Voice over internet protocol (VoIP) is a methodology in which several technologies are used to offer communication services over IP data network. VoIP refers to transformation of voice signals into digital data over the internet. VoIP uses internet as telephony network. A regular telephone, mobile phone, computer or VoIP phone can be used to make a call. VoIP services are distributed through various services such as the public switched telephone network (PSTN) and cable infrastructures. Power lines, wireless infrastructures and satellite are the other delivery providers. To implement VoIP services, several protocols are used such as inter asterisk exchange (IAX), media gateway control protocol (MGCP), real time protocol (RTP), session initiation protocol (SIP) and H.323 among others. The key benefit of VoIP service is its cost effectiveness. VoIP can also provide phone number portability and rich media services. Moreover, VoIP offers features such as user control interface, integrated applications, service mobility and other features. It is easy to use, install and troubleshoot VoIP services.
Leading players of Voice over Internet Protocol (VoIP) Market:
Vonage Holdings Corp., Microsoft Corporation (Skype), 8Ã—8, Inc., Sprint Corporation, Nextiva, Inc., RingCentral, Inc., Viber Media S.r.l, InPhonex LLC and iNet Telecom Ltd.
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The increase in demand for technological development in network structures, mobile communication and high performance ratio is the key driver for the rising demand for the global VoIP services market. Rising bring your own device (BYOD) popularity coupled with diversification of telecom service providers to VoIP services is expected to drive the global VoIP services market in the near future. Furthermore, the global VoIP services market is motivated by technological advancements. The use of portable devices such as tablets and smartphones has also led to the growth of global VoIP market. VoIP services are economical for both individual and corporate customers. Moreover, VoIP services helps the corporate customers to save the operational cost that is spent on acquiring the traditional communication services. Due to packaged service offerings and cost efficiency, business customers are opting for cloud based VoIP services. Also, telecommunication companies are offering VoIP services their customers constantly, creating a demand for global VoIP market.
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The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
What the report features:-
- Global analysis of Voice over Internet Protocol (VoIP) Market from 2020 – 2025 illustrating the progression of the market.
- Forecast and analysis of Voice over Internet Protocol (VoIP) Market by Dosage, Route of Administration and Application from 2020 – 2025.
- Forecast and analysis of Voice over Internet Protocol (VoIP) Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Voice over Internet Protocol (VoIP) Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Voice over Internet Protocol (VoIP) Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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