VoIP Market Size 2019 by Global Leading Players, Industry Updates, Future Growth 202, Business Prospects, Forthcoming Developments and Investments
May 6, 2019
The Latin America voice over internet protocol (VoIP) market is expected to witness over 15% growth to 2025 led by increasing investments in the telecom technologies, rising internet penetration, and growing utilization of cloud-based communications platforms.
Selbyville, Delaware , USA - May 6, 2019 /MarketersMedia/ —
(VoIP) Voice over Internet Protocol Market is projected to surpass a revenue of over USD 55 billion by 2025. The VoIP 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.
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The managed IP PBX segment is expected to grow at a CAGR of over 12% in the VoIP market 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.
The fixed VoIP market held a market share of over 62% in 2018 and is expected to dominate the market with a share of over 55% in 2025. As a reliable communications infrastructure is vital for the success of any organization to ensure seamless internal and external communications, they choose fixed VoIP. A system offers optimum security to safeguard communication as the numbers are assigned by the service providers, which can be traced back to the PSTN line to detect the cases of fraud.
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The consumers segment in the voice over internet protocol (VoIP) market is projected to grow at a CAGR of over 14% between 2019 and 2025. Residential VoIP is gaining popularity as it offers several services that are not available with landlines. Many residential customers are switching from traditional landlines to VoIP as these services include unlimited calling and many free features such as call waiting, call forwarding, and caller ID, which are normally charged by traditional phone companies. These services and plans are becoming prevalent as they can reduce home phone bills to a greater extent and also include additional sign-up bonuses and monthly specials.
The education VoIP market is expected to witness a growth rate of over 18% during the forecast timeline due to the extensive use of IP phones and softphone applications to enable collaboration among classes and conduct seminars through VoIP systems without physically being present at the location. The technology is gaining traction to reduce the amount spent on procuring expensive telephony equipment. Phone systems are widely being used by school authorities to interact with parents to provide alerts and updates regarding child’s behaviour and progress. As traditional phones incur huge calling expenses, the educational institutions are adopting such phones to utilize the benefits of the cost-effective communication system. These phones facilitate smooth voice communication to enhance school administration and enable departments and teams to handle calls efficiently.
The Latin America VoIP market is expected to witness a growth rate of over 15% during the forecast timeline. Increasing investments in the telecom technologies, rising internet penetration, and growing utilization of cloud-based communications platforms are expected to fuel the market growth in the region. The enterprises in the region are deploying cloud-based communications systems to manage their communications infrastructure. Also, global players are aggressively expanding their presence in the region by entering into agreements with companies operating locally with extensive distribution networks.
Browse key industry insights spread across 400 pages with 449 market data tables & 29 figures & charts from the report, “Voice over Internet Protocol (VoIP) Market Size 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 Calls), By Medium (Fixed, Mobile), By End-Use (Consumers, SMBs, Large Enterprises), By Application (IT & Telecom, BFSI, Healthcare, Government & Public Sector, Retail, Education, Hospitality), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Netherlands, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Singapore, Brazil, Mexico, Argentina, Colombia, South Africa, Saudi Arabia, Israel, Turkey), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/voice-over-internet-protocol-voip-market
Table of Contents (ToC) of the report:
Chapter 4. VoIP Market - Competitive Landscape
4.1. Introduction
4.2. Company market share analysis, 2018
4.3. Competive analysis of major VoIP solution providers, 2018
4.3.1. 8x8
4.3.2. Google
4.3.3. Microsoft
4.3.4. Mitel
4.3.5. RingCentral4.3.6. Vonage
4.4. Competive analysis of major telecom providers, 2018
4.4.1. AT&T
4.4.2. Deutsche Telekom
4.4.3. Huawei
4.4.4. Telenor
4.4.5. Verizon
4.4.6. ZTE Comrporation
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/voice-over-internet-protocol-voip-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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