Internet Protocol telephony Market

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Internet Protocol telephony Market Research
Report- Forecast 2023
Internet Protocol telephony Market Research
Report- Forecast 2023
P a g e
1 Copyright 2017 Market Research Future.
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Internet Protocol telephony Market Research
Report- Forecast 2023
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Internet Protocol telephony Market Research
Report- Forecast 2023 Summary The global Internet
Protocol telephony market is projected to witness
a rapid growth during the forecast period, owing
to increasing demand for Internet Protocol
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 Internet Protocol telephony market. By
geography, the global Internet Protocol telephony
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
Internet Protocol telephony 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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• Internet Protocol telephony 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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Internet Protocol telephony Market Research
Report- Forecast 2023
Segmentation The global Internet Protocol
telephony 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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Internet Protocol telephony 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 Internet Protocol 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 Internet
Protocol telephony solutions in IT and
telecommunication industry as well as growing
demand for cost effective solutions for the same.
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Internet Protocol telephony Market Research
Report- Forecast 2023
(Germany) are
focusing on the digital utilities
transformation. P a g e 7 Copyright 2017
Market Research Future.