seobhushan (15)

1
Voice over Internet Protocol (VoIP) Market is
projected to reach CAGR 15 by 2027
2
Key Insights from Voice over Internet Protocol
(VoIP) Market

• The voice over internet protocol (VoIP) market is
  anticipated to witness stellar growth in the
  coming years in view of budding trend of employee
  mobility across organizations to improve
  collaborations and communication with remote
  users as well as steady acceptance in the
  residential sector. For starters, VoIP is a
  telecommunication technology that comes as a
  significant improvement over traditional phones.
  The technologys demand has surged greatly as to
  its numerous offered benefits such as low data
  rates and inexpensive calling prices.
• Residential VoIP calling is steadily gaining
  presence across home settings. Many residential
  customers are switching to VoIP from traditional
  landlines as these services include unlimited
  calling and many other free features such as
  caller ID, call forwarding, and call waiting,
  which are usually charged by phone companies.
• Besides this, the government public sector
  segment is also predictable to showcase
  exponential growth over the forecast period.
  Government and public institutions are constantly
  focusing on streamlining their communications
  structure to expand consistency and deliver
  services to citizens. This is the main segment
  for the growth of voice over internet protocol
  (VoIP) market.

3
Regional Insights in Voice over Internet Protocol
(VoIP) Market

• Region-wise, Europe is estimated to generate
  momentous revenue prospects in the VoIP market
  between 2021 to 2027. Adoption of remote working
  facility by businesses has accelerated the use of
  VoIP services in the region. Apart from this,
  another major factor driving the regional growth
  is the wide exposure of the 4G LTE network in
  Europe. VoIP solutions provide the ability to
  manage enterprise communication at better speed
  and lower cost compared to the traditional PSTN
  network. As employees are working remotely at
  different locations, enterprises are capable of
  communicating and managing operations globally.

4

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5
Major Companies in Voice over Internet Protocol
(VoIP) Market

• Deutsche Telekom
• Alcatel Lucent
• Cisco
• Citrix
• ATT
• Ribbon Communication

6
Industry Coverage

7
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