VOIP Market

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VOIP Market Research
Report- Forecast 2023
VOIP Market Research Report- Forecast
2023
P a g e 1 Copyright 2017
Market Research Future.
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VOIP Market Research Report- Forecast 2023
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VOIP Market Research Report- Forecast
2023 Summary The global VOIP Market is projected
to witness a rapid growth during the forecast
period, owing to increasing demand for IP
telephony applications. Moreover, increasing
demand for voice over IP solutions across various
industry verticals and rise in demand for cost
effective and highly secure phone communication
are other major factors driving the growth of
the global VOIP Market. By geography, the global
VOIP Market is segmented into North America,
Europe, Asia Pacific, and Rest of the World. The
North America market is expected to witness a
significant growth and hold the largest share of
the global market during the forecast period.
The U.S and Canada are anticipated to drive the
growth of the IP telephony market in North
America region, owing to the presence of large
number of established key players, such as Avaya
Inc., Cisco Systems, Inc., Polycom Inc., and
Grandstream Networks, Inc., among others in this
region. Due to sustainable and well- established
economies in the region, the market is likely to
show immense growth in the coming future. The
growth of the market in North America region is
also attributed to increased focus of business
organizations towards better management of
business processes and growing dependency of
enterprises on web applications. In the global
VOIP Market, Asia Pacific is anticipated to
witness a relatively faster adoption at the
highest CAGR during the forecast period as
compared to other regions owing to increasing
demand for voice over IP communications across
different industry verticals such as BFSI,
healthcare, retail, and IT telecommunication,
among others, across different countries in the
region.
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• VOIP Market Research Report- Forecast 2023
• Major Key Players
• Ascom Holding AG (Switzerland),
• Avaya Inc. (U.S.),
• Cisco Systems,
• Inc. (U.S.),
• Gigaset Communications (Germany),
• LG Electronics Inc. (South Korea),
• Mitel Networks Corporation (Canada),
• Panasonic Corporation (Japan),
• Polycom Inc. (U.S.),
• Yealink Inc. (China),
• NEC Corporation (Japan),
• Grandstream Networks,
• Inc. (U.S.).

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VOIP Market Research Report- Forecast 2023
Segmentation The global VOIP Market is segmented
on the basis of component, organization size,
connectivity, and vertical. The vertical segment
is classified into BFSI, healthcare,
manufacturing, IT telecommunication, retail,
government and others. However, the IT
telecommunication sub segment is expected to grow
at the highest rate during the forecast period.
This is owing to the considerable technological
shift of large enterprises towards adoption of
voice over IP applications
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VOIP Market Research Report- Forecast 2023
Regional Analysis North America is estimated to
account for the largest share of the market,
whereas Asia Pacific is projected to grow at the
fastest rate during the forecast period. The
market in North America is witnessing a rapid
growth due to technological advancements and
rise in demand for IP telephony solutions across
different industry verticals in this region. The
U.S. holds the majority of market share both in
terms of revenue as well as owing to the
increased demand for IP telephony solutions in IT
and telecommunication industry as well as
growing demand for cost effective solutions for
the same.
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VOIP Market Research Report- Forecast
2023
(Germany) are focusing on the
digital utilities transformation. P a g e
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