Market Research Report
Voice over Internet Protocol (VoIP) Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||919302|
Delivery time: 2-3 business days
|Voice over Internet Protocol (VoIP) Market 2019-2025|
|Published: November 26, 2019||Content info:||
Voice over Internet Protocol (VoIP)
Market Size, Share & Trends Analysis Report, by Access Type (Phone to Phone, Computer to Computer, and Computer to Phone), by End-User (Healthcare, BFSI, Transportation, Military and Defense, and Others), and Forecast, 2019-2025.
Technological advancement in the IT and telecom industry has increased the demand for more enhanced communication network. Moreover, growing mobility demand among various enterprises to enhance productivity, and increase team collaboration has also increased the demand for an effective communication solution. Voice over internet protocols (VoIP) enables the consumers to make real-time voice calls, that is transmitted over the packet-switched network using the internet protocol. VoIP helps the service providers to gain a competitive edge over the competitor by reducing the underlying costs of telephone calls. VoIP increases spectrum efficiency and reduces the maintenance cost as a communication solution is deployed in a single network.
The VoIP market is segmented on the basis of access type and end-user. On the basis of access type, the VoIP market is segmented into the phone to phone, computer to computer, and phone to computer. Phone to phone segment is expected to register significant growth over the forecast period as it enables the transmission of voice over IP based network enhancing transparency. Moreover, increase penetration of smartphones among consumers coupled with low-cost internet connectivity has increased the demand for VoIP network. On the basis of end-user, the VoIP market is segmented into healthcare, BFSI, transportation, IT & telecom, education, military and defense, and others. The education segment is expected to register significant growth over the forecast period owing to the extensive use of IP phones and smartphones applications to enable collaboration and conduct classes through VoIP network without physically present. Many educational institutions are adopting IP-based phones to reduce the cost of traditional telephones lines.
Geographically, the market is further segmented into four major regions, such as North America, Europe, Asia-Pacific and Rest of the world (RoW). Some of the major players in VoIP market include AT&T, Inc., Comcast Corp., Orange S.A., Verizon Communication Inc., Cisco Systems, Inc., Microsoft Corp., Deutsche Telekom AG, Vonage Holding Corp., BSNL along with many others. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in December 2018, Cisco Systems, Inc. has acquired Singularity networks, a network infrastructure analytics company. the acquisition offers the company to expand the product portfolio in cross-work network automation.
The market study of the VoIP market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.