The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 200 pages.
“VoIP services Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the VoIP services Market by region.
Global VoIP services Market is valued approximately USD $$ billion in 2022and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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The major application of a broadband Internet connection in place of an ordinary (or analogue) phone line, Voice over Internet Protocol (VoIP) technology enables people to make voice calls. The major driving factors for the market are growing telecommunication industry, increase in application of internet for voice calls is majorly driving the growth for the market. Moreover, innovations by the key market players are creating lucrative growth opportunity for the market over the forecast period 2022-2029.
According to the Statista, spending on telecommunications services is anticipated to reach $1.46 trillion in 2022, an increase of around 0.4% from the previous year and a more moderate increase than in 2021, when the sector somewhat recovered from the negative economic effects of the coronavirus (COVID-19) pandemic. However, industry participants are hesitant to utilize cloud computing due to the rising frequency of cybercrimes including data breach and theft, which is limiting the market’s expansion.
The key regions considered for the Global VoIP services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Between 2022 and 2029, the Asia Pacific VoIP services industry is anticipated to continue to rule the worldwide VoIP services market. Numerous educational industry operators in Asia Pacific are placing a growing emphasis on releasing cutting-edge online educational applications in order to take advantage of the potential created by the transition in the education sector toward e-learning. For instance, a well-known technology business, Digital Aristotle said in December 2020 that it will team up with Bluebot Digital to release its educational application, Dosti Ki Paathshaala, which offers children a gamified classroom experience. Over the forecast period of 2022-2029, North America is expected to develop at a strong CAGR. According to estimates, the industry will rise as more VoIP services are implemented using a variety of protocols, including Real Time Protocol (RTP), Inter Asterisk eXchange (IAX), H.323, Media Gateway Control Protocol (MGCP), and Session Initiation Protocol (SIP).
Major market players included in this report are:
- 8?8, Inc.
- 3CX
- AT&T
- Avaya
- Dialpad, Inc.
- GoTo
- InPhonex, LLC.
- Ooma
- RingCentral, Inc.
- Microsoft Corporation
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Recent Developments in the Market:
A significant leader in the VoIP services market, Dialpad, unveiled Dialpad Meetings in July 2021. This new cloud communications platform offers enterprises a true unified communications as a service (TruCaaS) experience.
By offering seamless unified communication solutions to enterprises, Avaya and Ringcentral, two major participants in the VoIP services market, increased their footprint in Europe in March 2021.
Global VoIP services Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Access Type, Call Type, Medium, End Use, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Type:
Integrated Access/Session Initiation Protocol (SIP) Trunking
Managed IP PBX
Hosted IP PBX
By Access Type:
Phone to phone
Computer to computer
Computer to phone
By Call Type:
International VoIP calls
Domestic VoIP calls
By Medium:
Fixed
Mobile
By End Use:
Consumer
SMBs
Large Enterprises
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By Application:
IT & telecom
BFSI
Government & public sector
Healthcare
Retail
Education
Hospitality
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market:The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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