IP Phones Market | Global Industry Segments, Size, Share, Growth, Top Key Players and Trends by Forecast to 2023

IP Phones Market Overview:
IP phone have found increasing demand in recent time because of the need to cut down additional operating costs, especially in business setups. Market Research Future, a firm which specializes in market reports related Information and Communications Technology sector among others, recently published a report on this market. The sector is forecasted to develop at an optimistic CAGR % while growing its revenues to significantly high levels.

As most businesses are concerned with keeping a check on costs that are incurred on a daily basis, IP Phone Market help reduce the cost to a great extent and have hence garnered significant demand from various sector. Accelerated pace of technological growth in the industry has led to increased adoption of IP phones. Development of world economies and their interconnectedness along with need for seamless communication have further pushed the growth of the market.

Industry Segments
IP phones market can be segmented on the basis of component which is further divided into hardware and software category, and on the basis of type and end users. By component, the category is divided into software whose sub segments which include TCP/IP, DHCP, DNS and others while the hardware category includes display, ethernet, speaker/microphone and keypad. On the basis of type, the market includes wired, DECT, Wi-Fi IP Phones. Finally on the basis of end users, the market includes corporate consumers and individual consumers.

Session Initiation Protocol (SIP) main advantages are that it is easy to implement, debug and to integrate applications and is typically used for the purpose of controlling multimedia communication sessions.

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Detailed Regional Analysis
The regional analysis of IP phones market covers regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in IP phones market in North America is attributed to the technical advancements and increasing use of mobiles and tablets in that region.

Global Competitive Analysis
The industry players in the segment are capitalizing on a trend of solid, volume-driven growth which has further enabled the development of different varieties of product types in the market. With companies swiftly capturing a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The prominent players in IP phones market are Alcatel-Lucent Enterprise (U.S.), Huawei Technologies Co. Ltd. (China), Avaya (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Mitel (Canada).

Latest Industry News:
July 2017 Mitel and ShoreTel announced that they have entered into a definitive merger agreement. Mitel will acquire 100 percent of the outstanding shares of ShoreTel common stock at $7.50 per share. This merger is about Mitel’s cloud-based Unified-Communications-as-a-Service (UCaaS) strategy. When the deal concludes it will create an entity with global sales of $1.3 billion.

Jan 2018 OpenVox Communication Co., Ltd, the global leading provider of the best cost effective VOIP gateways, IP Communication Systems and Asterisk solutions, announced the launch of its first HD voice IP phones, the entry-level C200 and the advanced level C401, especially designed for OpenVox appliances and the open source IPPBXes, at an affordable price.

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Jan 2018 Polycom, Inc. has signed a merger agreement to acquire Obihai Technology, Inc., a San Jose-based VoIP audio solutions provider. Obihai Technology develops software and hardware for VoIP endpoints and offers a broad range of IP phones, analog terminal adapters (ATAs), and other devices that IP telephony service providers (ITSPs) sell to consumers and businesses. The addition of its software and development team strengthens Polycom’s position in the global voice market and broadens its portfolio to include complementary technologies for the service providers and customers.

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