IP Telephony Market Evolving Technology, Trends and Industry Analysis & Forecast To 2027

Latest market study on "IP Telephony Market to 2027 by Component; Service; End Users - Global Analysis and Forecast", the IP Telephony market is estimated to account for US$ 25.26 Bn in 2017 and is anticipated to grow at a CAGR of 10.1% to account for US$ 63.47 Bn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The Key Players in The Global Market Are: 

Avaya INC.
Mitel Networks Corporation
NEC Corporation
MICROSOFT CORPORATION
Cisco Systems, Inc.
Panasonic Corporation
Yealink Inc.
Toshiba Corporation
Ascom Holding AG
Polycom, Inc.

In less than two decades the commercial internet has evolved into an indispensable and fundamental need of not only an individual but also of the organizations catering to global markets. Today population of nearly 2.5 Billion is connected to the internet, and by 2020 the count is anticipated to expand two folds. Having such widespread access to commerce, information, and communications the internet services have had a significant impression on myriad industries. Furthermore, the continued expansion of the digital economy is expected to raise the expectation of consumers resulting in uptake of advanced technologies supported by the internet.

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The report segments the global Market as follows:

By Component (Hardware, Software, and Services), Hardware (IP Desktop Phones, DECT Phones, and IP Conference Phones)
By Service (Installation & Maintenance, and Professional Services), Installation Type (Wired and Wireless): Enterprise Size (SME and Large Enterprises)
By End Users (Residential, Corporate and Governmental Organization)

The market for IP Telephony is segmented on the basis of the component, which comprises of hardware, software, and services. The hardware segment further comprises of IP Desktop Phones, DECT Phones, IP Conference Phones, and other IP Phones. The softphone segment focuses on software-based IP phones, whereas the services segment is grounded on installation & maintenance, and Professional services. The market by the installation is segmented into wired & wireless, whereas by enterprise size it is segment into SME (having less than 500 employees) and large enterprises (More than 500 employees).

In our research report, we have considered, end users segment which includes Residential, Corporate, and Government sectors. Looking at the competitively transforming internet telephony landscape the development of more reliable and cost- effective communications solutions is expected to provide the market to barge into the corporate sector and attain significant penetration in the coming years. Next step in respect to evolution of networking for the businesses is one network i.e., converged network which is responsible to handle transmissions of video, data, and voice along with high quality.

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There has been constant development in applicant tracking system market. Recently, Panasonic Corporation launched next- generation IP- based communications server for growing enterprises. Also, Yealink Inc. released its new DECT IP phone product W53P, introduced a new huddle room video conferencing solution, the VC200, and released V32, the latest software update to Yealink second- generation video conferencing system and endpoints.

This Study Report Offers Following Objectives:

1.Conjecture and examination of the worldwide IP Telephony Market deals, share, worth, status and figure

2.Break down the local just as nation level portions, share development for Global Keyword

3.Investigation of Global Keyword industry-driving makers/players.

4.Characterize and investigate the market rivalry scene, SWOT examination.

5.Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.

6.Examination of the IP Telephony Market by Type, by Application/end clients and district insightful.

7.Estimate and investigation of the Global IP Telephony Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.

8.Investigate the critical driving elements, patterns which confine market development.

9.Portray the partner's chances in the market by recognizing the high development fragments.   

Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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This release was published on openPR.