the Global VoIP Services Market
Some of the leading companies in the Global VoIP Services Market are 8x8 Inc., RingCentral Inc., Vonage Holdings Corporation, West Corporation, Microsoft Corporation, Nextiva Inc., Verizon Communications Inc., Inphonex LLC, Thinking Phone Networks, Inc., ShoreTel, and Phone Power LLC.
Related Reports:
Vehicle To Infrastructure Communication Market - https://www.persistencemarketresearch.com/market-research/vehicle-to-infrastructure-communication-market.asp
Public Safety Lte And Mobile Broadband Market - https://www.persistencemarketresearch.com/market-research/public-safety-lte-and-mobile-broadband-market.asp
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release VoIP Services Market is anticipated to reach US$ 194.5 Bn by 2024 end here
News-ID: 2710379 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for VoIP
VoIP for Business UK - VoIP Experts
VoIP Experts are currently the world's fastest developing business and is also a top service provider. VoIP for business is an ideal alternative for employers and employees that require a reliable phone conversation and communication system. VoIP always sells crystal clear calls and has a wider frequency range. By choosing VoIP service, you can achieve your goals by spending half of your time. VoIP experts offer one of the best…
Mobile VoIP Market to Witness Notable Growth by 2027 | VoIP Office, RingCentral, …
Comprehensive business-related information is covered in the Mobile VoIP market report such as price level, market trend, demand, supply and price index. It provides only market related data. It does not include any personal data. Another main goal of Mobile VoIP market report is forecasting of future market trends according to current condition of the market. It greatly focuses on business forecast and depicts the future market growth of period…
Vindaloo VoIP Announced to Offer VoIP Solution Development Services
Vindaloo VoIP Solutions Pvt. Ltd (VSPL) is a leading IT company. The spokesperson of the company has made an announcement that the company provides VoIP development services. The company has a team of expert VoIP developers that has years of experience. The spokesperson of the company has announced to offer VoIP development services with the help of their team of VoIP experts.
The company will provide VoIP development services to build…
Vindaloo VoIP Launched VinSwitch – Hybrid VoIP Softswitch
Vindaloo VoIP Solutions Pvt. Ltd (VSPL) has launched its product, called, VinSwitch. The VinSwitch is a hybrid VoIP softswitch solution. It is ready to use and developed by the expert VoIP developers who knows how to build the most robust and reliable VoIP softswitch.
The VinSwitch: VoIP softswitch solution has all major features of a class 4 softswitch solution aka a wholesale softswitch solution as well as a class 5 softswitch…
Vindaloo VoIP Announced Class 5 Softswitch Development for VoIP Service Provider …
A renowned name in the field of VoIP, Vindaloo VoIP solutions Pvt. Ltd., provides top-notch technological solutions to its clients all over the world. With their main focus on VoIP technologies, they offer innovative solutions to both small and medium-sized businesses. Their client-centric approach has made them a favorite among their clients. They have a team of qualified professionals who have years of experience working in the telecom industry. Their…
VOIP Services Market: VOIP technology to have high capital expenditure for impro …
Scope and Regional Forecast of the VOIP Services Market:
According to the IndustryARC research analysis studies on the VOIP Services Market, Computer to Phone communication had the largest share of revenue in 2015. Phone to Phone is expected to witness the highest growth in CAGR during 2016-2021.
Europe is the dominating region for the VOIP Services Market closely followed by Asia Pacific, owing to high use of IP telephony and VOIP…
