VoIP Services Market Trends, Absolute Opportunity 2020
VoIP stand for Voice over Internet Protocol. VoIP is a service that manipulates assorted data and voice transmission technologies to provide communication services over a packet-switched network.
The technologies used in VoIP Service include IP telephony, voice over broadband and Internet telephony. This service support digital signals for transmitting data over IP based network. VoIP services are executed by means of a broad range of protocols such as H.323, Session Initiation Protocol (SIP), Inter Asterisk exchange (IAX), Real Time Protocol (RTP) and Media Gateway Control Protocol (MGCP).
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The global VoIP services market is primarily driven by industry participants concentrating on approaching VoIP solutions across corporate and individual consumer sectors. This has led to several developments, especially in network infrastructure and cloud-based models.
VoIP services market can be segmented on the basis of configuration, call type, end-user and region. On the basis of configuration, the VoIP services market is categorized into computer-to-computer, computer-to-phone and phone-to-phone. Of all, phone-to-phone VOIP service is the fastest growing segment, expected to boost rapidly over the forecast period. Based on the call type, the VoIP services market is segmented as international long distance VoIP calls and domestic VoIP calls. The segment of international long distance VoIP calls ruled the market. Based on the call type, the VoIP services market is segmented as corporate consumers, IP connectivity, managed IP PBX, hosted business and individual consumers. The largest contribution in terms of revenue came from the hosted business services delivered by VoIP service providers.
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The report aims to provide a comprehensive overview of market data and trends in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a fastest growing region for VoIP services market, due to its rising subscriber base in the global VoIP services market. The report identifies factors driving and restraining growth and future business opportunities in the global VoIP services business.
Some of the key players of global VoIP services market iNet Telecom Ltd., Nextiva, Inc., AT&T, InPhonex LLC, Avaya, Ring Central, Inc., 8×8 Inc, Microsoft Corporation (Skype), Viber Media S.r.l and Vonage Holdings Corp.
This report segments the global VoIP services market as follows:
VoIP Services Market: Configuration Segment Analysis
VoIP Services Market: Call Segment Analysis
VoIP Services Market: End-user Segment Analysis
VoIP Services Market: Regional Segment Analysis
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