Global Voice Over Internet Protocol Market, By Type (Integrated Access/SIP Trunking, Managed IP PBX and Hosted IP PBX), Access Type (Phone-To-Phone, Computer-To-Computer and Computer-To-Phone), Call Type (International Calls, Domestic Calls and Interactive Assessments), Medium (Fixed and Mobile), End Use (Consumer, Small and Medium Scale Enterprises and Large Enterprises), Application (IT and Telecom, Banking Financial Services and Insurance, Healthcare, Government and Public Sector, Retail, Education, Hospitality and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Voice over Internet Protocol Market
Data Bridge Market Research analyses that the voice over internet protocol market would exhibit a CAGR of 12.00% for the forecast period. Rising demand for cloud based voice over internet protocol solutions and increasing adoption of voice over internet protocol by small and medium scale enterprises are the major factors attributable to the growth of voice over internet protocol market. This signifies that, the global voice over internet protocol market would stand tall by USD 106.4 billion by the year 2028
From the name itself, it is clear the voice over internet protocol is a technological system that allows one to make calls and communicate over the internet. The voice over internet protocol technology allows communication over long distances. It also enables exchange of fax, data, texts over the internet apart from just calls.
Increased awareness about voice over internet protocol coupled with rising adoption rate by the small and medium sized enterprises has resulted in growth in the voice over internet protocol market value. Rising penetration of internet in the developing economies coupled with the emergence of 5G internet connections will also create lucrative growth opportunities for the voice over internet protocol market. The cost effectiveness feature of voice over internet protocol solutions will also foster the market growth.
However, low quality internet in the developing and under developed economies will pose a major challenge to the growth of voice over internet protocol market. Security and privacy concerns and increasing incidences of hacking will further derail the voice over internet protocol market growth rate.
This voice over internet protocol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on voice over internet protocol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Voice over Internet Protocol Market Scope and Market Size
The voice over internet protocol market is segmented on the basis of type, access type, call type, medium, end use and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the voice over internet protocol market has been segmented into integrated access/ SIP trunking, managed IP PBX and hosted IP PBX.
- On the basis of access type, the voice over internet protocol market has been segmented into phone-to-phone, computer-to-computer and computer-to-phone.
- On the basis of call type, the voice over internet protocol market has been segmented into international calls, domestic calls and interactive assessments.
- On the basis of medium, the voice over internet protocol market has been segmented into fixed and mobile.
- On the basis of end use, the voice over internet protocol market has been segmented into consumer, small and medium scale enterprises and large enterprises.
- On the basis of application, the voice over internet protocol market is segmented into IT and telecom, banking financial services and insurance, healthcare, government and public sector, retail, education, hospitality and others.
Global Voice over Internet Protocol Market Country Level Analysis
Global voice over internet protocol market is analysed and market size insights and trends are provided by country, type, access type, call type, medium, end use and application as referenced above.
The countries covered in the voice over internet protocol market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the voice over internet protocol market and will continue to flourish its trend of dominance during the forecast period. This is because of the increased adoption of voice over internet protocol by small and medium scale enterprises. Asia-Pacific on the other hand will project the highest CAGR for the forecast period owing to the increasing internet penetration.
The country section of the voice over internet protocol market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Voice over Internet Protocol Market Share Analysis
The voice over internet protocol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to voice over internet protocol market.
The major players covered in the voice over internet protocol market report are Google LLC, Cisco Systems, Inc., Microsoft, 8x8, Inc., ALE International, ALE USA Inc., AT&T Intellectual Property, Avaya Inc., Citrix Systems, Inc., Deutsche Telekom AG, Huawei Technologies Co., Ltd., GoTo, Nextiva, RingCentral, Inc., Mitel Networks Corp., Telecom Italia, Orange Business Services, Ribbon Communications Operating Company, Inc., Telenor Group, Verizon and Vonage among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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