Global Virtual VoIP Apps Market Growth (Status and Outlook) 2023-2029

Global Virtual VoIP Apps Market Growth (Status and Outlook) 2023-2029

The global Virtual VoIP Apps market size is projected to grow from US$ 16860 million in 2022 to US$ 35920 million in 2029; it is expected to grow at a CAGR of 11.4% from 2023 to 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.

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

This Insight Report provides a comprehensive analysis of the global Virtual VoIP Apps 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 Virtual VoIP Apps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Virtual VoIP Apps market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Virtual VoIP Apps and breaks down the forecast by type, by end user, 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 Virtual VoIP Apps.

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

Market Segmentation:

Segmentation by type
Android OS
iOS
Window OS
Others

Segmentation by end user
SMEs
Large Enterprises
Others

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.
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)

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