Covid-19 Analysis on IP Telephony Market

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Covid-19 Analysis on IP Telephony Market
Research
Report- Forecast 2023
Covid-19 Analysis on IP Telephony Market Research
Report- Forecast 2023
P a g e
1 Copyright 2017 Market Research Future.
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Covid-19 Analysis on IP Telephony Market Research
Report- Forecast 2023
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Covid-19 Analysis on IP Telephony Market Research
Report- Forecast 2023 Summary The global Covid-19
Analysis on IP Telephony Market is projected to
witness a rapid growth during the forecast
period, owing to increasing demand for IP
telephony applications. Moreover, increasing
demand for voice over IP solutions across various
industry verticals and rise in demand for cost
effective and highly secure phone communication
are other major factors driving the growth of
the global Covid-19 Analysis on IP Telephony
Market. By geography, the global Covid-19
Analysis on IP Telephony Market is segmented into
North America, Europe, Asia Pacific, and Rest of
the World. The North America market is expected
to witness a significant growth and hold the
largest share of the global market during the
forecast period. The U.S and Canada are
anticipated to drive the growth of the IP
telephony market in North America region, owing
to the presence of large number of established
key players, such as Avaya Inc., Cisco Systems,
Inc., Polycom Inc., and Grandstream Networks,
Inc., among others in this region. Due to
sustainable and well- established economies in
the region, the market is likely to show immense
growth in the coming future. The growth of the
market in North America region is also attributed
to increased focus of business organizations
towards better management of business processes
and growing dependency of enterprises on web
applications. In the global Covid-19 Analysis on
IP Telephony Market, Asia Pacific is anticipated
to witness a relatively faster adoption at the
highest CAGR during the forecast period as
compared to other regions owing to increasing
demand for voice over IP communications across
different industry verticals such as BFSI,
healthcare, retail, and IT telecommunication,
among others, across different countries in the
region.
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• Covid-19 Analysis on IP Telephony Market Research
  Report- Forecast 2023
• Major Key Players
• Ascom Holding AG (Switzerland),
• Avaya Inc. (U.S.),
• Cisco Systems,
• Inc. (U.S.),
• Gigaset Communications (Germany),
• LG Electronics Inc. (South Korea),
• Mitel Networks Corporation (Canada),
• Panasonic Corporation (Japan),
• Polycom Inc. (U.S.),
• Yealink Inc. (China),
• NEC Corporation (Japan),
• Grandstream Networks,
• Inc. (U.S.).

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Covid-19 Analysis on IP Telephony Market Research
Report- Forecast 2023
Segmentation The global Covid-19 Analysis on IP
Telephony Market is segmented on the basis of
component, organization size, connectivity, and
vertical. The vertical segment is classified into
BFSI, healthcare, manufacturing, IT
telecommunication, retail, government and others.
However, the IT telecommunication sub segment
is expected to grow at the highest rate during
the forecast period. This is owing to the
considerable technological shift of large
enterprises towards adoption of voice over IP
applications
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Covid-19 Analysis on IP Telephony Market Research
Report- Forecast 2023
Regional Analysis North America is estimated to
account for the largest share of the market,
whereas Asia Pacific is projected to grow at the
fastest rate during the forecast period. The
market in North America is witnessing a rapid
growth due to technological advancements and
rise in demand for IP telephony solutions across
different industry verticals in this region. The
U.S. holds the majority of market share both in
terms of revenue as well as owing to the
increased demand for IP telephony solutions in IT
and telecommunication industry as well as
growing demand for cost effective solutions for
the same.
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Covid-19 Analysis on IP Telephony Market Research
Report- Forecast 2023
(Germany) are
focusing on the digital utilities
transformation. P a g e 7 Copyright 2017
Market Research Future.