openPR Logo
Press release

Global VoIP Services Market to Record an Impressive Growth Rate US$ 194.5 Bn by 2024

11-16-2016 01:35 PM CET | IT, New Media & Software

Press release from: Persistence Market Research PVT. LTD.

Global VoIP services market is mainly driven by factors such as low maintenance cost with higher flexibility and minimum staff support, along with wider connectivity, increasing internet penetration in semi-urban and satellite cities as the internet is a basic tool and a global platform to make a business grow fast and in a more economical way. However, factors such as fluctuations in internet quality may affect market growth and can be a prominent restraint. During peak hours, the network may be congested due to many subscribers using internet services in a locality through single-cable network line and unsatisfactory contract proposals are some of the major factors expected to restrain growth of the global VoIP services market during the forecast period.

Request for Sample Copy of Report @ http://www.persistencemarketresearch.com/samples/4710

According to the latest market report published by Persistence Market Research titled, “Global Market Study on VoIP Services: Increasing Hybrid Cloud Communications in Small and Large Enterprises to Drive Market Growth over the Forecast Period, 2016 - 2024,” the global VoIP services market was valued at US$ 85.9 Bn in 2015 and is anticipated to increase at a CAGR of 9.5% over 2016 - 2024, to reach US$ 194.5 Bn by 2024.

The global VoIP services market is anticipated to increase at a CAGR of 9.5% in terms of revenue over 2016–2024, to be valued at US$ 194.5 Bn by 2024.

In this report, the global VoIP services market has been segmented on the basis of call type, end use, configuration, services, and region. The APAC VoIP services market is expected to account for the highest market value share in the global VoIP services market by 2024 end, followed by Europe. The Latin America VoIP services market is expected to be the fastest growing market over the forecast period. Growth of the Europe VoIP services market is primarily attributed to the introduction of a large number of small and medium-sized enterprises. Also, expansion of the unified communication market in Belgium is expected to support growth of the VoIP service market in Europe over the forecast period. The VoIP services market in Europe is expected to increase at a CAGR of 8.4% in terms of value over the forecast period.

The North America VoIP services market is expected to witness moderate growth over the forecast period; it accounted for 27.0% value share of the overall market in 2015 and is expected to register a moderate CAGR of 8.5% in terms of value over the forecast period. Increasing adoption of bring your own device (BYOD) policy is a major factor expected to drive growth of the VoIP services market in North America.

The report provides detailed information about various market trends and offers analysis and insights about the potential of the global VoIP services market. Furthermore, the VoIP services market is segmented on the basis of call type into international long-distance VoIP calls and domestic VoIP calls. International long-distance VoIP services segment is estimated to be the highest contributor to the global VoIP services market in terms of value share by 2016 end, followed by domestic VoIP call segment.

Request for Table of content @ http://www.persistencemarketresearch.com/market-research/voip-services-market/toc

The VoIP services market has also been segmented on the basis of end use into Individual User and Corporate User. Individual User segment is expected to be the fastest growing segment in the end-use category over the forecast period. The segment is expected to increase at a CAGR of 9.2% over the forecast period in terms of revenue.

Key players in the global VoIP services market include Vonage Holdings Corporation, 8x8 Inc., ShoreTel Nextiva Inc., RingCentral Inc., West Corporation, Verizon Communications Inc., Thinking Phone Networks, Inc., Inphonex LLC, and Phone Power LLC.

About Us
Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

For information regarding permissions, contact:

Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Website: http://www.persistencemarketresearch.com/
media@persistencemarketresearch.com

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 Global VoIP Services Market to Record an Impressive Growth Rate US$ 194.5 Bn by 2024 here

News-ID: 383193 • Views: 768

More Releases from Persistence Market Research PVT. LTD.

Shock Detector Market Revenue and Value Chain 2018-2028
Shock Detector A Shock Detector, also referred to as an impact monitor or a shock overload device, senses and indicates if a physical impact or shock has been experienced by a specimen. Such detectors are installed on fragile shipments to indicate whether a potentially disfiguring impact or drop may have occurred during transit. Now-a-days, in various sports, such as rugby, Shock Detectors are sometimes integrated in players’ helmets to confirm if an
Cloud Advertising Market to Witness an Outstanding Growth During 2016 – 2022
One of the reasons that internet has expanded as swiftly as it has can be attributed to the remarkable growth of e-commerce. Consumers now prefer to shop for everything from clothes to vehicles on the internet. In order to tap into this exploding market, organizations have progressively moved more of their efforts online. The entire business model of e-commerce giants like Amazon are based on cloud marketing; utilizing the tools
Research Focused on the Eubiotics Market Forecast up to 2020
Eubiotics refers to the products that are used for maintaining optimal balance of microflora (eubiosis) in the gastrointestinal tract. It is essential for producing well-nourished animals. Eubiotics help in proper nutrient absorption required for normal working of the body. Rise in demand for animal protein products, ban on use of antibiotics and increasing living standards are the main driving forces for the growth of eubiotics market. On the basis of
Comprehensive Industry Report Offers Forecast and Analysis on Kelp Market 2017 …
Kelp is a type of seaweed or algae that grow in shallow, nutrient-rich saltwater, and near coastal fronts. Kelp is found mainly in kelp forests and can grow up to half a meter a day, ultimately reaching heights of 30 to 80 meters. Kelp forests are described as one of the most ecologically productive and biologically diverse habitats globally. Kelp is also known as super food for its high nutrient

All 5 Releases


More Releases for VoIP

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
Global VoIP Market 2019 -
VoIP is a system that has a group of technology that enables you to make voice calls utilizing a broadband Internet connection rather than a telephone line. VoIP uses IP(internet protocol) packets for transmission instead of circuit-switched network.VoIP permits present day interchanges innovations (including phones, cell phones, voice and video conferencing, email, and nearness discovery) to be merged utilizing a single unified communications system. The Global VoIP Market 2018
What the ... VoIP Gateway?
Was genau macht ein Voice-over-IP Gateway? Warum erhöht ein Gateway die Ausfallsicherheit meines Netzwerks? ... und wer braucht das schon und vor allem wofür? Ein Gateway ist einfach ausgedrückt eine physische Konvertierungsmaschine. Konvertiert wird herkömmliche telefonische Kommunikation (im Fachjargon: TDM TelefonTraffic = Time Division Multiplexing Traffic) in IP-Pakete (IP steht für Internet Protocol – also „internetfähige Pakete“) zur Übermittlung über ein Datennetzwerk bzw. vice versa digitale IP-Pakete in TDM Kommunikation für den Transport
Polish VoIP market 2010
Over the past two years, falling fixed telephony prices and the prominence of fixed mobile substitution have not managed to hinder the development of internet telephony. This was particularly notable in small and medium enterprises segment, where VoIP technology is used most because it is easy to integrate VoIP telephony with IT systems alongside the dropping prices. On the other hand, growth in the individual clients segment was most visible
VoIP in Poland
At the end of 2008 the Polish VoIP telephony market was worth PLN 440m, with CaTV operators having generated the largest share of revenue in the segment. In recent years also fixed-line operators have included VoIP services into their offer. According to research and consulting company PMR Polish VoIP market continues to represent a small share of the fixed-line telecommunications market. In 2008 it accounted for approximately five percent of the