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VoIP Trends and Forecast
The future of the global VoIP market looks promising with opportunities in the healthcare, BFSI, retail, hospitality, government, education, transportation, media & entertainment, and military & defence markets. The global VoIP market is expected to reach an estimated $62.8 billion by 2030 with a CAGR of 10.1% from 2024 to 2030. The major drivers for this market are rising adoption of smart devices and growing preference for 5G enable network.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
VoIP by Segment
The study includes a forecast for the global VoIP by type, access type, application, end use, and region.
VoIP Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• SIP trunking
• Hosted IB PBX
• Managed IB PBX
VoIP Market by Access Type [Shipment Analysis by Value from 2018 to 2030]:
• Phone to Phone
• Computer to Computer
• Computer to Phone
VoIP Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Healthcare
• BFSI
• Retail
• Hospitality
• Government
• Education
• Transportation
• Media and Entertainment
• Military and Defence
• Others
VoIP Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Consumers
• Small and Medium Enterprises
• Large Enterprises
VoIP Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of VoIP Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies VoIP companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the VoIP companies profiled in this report include-
• Verizon
• At&T
• Orange Business Services
• Deutsche
• Telekom
VoIP Market Insights
Lucintel forecasts that computer to phone will remain the largest segment over the forecast period.
Within this market, hospitality will remain the largest segment over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global VoIP Market
Market Size Estimates: VoIP market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: VoIP market size by various segments, such as by type, access type, application, end use, and region in terms of value ($B).
Regional Analysis: VoIP market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, access types, applications, end uses, and regions for the VoIP market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the VoIP market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the VoIP market size?
Answer: The global VoIP market is expected to reach an estimated $62.8 billion by 2030.
Q2. What is the growth forecast for VoIP market?
Answer: The global VoIP market is expected to grow with a CAGR of 10.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the VoIP market?
Answer: The major drivers for this market are rising adoption of smart devices and growing preference for 5G enable network.
Q4. What are the major segments for VoIP market?
Answer: The future of the VoIP market looks promising with opportunities in the healthcare, BFSI, retail, hospitality, government, education, transportation, media & entertainment, and military & defence markets.
Q5. Who are the key VoIP market companies?
Answer: Some of the key VoIP companies are as follows:
• Verizon
• At&T
• Orange Business Services
• Deutsche
• Telekom
Q6. Which VoIP market segment will be the largest in future?
Answer: Lucintel forecasts that computer to phone will remain the largest segment over the forecast period.
Q7. In VoIP market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the VoIP market by type (SIP trunking, hosted IB PBX, and managed IB PBX), access type (phone to phone, computer to computer, and computer to phone), application (healthcare, BFSI, retail, hospitality, government, education, transportation, media and entertainment, military and defence, and others), end use (consumers, small and medium enterprises, and large enterprises), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Voip Market, Voip Market Size, Voip Market Growth, Voip Market Analysis, Voip Market Report, Voip Market Share, Voip Market Trends, Voip Market Forecast, Voip Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global VoIP Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global VoIP Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global VoIP Market by Type
3.3.1: SIP trunking
3.3.2: Hosted IB PBX
3.3.3: Managed IB PBX
3.4: Global VoIP Market by Access Type
3.4.1: Phone to Phone
3.4.2: Computer to Computer
3.4.3: Computer to Phone
3.5: Global VoIP Market by Application
3.5.1: Healthcare
3.5.2: BFSI
3.5.3: Retail
3.5.4: Hospitality
3.5.5: Government
3.5.6: Education
3.5.7: Transportation
3.5.8: Media and Entertainment
3.5.9: Military and Defence
3.6: Global VoIP Market by End Use
3.6.1: Consumers
3.6.2: Small and Medium Enterprises
3.6.3: Large Enterprises
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global VoIP Market by Region
4.2: North American VoIP Market
4.2.1: North American VoIP Market by Access Type: Phone to Phone, Computer to Computer, and Computer to Phone
4.2.2: North American VoIP Market by Application: Healthcare, BFSI, Retail, Hospitality, Government, Education, Transportation, Media and Entertainment, Military and Defence, and Others
4.3: European VoIP Market
4.3.1: European VoIP Market by Access Type: Phone to Phone, Computer to Computer, and Computer to Phone
4.3.2: European VoIP Market by Application: Healthcare, BFSI, Retail, Hospitality, Government, Education, Transportation, Media and Entertainment, Military and Defence, and Others
4.4: APAC VoIP Market
4.4.1: APAC VoIP Market by Access Type: Phone to Phone, Computer to Computer, and Computer to Phone
4.4.2: APAC VoIP Market by Application: Healthcare, BFSI, Retail, Hospitality, Government, Education, Transportation, Media and Entertainment, Military and Defence, and Others
4.5: ROW VoIP Market
4.5.1: ROW VoIP Market by Access Type: Phone to Phone, Computer to Computer, and Computer to Phone
4.5.2: ROW VoIP Market by Application: Healthcare, BFSI, Retail, Hospitality, Government, Education, Transportation, Media and Entertainment, Military and Defence, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global VoIP Market by Type
6.1.2: Growth Opportunities for the Global VoIP Market by Access Type
6.1.3: Growth Opportunities for the Global VoIP Market by Application
6.1.4: Growth Opportunities for the Global VoIP Market by End Use
6.1.5: Growth Opportunities for the Global VoIP Market by Region
6.2: Emerging Trends in the Global VoIP Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global VoIP Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global VoIP Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Verizon
7.2: At&T
7.3: Orange Business Services
7.4: Deutsche
7.5: Telekom
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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