Voice Over Internet Protocol (VOIP) Market will be growing at a CAGR of 9.7% during the forecast 2016 to 2023

Voice Over Internet Protocol (VOIP) Market will be growing at a CAGR of 9.7% during the forecast 2016 to 2023

According to a new market report published by Credence Research, Inc. “Voice Over Internet Protocol (VoIP) Market – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023”, the global VoIP market is expected to grow at a CAGR of over 9.7% from 2016 to 2023.

Market Insights

Increasing awareness regarding the benefits of VoIP technology and how it can enhance overall communication experience both audio and video, especially in countries with large customer bases such as China and India is propelling the growth of the market. Also, the rising deployment of real-time communication solutions in large, small and mid-sized enterprises has opened an opportunity window for a major vendors to foray into. The major benefits of VoIP include the availability of services over cloud, uninterrupted and secure communication service, which, in turn, is driving the uptake of VoIP solutions and services worldwide. Further, growing internet penetration in developing regions supports the growth of the market to a considerable extent. However, inefficient networking infrastructure in underdeveloped and developing regions is likely to hamper the market growth over the forecast period.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/voice-over-internet-protocol-voip-market

Competitive Insights:

Prominent players in the VoIP market are focused on investing a substantial amount on research and development activities to develop technologically advanced solutions. This helps companies outperform their competitors in such a highly competitive market. Also, acquisition and mergers are another major strategies followed by key players to enter an emerging market and enhance geographical presence.

Key Trends:

  • Strategic partnership and joint ventures among key players
  • Introduction of cloud-based VoIP solutions and services
  • A surge in acquisition & mergers

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58322

List of Companies Covered:

  • 8×8 Inc.
  • Vonage Hodling Corp
  • Nextiva, Inc.
  • Ring Central Inc.
  • Verizon Communication Inc.
  • Deutsche Telekom
  • Microsoft Corporation
  • Thinking Phone Networks Inc.
  • Phone Power LLC
  • Inphonex LLC

Market Segmentation:

By Call Type

  • International Call
  • Domestic Call

By Access Type

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

By Service Type

  • SIP Trunking Service
  • Hosted Business IP PBX Service
  • Managed IP PBX Service
  • Other Services

By User Type

  • Corporate User
  • Individual User

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58322

Medium Blog: https://medium.com/@kumarganesh028/voice-over-internet-protocol-voip-market-size-share-growth-trends-analysis-and-forecast-to-ec231371559f