Voice over IP Market

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Voice over IP Market Research
Report- Forecast 2023
Voice over IP Market Research Report- Forecast
2023
P a g e 1 Copyright 2017
Market Research Future.
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Voice over IP Market Research Report- Forecast
2023
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Voice over IP Market Research Report- Forecast
2023 Summary The global Voice over IP 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 Voice over IP Market. By geography,
the global Voice over IP 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 Voice over IP
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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• Voice over IP 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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Voice over IP Market Research Report- Forecast
2023
Segmentation The global Voice over IP 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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Voice over IP 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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Voice over IP Market Research Report- Forecast
2023
(Germany) are focusing on the
digital utilities transformation. P a g e
7 Copyright 2017 Market Research Future.