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Global VoIP market: $75.8 billion industry forecast during 2013

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The Voice Over Internet Protocol (VoIP) Market 2013-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-16 05:59:01
The global VoIP market revenues will reach $75.8 billion in 2013, driven by increasing adoption of mobile and enterprise based VoIP services. Over the past two decades, VoIP has revolutionised the way people communicate and become a mainframe technology that is here to stay. Considerable cost savings that VoIP offers to both residential as well as enterprise users as compared to traditional PSTN telephony is the key market driver. VoIP adoption is rapidly growing in the enterprise space with companies realizing that efficiencies could be gained through a single voice & data network and simplified management.

In 2013, VoIP is poised for explosive growth, underpinned by the widespread adoption of integrated social media based VoIP solutions and the rise of market leaders in the VoIP space such as Skype. The deployment of LTE and 4G networks will transform the quality of VoIP services and propel VoIP into mainstream mobile telecommunication services creating a paradigm shift in subscriber behaviour.

For VoIP to reach its maximum potential, it is very important for Operators to embrace VoIP and focus on building viable business models that are mutually beneficial to the VoIP service provider and telecom operator. If carriers continue to throttle VoIP on their networks, cash conscious subscribers will certainly look to adopt alternative cheaper mode of communication which will further eat into already declining voice revenues. This holistic report provides a crucial overview of the current VoIP market and an informed forecast of how it will develop over the next five years.

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