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Voice over Internet Protocol (VoIP) Market Analysis 2023-2032: Emerging Trends, Global Outlook, Growth Strategy And Major Players | Verizon Communications, Comcast, Orange S.A., AT&T, Charter Communications
Voice over Internet Protocol (VoIP) Market
The Business Research Company's Voice over Internet Protocol (VoIP) Global Market Report 2023 identifies growing adoption of 5G technology as the major driver for the Voice over Internet Protocol (VoIP) Market's growth in the forecast period. 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. As a result, a growing number of businesses are switching to VoIP to replace their outdated PSTN phone systems. Switching to VoIP improves call quality and dependability while lowering call and infrastructure costs significantly.
The global voice over internet protocol (VoIP) market size will grow 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 market size of the voice over internet protocol (VoIP) is expected to grow to $207.77 billion in 2027 at a CAGR of 14.6%.
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Major competitors in the voice over internet protocol (VoIP) market are Verizon Communications, Comcast, Orange S.A., AT&T, Charter Communications, Vonage, Altice USA Inc., Telmex, Time Warner Cable, Numericable, Cox Communications, Rogers Communications, Sprint Corporation, TalkTalk Group, RingCentral, Patton Electronics, San Antonio Telephone Co., and OneVoice Communications Inc.
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https://www.thebusinessresearchcompany.com/report/voice-over-internet-protocol-global-market-report
The Voice over Internet Protocol (VoIP) Market is segmented -
By Type: Integrated Access Or Session Initiation Protocol (SIP) Trunking, Managed IP PBX, Hosted IP PBX
By Access Type: Phone To Phone, Computer To Computer, Computer To Phone
By Call Type: International VoIP Calls, Domestic VoIP Calls
By Medium: Fixed, Mobile
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-Pacific was the largest region in the Voice over Internet Protocol (VoIP) Market.
The Business Research Company's "Global Voice over Internet Protocol (VoIP) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Voice over Internet Protocol (VoIP) 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
……
26. Africa Voice over Internet Protocol (VoIP) Market
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
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