VoIP Market Growth to Reach USD 105.50 Billion by 2030, with a Robust 15% CAGR from 2024 to 2030

𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

The global Voice Over Internet Protocol (VoIP) market is experiencing rapid growth, driven by technological innovations and strategic mergers and acquisitions (M&As). With a growing emphasis on digital communications, VoIP services are becoming essential for businesses and consumers alike. This press release delves into the latest market trends, M&As, and key developments across various regions, including Vietnam, Thailand, Singapore, Japan, South Korea, European countries, and the United States.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐕𝐨𝐈𝐏 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭

The VoIP market is anticipated to reach unprecedented levels of growth by 2030. According to recent reports, the market is projected to experience a CAGR of 9.3% from 2024 to 2030. Increasing adoption of cloud-based communication services, the shift towards remote working, and the rising demand for affordable and scalable communication solutions are some of the primary drivers of this expansion.

𝐅𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐋𝐢𝐧𝐤:https://www.maximizemarketresearch.com/request-sample/55029/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 & 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐕𝐨𝐈𝐏 𝐌𝐚𝐫𝐤𝐞𝐭

Several strategic mergers and acquisitions are shaping the competitive landscape of the global VoIP industry. Companies across different regions are joining forces to expand their technological capabilities, enhance service offerings, and tap into new markets.

Vietnam: Local VoIP provider Viettel has announced its acquisition of several smaller VoIP players, enabling it to provide more robust communication solutions for businesses in the region. The government is also expected to introduce regulatory reforms to foster market growth.

Thailand: True Corporation has acquired the VoIP services of DTAC in a bid to improve its position in Southeast Asia's growing communication market. The acquisition is expected to enable True Corporation to provide better cost-effective VoIP services for enterprises.

Singapore: StarHub, a leading telecom company in Singapore, recently acquired Comverse Technology, a VoIP software provider, allowing it to offer comprehensive VoIP solutions across the Asia-Pacific region. This acquisition positions StarHub as a major player in the global market.

Japan: NTT Communications has formed a strategic partnership with NEC to integrate AI-driven capabilities into its VoIP services. This joint venture aims to enhance both enterprise and consumer VoIP applications, particularly in the realm of customer service automation.

South Korea: KT Corporation has expanded its VoIP service portfolio by acquiring several regional players, including Hanaro Telecom, to boost its position in the international market, particularly focusing on the corporate sector.

European Market: In Europe, Vodafone has recently finalized a deal to acquire Sky Group's VoIP division, enhancing its capabilities in providing high-quality communication services to customers. This acquisition is part of Vodafone's strategic plan to expand its enterprise offerings.

United States: In the US, RingCentral has made a significant acquisition of OnSIP, a leader in VoIP-based communication systems for businesses. This acquisition strengthens RingCentral's presence in the North American market and enhances its ability to provide fully integrated cloud-based communication solutions.

𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐥𝐢𝐧𝐤:https://www.maximizemarketresearch.com/request-sample/55029/

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

Vietnam and Thailand: Vietnam's VoIP market is gaining traction due to growing digital infrastructure and government support for tech startups. Meanwhile, Thailand is also making significant strides with increasing internet penetration and the demand for affordable communication solutions, especially for businesses.

Singapore and Japan: Singapore's regulatory environment, coupled with its advanced technology sector, makes it a key player in the global VoIP market. Meanwhile, Japan's VoIP market is heavily influenced by the country's technological advancements in artificial intelligence and 5G networks.

South Korea: The South Korean VoIP market is expanding due to increased demand for mobile VoIP services, fueled by the country's fast-growing 5G networks. VoIP technology is becoming more integrated into corporate solutions, with a focus on secure communications.

European Market: Europe is experiencing steady growth in the VoIP sector, with leading companies like Deutsche Telekom, Orange, and Telefónica investing heavily in VoIP innovations. The European Union's regulatory framework is also evolving to ensure better connectivity and more affordable solutions.

United States: The US remains a leader in the global VoIP market, with companies such as Twilio, Vonage, and Zoom Video Communications pushing the envelope in VoIP technology and innovations. The country is also seeing an uptick in enterprise adoption of cloud-based VoIP solutions.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 @https://www.maximizemarketresearch.com/request-sample/55029/

𝐕𝐨𝐢𝐜𝐞 𝐎𝐯𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐏𝐫𝐨𝐭𝐨𝐜𝐨𝐥 (𝐕𝐨𝐈𝐏) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐲𝐩𝐞

Phone To Phone
Computer To Computer
Computer To Phone

𝐛𝐲 𝐓𝐲𝐩𝐞

Integrated Access/Session Initiation Protocol (SIP) Trunking
Managed IP PBX
Hosted IP PBX

𝐛𝐲 𝐌𝐞𝐝𝐢𝐮𝐦

Mobile
Fixed

𝐛𝐲 𝐔𝐬𝐞𝐫 𝐓𝐲𝐩𝐞

Individual Consumers
SMBs
Large Enterprises

𝐛𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥

Healthcare
BFSI
Retail
Hospitality
Government
Education
Transportation
Media And Entertainment
Military And Defence
Others

𝐓𝐨 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞:https://www.maximizemarketresearch.com/market-report/global-voice-over-internet-protocol-voip-market/55029/

Voice Over Internet Protocol (VoIP) Market Key Players

1.AT&T
2. Orange S.A.
3. Verizon
4. Telecom Italia
5. Deutsche Telekom AG
6. KT (Korea Telecom) Corporation
7. T-Mobile USA, Inc.
8. Vonage Citrix
9. Microsoft Corporation
10. Telenor
11. Alcatel Lucent
12. Cisco
13. Ribbon Communication
14. Huawei
15. Orange
16. Telenor

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