VoIP Equipment Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2023
“Factors such as cost efficiency and packaged service offerings leading to roll out of progressive networks and improved usage of these services over several networks and rising disposable income are likely to drive the market in forthcoming period.”
Global VoIP equipment market is anticipated to witness an exponential growth in the forecast period. Voice over Internet Protocol (VoIP) is a procedure, which uses numerous data and voice transfer technologies such as voice over broadband, IP telephony, and Internet telephony to offer communication facilities over a packetswitched network. Factors such as cost efficiency and packaged service offerings leading to roll out of progressive networks and improved usage of these services over several networks and rising disposable income are likely to drive the market in forthcoming period. On the other hand, low public acceptance of VoIP services in the residential consumer sector are anticipated to hinder VoIP equipment market growth in future. However, technological advancements are likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. VoIP equipment market could be explored by product type, configuration, application, end user and geography. Market by product type could span Hosted PBX Equipment and IP PBX Equipment. Market could be explored by call type as International and domestic. The “International” segment accounts for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include high-quality international IP calling feature at lesser rates as compared to traditional carrier rates. Based on configuration, the VoIP equipment market could span Computer-toComputer, Phone-to-Phone, and Computer-to-Phone. Get Sample Copy of this Report @