According to a new market report published by Credence Research, Inc. “Voice Over Internet Protocol (VoIP) Market By Call Type (International Call, Domestic Call), By Service (SIP Trunking Service, Hosted Business IP PBX Service, Managed IP PBX Service, Other Services), By User (Corporate User, Individual User) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023”, the global VoIP market is expected to grow at a CAGR of over 9.7% from 2016 to 2023.
The purpose of the report is to illustrate the state of the market of Voice Over Internet Protocol, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
Browse here for full report: https://www.credenceresearch.com/report/voice-over-internet-protocol-voip-market
Increasing awareness regarding benefits of VoIP technology and how it can enhance overall communication experience both audio and video, especially in countries with large customer base such as China and India is propelling growth of the market. Also, rising deployment of real-time communication solutions in large, small and mid-sized enterprises has opened an opportunity window for major vendor to foray into. Major benefits of VoIP include the availability of services over cloud, uninterrupted and secure communication service, which, in turn, is driving the uptake of VoIP solutions and services worldwide. Further, growing internet penetration in developing regions is support growth of the market to considerable extent. However, inefficient networking infrastructure in underdeveloped and developing regions is likely to hamper the market growth over the forecast period.
Prominent players in the VoIP market are focused towards investing substantial amount on research and development activities to develop technologically advanced solutions. This help companies to outperform their competitors in such a highly competitive market. Also, acquisition and mergers is another major strategies followed by key players to enter emerging market and enhance geographical presence. Major players operating in the global VoIP market are 8×8 Inc., Vonage Hodling Corp., Nextiva, Inc., Ring Central Inc., Verizon Communication Inc., Deutsche Telekom, Microsoft Corporation, Thinking Phone Networks Inc., Phone Power LLC, and Inphonex LLC.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Voice Over Internet Protocol buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Voice Over Internet Protocol contains:
Analysis and forecast of Voice Over Internet Protocol market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Voice Over Internet Protocol market;
Assessment and forecast of Voice Over Internet Protocol market development;
Financial and business profiles of the leading companies in the Voice Over Internet Protocol industry.
– Up to date working Voice Over Internet Protocol data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Voice Over Internet Protocol for the period 2018 to 2026
– Planned Voice Over Internet Protocol additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Voice Over Internet Protocol projects by region, key countries, and companies
– Details of major planned Voice Over Internet Protocol projects in the world up to 2026
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