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Voice Over Internet Protocol Market (2023 to 2032) - Industry Analysis, Size, Share, Growth, Trends and Forecasts
Voice Over Internet Protocol Global Market
Voice Over Internet Protocol Market Size, Growth Rate, And Forecast
The global voice over internet protocol (VoIP) market size grew from $106.62 billion in 2022 to $120.38 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The voice over internet protocol (VoIP) market size is expected to grow to $207.77 billion in 2027 at a CAGR of 14.6%.
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Voice Over Internet Protocol Market Drivers
The growing adoption of 5G technology is expected to drive the growth of the voice over internet protocol (VoIP) market in the coming years. 5G provides faster transmissions, lower latency, and the ability to connect a larger number of devices by providing gigabyte rates, which will provide enough bandwidth for VoIP.
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Voice Over Internet Protocol Market Segments
1) By Type: Integrated Access Or Session Initiation Protocol (SIP) Trunking, Managed IP PBX, Hosted IP PBX
2) By Access Type: Phone To Phone, Computer To Computer, Computer To Phone
3) By Call Type: International VoIP Calls, Domestic VoIP Calls
4) By Medium: Fixed, Mobile
5) By End User: Consumers, Small And Medium Businesses, Large Enterprises
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Voice Over Internet Protocol market.
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Voice Over Internet Protocol Market Key Players
Major competitors in the Voice Over Internet Protocol market include Verizon Communications, Comcast, Orange S.A., AT&T, Charter Communications, Vonage, Altice USA Inc., Telmex, Time Warner Cable, Numericable
The Table Of Content For The Voice Over Internet Protocol Market Include:
1. Executive Summary
2. Voice over Internet Protocol (VoIP) Market Characteristics
3. Voice over Internet Protocol (VoIP) Market Trends And Strategies
4. Voice over Internet Protocol (VoIP) Market - Macro Economic Scenario
5. Voice over Internet Protocol (VoIP) Market Size And Growth
……
27. Voice over Internet Protocol (VoIP) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Voice over Internet Protocol (VoIP) Market
29. Voice over Internet Protocol (VoIP) Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Voice Over Internet Protocol Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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