Global Business VoIP Services Market Growth (Status and Outlook) 2023-2029

Global Business VoIP Services Market Growth (Status and Outlook) 2023-2029

VoIP functions on broadband networks using packet switched telephone networks (PSTNs), unlike traditional calls on circuit switched networks. PSTNs are more efficient than legacy systems (circuited switched networks), and information can be routed in packets over optimized paths. VoIP allows IP calls over mobile networks (3G/LTE) or fixed networks, such as wireless hotspots, Wi-Fi, and worldwide interoperability for microwave access (WiMAX) networks. VoIP bypasses the originating mobile carrier's telephony network and allows inexpensive calls on mobiles through the ISP networks. It also offers low-cost international calls, and roaming calls, without the need for extensive infrastructures such as PCs and DSL modems.

LPI (LP Information)' newest research report, the “Business VoIP Services Industry Forecast” looks at past sales and reviews total world Business VoIP Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Business VoIP Services sales for 2023 through 2029. With Business VoIP Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Business VoIP Services industry.

This Insight Report provides a comprehensive analysis of the global Business VoIP Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Business VoIP Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Business VoIP Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Business VoIP Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Business VoIP Services.

The global Business VoIP Services market size is projected to grow from US$ 26630 million in 2022 to US$ 31750 million in 2029; it is expected to grow at a CAGR of 2.5% from 2023 to 2029.

A large number of consumers are still apprehensive about the use of voice communication over internet bandwidth on account of data privacy and security concerns. This is anticipated to restrict the adoption of VoIP services. In addition to this senior citizens are not used to voice communication over the internet and find it more comfortable to make use of analog telephone lines for voice communication. This is expected to limit the growth of the VIP Services Market. In addition to this, senior citizens are also apprehensive about the quality of communication over internet bandwidth and refrain from upgrading themselves to the latest technology and continue to make use of and love telephone lines for voice communication.

This report presents a comprehensive overview, market shares, and growth opportunities of Business VoIP Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
One-Piece-Ball
Two-Piece-Ball
Three-Piece-Ball
Others

Segmentation by application
Commercial
Personal

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AT&T
RingCentral
8x8
Vonage Business
Intermedia
Mitel
Fonality
Citrix
Dialpad
ShoreTel
Microsoft Skype
Nextiva

Please note: The report will take approximately 2 business days to prepare and deliver.