Press release
Global Telephony Application Server Market Projected to Surpass $11.57 Billion by 2029 with 8% Annual Growth
Telephony Application Server Market Size
In recent times, the market size for telephony application servers has experienced substantial growth. The forecast predicts an increase from $7.71 billion in 2024 to $8.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%. Factors contributing to the historical growth include expansion of the e-commerce sector, growing demand for high-level communication, rise in use of cloud-based services, increment in data traffic, and the advent of 5g technology.
The market for telephony application servers is set to experience significant expansion in the coming years. It's projected to increase to $11.57 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.4%. The anticipated surge during this projection period is due to the rise of digital transformation, an increase in robust telephony solutions demand, growing acceptance of unified communications, elevated traction of remote work models, and an upswing in mobile and web applications. Key trends for this forecast period involve an emphasis on cutting-edge technologies, encouragement of voice over internet protocol (VoIP), progression of sophisticated solutions such as microservices architecture, AI and automation adoption, progression in network function virtualization (NFV), and strategic collaborations among market stakeholders.
What Is Contributing to the Growth of the Telephony Application Server Market?
The upward trend in digital transformation is anticipated to fuel the expansion of the telephony application server market. Digital transformation is the process of incorporating digital technology into every facet of business operations, fundamentally altering the way organizations function and provide value to consumers. The surge in digital transformation is due to businesses' desire to augment efficiency, better customer assistance, and maintain competitiveness in an increasingly digital world. Digital transformation augments telephony application servers by authorizing advanced capabilities such as cloud integration, scalability, and superior analytics, enhancing overall communication efficiency and flexibility. For instance, as per the Australian Bureau of Statistics, a governmental body based in Australia, in October 2023, the country's digital activity advanced by 8.6%, reaching $10.9 billion, while the overall Australian economy grew by 11.7%. Every aspect of digital activity witnessed growth during this period. Remarkably, the e-commerce retail sector saw a 12.6% boost in 2021-22, after a remarkable 41.8% ascension in the preceding year. Consequently, the burgeoning digital transformation is propelling the expansion of the telephony application server market.
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Which Key Market Leaders Are Driving Telephony Application Server Industry Growth?
Major companies operating in the telephony application server market are Microsoft Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, The Hewlett Packard Enterprise Company, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Fujitsu Limited, NEC Corporation, Adobe Inc., Avaya Holdings Corp., Ribbon Communications Inc., Sangoma Technologies Corporation, Squire Technologies Ltd, Dialogic Group Inc., CreaLog Software-Entwicklung und Beratung GmbH, Mobius Software, PAiC BD
What Are the Major Trends Shaping the Telephony Application Server Market?
Leading firms in the telephony application server market are placing more emphasis on high-tech, cloud-native IMS voice core products to scale up, cut expenses, and provide more adaptable communication options. The term cloud-native IMS voice core products are a reference to scalable, versatile communication solutions specifically designed for cloud platforms, supporting VoIP and additional multimedia services through the IMS framework. For instance, in May 2022, Nokia Corporation, a communication and information technology company based in Finland, introduced the Cloud Native Communication Suite (CNCS). This innovative cloud-native IMS voice core product aims to make network operations easier for communication service providers (CSPs). This sophisticated solution consolidates various 3GPP standard functionalities into a singular cloud-native network function (CNF), simplifying deployment and operational oversight.
What Are the Main Segments in the Telephony Application Server Market?
The telephony application server market covered in this report is segmented -
1) By Type: Software; Service
2) By Application: Unified Communications (UC); Voice Over Internet Protocol (VoIP); Internet Protocol (IP) Telephony; Cloud Communications; Business Phone Systems; Contact Center Solutions
3) By End User: Education; Banking, Financial Services And Insurance (BFSI); Manufacturing; Healthcare; Defense; Retail And E-Commerce; Media And Entertainment; Information Technology (IT) And Telecom; Oil And Gas; Other End Users
Subsegments:
1) By Software: Cloud-Based Telephony Application Servers; On-Premises Telephony Application Servers; Unified Communication Software
2) By Service: Installation and Configuration Services; Maintenance and Support Services; Consulting and Integration Services
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Which Geographic Area Leads the Telephony Application Server Market?
North America was the largest region in the telephony application server market in 2024. The regions covered in the telephony application server market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Telephony Application Server Global Market Report?
- Market Size Analysis: Analyze the telephony application server Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the telephony application server Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall telephony application server market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the telephony application server market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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