VoIP Services Market: Growing at a CAGR of 9.1% between 2016 and 2021

2024-03-27 08:28:26 Business

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VoIP Services (Domestic VoIP Calls and International Long Distance VoIP Calls) Market by Configuration (Phone-to-Phone, Computer-to-Phone and Computer-to-Computer) for Hosted Business, IP Connectivity, Managed IP PBX, Individual Consumers and Corporate Consumers: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 ? 2021

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Zion Research has published a new report titled ?VoIP Services (Domestic VoIP Calls and International Long Distance VoIP Calls) Market by Configuration (Phone-to-Phone, Computer-to-Phone and Computer-to-Computer) for Hosted Business, IP Connectivity, Managed IP PBX, Individual Consumers and Corporate Consumers: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 ? 2021."According to the report, global demand for VoIP services market was valued at over USD 83 billion in 2015, is expected to reach above USD 140 billion in 2021 and is anticipated to grow at a CAGR of above 9.1% between 2016 and 2021.

VoIP (Voice over Internet Protocol) is a communication method of voice transfer by utilizing the internet. VoIP services is emerging as attractive communications alternative for customers. Broadband phone service, Internet telephony, IP telephony, broadband telephony is the terms associated with the VoIP services. Infrastructure cost can be reduced as voice and data communications can be run over a single network.

Browse the full report at http://www.marketresearchstore.com/report/voip-services-market-z56122

Growing technological advancement for development of network infrastructure and wireless mobile communication majorly drives the VoIP services market. Rise in number of portable device customers, has led the demand for VoIP services. Attributes such as packaged services and the rising demand for portable device is increasing across the individuals and corporate sector resulting into the spurt in demand for VoIP services. Constantly updating services by telecommunication players generates healthy competition among players contributing to escalating demand for VoIP services. However, the lack of acceptance from the local sectors poses impact on the growth of the VoIP services market. Strict rules and regulation from the government to save the local telecom services hinder the growth of market. VoIP services market likely to open new market avenues in the near future owing to moving work force or migration and increasing the international calling.

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