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

Voice over Internet protocol (VoIP) has become a mainstream technology in communication industry with major industry verticals bringing in house real-time communication solutions and services. Growing adoption of hybrid cloud-based communication model in mid- and large-sized enterprises is boosting growth of the VoIP market across the globe. Additionally, low maintenance and operational cost supplemented by minimum staff support and enhanced flexibility and scalability is expected to have positive impact on the overall market growth during the forecast period. Further, growing number of social media users and increasing internet penetration in developing regions such as Asia Pacific and Latin America is anticipated to fuel growth of the VoIP market in these regions. However, lack of efficient networking infrastructure and low adoption of VoIP services among individual users and small enterprises is expected to hamper growth of the market to certain extent.

Voice Over Internet Protocol (VoIP) Market

Report Scope

This report analyzes the global VoIP market in terms of call type, service, user, and geography. The global VoIP market has been segmented based on call type into international call and domestic call. On the basis of service, the global VoIP market is segmented into SIP trunking service, hosted business IP PBX service, managed IP PBX service, and other services. Based on user, the market is bifurcated into corporate user and individual user. The global VoIP market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.

Voice Over Internet Protocol (VoIP) Market

Major players in the VoIP market are concentrating on entering strategic partnership to introduce advanced services for end-user organizations and individuals. This helps key vendors to enhance their industry presence. Also, acquisition & mergers is another major strategy followed by major vendors in the global VoIP market.

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global VoIP Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global VoIP market.

Target Audience

  • Industry Investors
  • VoIP Service Providers
  • Communication Service Provider
  • Government Agencies

USP and Key Offerings

The report titled “Global VoIP Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global VoIP market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on type, devices, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading VoIP vendors, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the VoIP market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Ecosystem Analysis
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global VoIP market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.

On the basis of geography, the global VoIP market is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • United Kingdom
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global VoIP market in 2015 and 2023 is as shown in the figure below

Voice Over Internet Protocol (VoIP) Market

The global VoIP market is projected to witness steady growth in terms of revenue, throughout the forecast period, driven by increasing number of startups across the globe. Among regions, Europe dominated the overall VoIP market in terms of revenue generation in 2015. The region accounted for over 30% market share in the same year. This is mainly attributed to increasing number of VoIP subscriber base in the region. Asia Pacific was the second-largest regional market, holding major chunk of the market revenue. Increasing adoption of mobile devices and growing internet penetration is propelling VoIP market growth in the regions. Additionally, Asia Pacific is expected to witness highest CAGR of over the forecast period owing to increasing adoption of real-time communication software among small and mid-sized enterprises in the major Asian countries such as India and China.

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Published Date:  Jan 2017
Category:  Technology & Media
Report ID:   58322
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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