Selbyville, Delaware, this detailed presentation on ‘Voice over Internet Protocol (VoIP) Market’ available at MarketStudyReport.com, features an exhaustive study conveying influential trends prevailing in the global business sphere. The report also presents significant details concerning market size, market share and profit estimations to offer an ensemble prediction about this business. Moreover, this report undertakes an accurate competitive analysis emphasizing growth strategies espoused by market leaders.

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Voice over Internet Protocol (VoIP) market is projected to surpass USD 55 billion by 2025.

The market growth is attributed to the growing demand for cost-effective communication solutions to support enterprise mobility and favorable government initiatives for the development of the wireless telecommunications infrastructure. As enterprises are rapidly expanding their businesses across domestic as well as international regions, they need cost-effective solutions that can improve their communication & collaboration with their remote employees. This increases the demand for VoIP products such as IP phones & adapters and cheap calling plans. Also, government agencies and private companies worldwide are investing huge amounts in wireless telecommunication technologies such as 4G/LTE and upcoming 5G networks. For instance, in June 2018, Telefonica Spain invested USD 125 million for 5G spectrum. The company acquired 10×5 in the 3,600-3,800 MHz sub-band to support the deployment of the 5G network from 2020. The next-generation technologies will enhance the VoIP for businesses, providing high transfer speeds and allowing businesses to deliver high-quality voice & data services.

An overview of the regional landscape:

Regional segmentation: North America, Europe, Asia Pacific, Middle East & Africa, Latin America.

What does the section elaborate on?

The report provides an in-depth analysis of the regional terrain of this industry.

Insights provided in the study:

The report delivers information pertaining to the production spanning all these economies.

This information is comprised of the revenue that each region accounts for as well as the production capacity.

Also, the data about the growth rate liable to be registered by every region in the Voice over Internet Protocol (VoIP) market during the projected period.

Important details pertaining to the import & export patterns, consumption volume, as well the consumption remuneration have been mentioned.

An outline of the Market:

Another factor accelerating market growth is the adoption of cloud-based VoIP solutions. Cloud-enabled phone systems enable enterprises to scale up or down according to their business requirements and enable them to manage communication services cost-effectively. As these platforms eliminate the need to invest in any hardware equipment, the adoption of these solutions will increase over the forecast timespan.

The managed IP PBX segment is expected to grow at a CAGR of over 12% during the forecast timeline. The demand for managed VoIP is increasing as organizations are seeking new ways to minimize their initial setup & hardware maintenance costs and complexities by deploying VoIP in-house. The managed service provider helps customers to expand their systems or upgrade PBX as per their needs. These services act as excellent alternatives to traditional PBX systems or managing own IP PBX.

The phone-to-phone VoIP market is estimated to grow at a CAGR of over 17% from 2019 to 2025. The market growth is attributed to the rising penetration of smartphones and affordable domestic and international calling service plans offered by VoIP service providers. This has facilitated the demand for IP phone systems, which offer advanced functionalities such as call waiting and routing options as compared to analog phones.

The international VoIP calling market is expected to exhibit a growth rate of over 11% due to the heavy demand for international calling plans that enable cost-savings for organizations with higher levels of workforce mobility. As they are focusing on geographic expansion to expand the horizon for their business activities, the demand for international calling services will also increase.

Insights provided by the study:

The report incorporates information about the production of the item.

Information includes stuff such as costs, production methodology, etc.

Remuneration details pertaining to each application segment in question are also provided.

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