Press release
P Telephony Market Set to Surge - Key Insights You Must Know
IP Telephony Market SizeIn 2024, the global market size of IP Telephony was estimated to be worth US$ 3065 million and is forecast to reach approximately US$ 4406 million by 2031 with a CAGR of 5.4% during the forecast period 2025-2031.
The key players of global IP Telephony market includes Cisco, Avaya, Mitel, Polycom, Alcatel-Lucent and so on. In 2019, the top 5 companies accounted for a total market share of about 50%, among which Cisco is in the dominating position, with occupying nearly 13% of global market.
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By Type
• IP Telephony Hardware
• IP Telephony Software and Service
By Application
• BFSI
• IT & Telecommunication
• Retail
• Government
Key Companies
Cisco, Avaya, Mitel, Polycom, Alcatel-Lucent, Yealink, LogMeIn, Panasonic, Grandstream, NEC, Gigaset, D-Link, Escene, Fanvil, Snom
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