VoIP Market Report: Trends, Forecast and Competitive Analysis to 2030

VoIP Trends and Forecast

The future of the global VoIP market looks promising with opportunities in the healthcare, BFSI, retail, hospitality, government, education, transportation, media & entertainment, and military & defence markets. The global VoIP market is expected to reach an estimated $62.8 billion by 2030 with a CAGR of 10.1% from 2024 to 2030. The major drivers for this market are rising adoption of smart devices and growing preference for 5G enable network.

A more than 150-page report is developed to help in your business decisions.

VoIP by Segment

The study includes a forecast for the global VoIP by type, access type, application, end use, and region.

VoIP Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• SIP trunking
• Hosted IB PBX
• Managed IB PBX

VoIP Market by Access Type [Shipment Analysis by Value from 2018 to 2030]:

• Phone to Phone
• Computer to Computer
• Computer to Phone

VoIP Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare
• BFSI
• Retail
• Hospitality
• Government
• Education
• Transportation
• Media and Entertainment
• Military and Defence
• Others

VoIP Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Consumers
• Small and Medium Enterprises
• Large Enterprises

VoIP Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of VoIP Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies VoIP companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the VoIP companies profiled in this report include-

• Verizon
• At&T
• Orange Business Services
• Deutsche
• Telekom

VoIP Market Insights

Lucintel forecasts that computer to phone will remain the largest segment over the forecast period.

Within this market, hospitality will remain the largest segment over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global VoIP Market

Market Size Estimates: VoIP market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: VoIP market size by various segments, such as by type, access type, application, end use, and region in terms of value ($B).

Regional Analysis: VoIP market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, access types, applications, end uses, and regions for the VoIP market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the VoIP market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the VoIP market size?

Answer: The global VoIP market is expected to reach an estimated $62.8 billion by 2030.

Q2. What is the growth forecast for VoIP market?

Answer: The global VoIP market is expected to grow with a CAGR of 10.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the VoIP market?

Answer: The major drivers for this market are rising adoption of smart devices and growing preference for 5G enable network.

Q4. What are the major segments for VoIP market?

Answer: The future of the VoIP market looks promising with opportunities in the healthcare, BFSI, retail, hospitality, government, education, transportation, media & entertainment, and military & defence markets.

Q5. Who are the key VoIP market companies?

Answer: Some of the key VoIP companies are as follows:

• Verizon
• At&T
• Orange Business Services
• Deutsche
• Telekom

Q6. Which VoIP market segment will be the largest in future?

Answer: Lucintel forecasts that computer to phone will remain the largest segment over the forecast period.

Q7. In VoIP market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the VoIP market by type (SIP trunking, hosted IB PBX, and managed IB PBX), access type (phone to phone, computer to computer, and computer to phone), application (healthcare, BFSI, retail, hospitality, government, education, transportation, media and entertainment, military and defence, and others), end use (consumers, small and medium enterprises, and large enterprises), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?