Global Virtual VoIP Apps Supply, Demand and Key Producers, 2023-2029

Global Virtual VoIP Apps Supply, Demand and Key Producers, 2023-2029

The global Virtual VoIP Apps market size is expected to reach $ 35740 million by 2029, rising at a market growth of 10.5% CAGR during the forecast period (2023-2029).

The key players of Virtual VoIP Apps include Zoom, Rakuten Viber, Cisco, Microsoft, Mitel, RingCentral, Avaya, Twilio, Meta, 8x8, etc. The top five players have a combined market share of about 36%.

North America is the world's largest market with about 38%, followed by Europe with about 28%. The market share in the Asia-Pacific region will increase in the future.

It is mainly divided into Android OS, iOS, Window OS and other subcategories, among which Android OS has the highest market share of about 40%.

Its end customers include SMEs and large enterprises. The percentage of SMEs is even higher, at about 58%.

A virtual phone system is a communication platform that allows you to make and receive calls through the internet and the cloud rather than through a physical landline. A virtual phone system lets users make and receive calls on a desktop app, mobile phone, or desk phone, all from a single business phone number.

Voice over internet protocol (VoIP) is a type of phone system that uses an internet connection to make and receive calls, rather than traditional landlines.

VoIP converts your phone calls into data that is sent over the internet. You can use the Ethernet cables or skip them if you have a strong Wi-Fi signal. It does so at a much lower cost than older telephone systems. Voice over IP has many advantages over traditional phone service.

Cloud telephony is a type of unified communications as a service (UCaaS), essentially enabling organisations to run a business phone system through their internet connection.

Also commonly known as cloud calling, cloud telephony offers business voice services, run and managed by a third-party operator or host. A cloud phone system, often in the form of a VoIP- based hosted PBX system (voice over internet protocol), carries voice calls as well as messaging, video calls and file sharing all under one unified platform via your business internet connectivity.

On a practical level, cloud telephony works in the same way as any other VoIP service, by converting analogue voice signals into data packets and transmitting them over an internet connection. In the case of cloud telephony, when a user dials a phone number using a VoIP desk phone or softphone, the call is routed by a third-party VoIP service provider.

This report studies the global Virtual VoIP Apps demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Virtual VoIP Apps, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Virtual VoIP Apps that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Virtual VoIP Apps total market, 2018-2029, (USD Million)

Global Virtual VoIP Apps total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Virtual VoIP Apps total market, key domestic companies and share, (USD Million)

Global Virtual VoIP Apps revenue by player and market share 2018-2023, (USD Million)

Global Virtual VoIP Apps total market by Type, CAGR, 2018-2029, (USD Million)

Global Virtual VoIP Apps total market by End User, CAGR, 2018-2029, (USD Million)

This reports profiles major players in the global Virtual VoIP Apps market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zoom, Rakuten Viber, Cisco, Microsoft, Mitel, RingCentral, Avaya, Twilio and Meta, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Virtual VoIP Apps market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by End User. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Virtual VoIP Apps Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Virtual VoIP Apps Market, Segmentation by Type
Android OS
iOS
Window OS
Others

Global Virtual VoIP Apps Market, Segmentation by End User
SMEs
Large Enterprises
Others

Companies Profiled:
Zoom
Rakuten Viber
Cisco
Microsoft
Mitel
RingCentral
Avaya
Twilio
Meta
8x8
Verizon
Enreach
GoTo
Vonage
Ooma
TextNow
Aircall
AVOXI
Dialpad
Sangoma Technologies
Dstny
NFON
Nextiva
Grasshopper
3CX
Google
Ziff Davis
OpenPhone
CounterPath (Alianza)

Key Questions Answered

1. How big is the global Virtual VoIP Apps market?

2. What is the demand of the global Virtual VoIP Apps market?

3. What is the year over year growth of the global Virtual VoIP Apps market?

4. What is the total value of the global Virtual VoIP Apps market?

5. Who are the major players in the global Virtual VoIP Apps market?

6. What are the growth factors driving the market demand?