Global VoIP Desktop Phone Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global VoIP Desktop Phone Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Voice over Internet Protocol – also called VoIP and IP telephony – is fast becoming a business standard all over the world. It allows voice, video, and collaborative interactivity without using dedicated phone lines, and is often less expensive than traditional telephone services.

VoIP phones can be simple software-based softphones or purpose-built hardware devices that appear much like an ordinary telephone or a cordless phone. Traditional PSTN phones are used as VoIP phones with analog telephone adapters (ATA).

A VoIP phone or application may have many features an analog phone doesn't support, such as e-mail-like IDs for contacts that may be easier to remember than names or phone numbers, or easy sharing of contact lists among multiple accounts. Generally, the features of VoIP phones follow those of Skype and other PC-based phone services, which have richer feature sets but (because they rely on mainstream operating systems' IP support) latency-related audio problems.

Market Overview:

The latest research study on the global VoIP Desktop Phone market finds that the global VoIP Desktop Phone market reached a value of USD 3003.28 million in 2022. It’s expected that the market will achieve USD 4669.3 million by 2028, exhibiting a CAGR of 7.63% during the forecast period.

Diversity of industry regulatory policies in various countries

The impact of policies on the VoIP industry is decisive. The current policy impact on the industry is characterized by stricter controls, especially in China, where VoIP operations require a basic telecommunications business license.

Various types of terminal equipment have certain substitutability

The concept of unified communication is any time, any network, any device, free communication, with various terminal devices such as desktop terminals, mobile phones, tablet computers, home phones, etc.

Traditional telephone terminals are gradually withdrawing from the market

In countries such as the United States and Europe, this trend is very obvious, and VoIP communication will replace the traditional telephone will be an inevitable result. In this alternative process, the market will release a large demand for VoIP communication terminals, as well as the enterprise communication market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (46.47% in 2022).

Company Overview:

Cisco is one of the major players operating in the VoIP Desktop Phone market, holding a share of 30.52% in 2023.

Cisco

Cisco, designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.

Polycom

Polycom, Inc. develops, manufactures, and markets a line of video, voice, data, and web conferencing collaboration solutions. The Company's solutions include enterprise video and voice communications end-points, network infrastructure, management products, product maintenance, and other professional services.

Segmentation Overview:

Among different product types, Wired segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the IT & Telecommunication segment occupied the biggest share from 2018 to 2022.

Key Companies in the global VoIP Desktop Phone market covered in Chapter 3:

Cisco
Alcatel-Lucent Enterprise
Grandstream Networks
Fanvil
Yealink
Polycom
Avaya
VTech

In Chapter 4 and Chapter 14.2, on the basis of types, the VoIP Desktop Phone market from 2018 to 2029 is primarily split into:

Wired
Wireless

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the VoIP Desktop Phone market from 2018 to 2029 covers:

Healthcare
Manufacturing
IT & Telecommunication
Retail
Government and BFSI
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)