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Voice over Internet Protocol (VoIP) Market Trends

  • Report ID: GMI2989
  • Published Date: Aug 2023
  • Report Format: PDF
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High popularity of residential VoIP to influence Market Trends

VoIP market from the consumer end-use segment is anticipated to witness 10% growth rate through 2032. Residential VoIP is becoming popular since it is affordable and provides more features compared to landlines. Due to the unlimited calling and other features, including call waiting, call forwarding, and caller ID, which is often charged by traditional phone carriers, many residential consumers are switching from traditional landlines to residential VoIP.

 

Impact of the COVID-19 pandemic on Market Trends

The COVID-19 pandemic has influenced the working practices of businesses across the globe due to restrictions on movement. VoIP has enabled continuity and smooth transitions to remote working practices for businesses worldwide. The system has helped employees and employers to stay connected while negating the geographical aspects. Continued adoption of remote working practices post the pandemic will have a positive influence on global VoIP market development.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of voice over internet protocol (VoIP) accounted for more than USD 40 billion in 2022 and is expected to observe over 10% CAGR from 2023 to 2032, says this GMI report.

VoIP industry from the computer-to-Phone access type segment is projected to capture over 40% share by 2032 as the system enables effective communication for both commercial & domestic purposes.

The North America VOIP market size valued at over USD 15 Billion in 2022 driven by factors like widespread espousal of cloud services and the rise in the trend of remote working.

Some of the leading players in the business scenario include Alcatel Lucent Enterprise (Nokia Networks), ZTE Corporation, Mitel Networks Corporation, Ericsson, Telenor Group, and Verizon Communications Inc.

VoIP Market Scope

  • VoIP Market Size
  • VoIP Market Trends

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 20
    • Tables & Figures: 606
    • Countries covered: 21
    • Pages: 300
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