Who are the leading providers of VoIP services worldwide?

Some of the leading players in the business scenario include Alcatel Lucent Enterprise (Nokia Networks), ZTE Corporation, Mitel Networks Corporation, Ericsson, Telenor Group, and Verizon Communications Inc.

What are the factors driving the adoption of VoIP solutions across North America?

The North America VOIP market size valued at over USD 15 Billion in 2022 driven by factors like widespread espousal of cloud services and the rise in the trend of remote working.

How big is the VoIP market?

The market size of voice over internet protocol (VoIP) accounted for more than USD 40 billion in 2022 and is expected to observe over 10% CAGR from 2023 to 2032, says this GMI report.

Why is computer-to-phone VoIP calling gaining popularity?

VoIP industry from the computer-to-Phone access type segment is projected to capture over 40% share by 2032 as the system enables effective communication for both commercial & domestic purposes.

VoIP Market Trends

Report ID: GMI2989

Published Date: August 2023

Report Format: PDF

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High popularity of residential VoIP to influence Market Trends

VoIP market from the consumer end-use segment is anticipated to witness 10% growth rate through 2032. Residential VoIP is becoming popular since it is affordable and provides more features compared to landlines. Due to the unlimited calling and other features, including call waiting, call forwarding, and caller ID, which is often charged by traditional phone carriers, many residential consumers are switching from traditional landlines to residential VoIP.

Impact of the COVID-19 pandemic on Market Trends

The COVID-19 pandemic has influenced the working practices of businesses across the globe due to restrictions on movement. VoIP has enabled continuity and smooth transitions to remote working practices for businesses worldwide. The system has helped employees and employers to stay connected while negating the geographical aspects. Continued adoption of remote working practices post the pandemic will have a positive influence on global VoIP market development.

Authors: Preeti Wadhwani,

Frequently Asked Question(FAQ) :

Who are the leading providers of VoIP services worldwide?: Some of the leading players in the business scenario include Alcatel Lucent Enterprise (Nokia Networks), ZTE Corporation, Mitel Networks Corporation, Ericsson, Telenor Group, and Verizon Communications Inc.
What are the factors driving the adoption of VoIP solutions across North America?: The North America VOIP market size valued at over USD 15 Billion in 2022 driven by factors like widespread espousal of cloud services and the rise in the trend of remote working.
How big is the VoIP market?: The market size of voice over internet protocol (VoIP) accounted for more than USD 40 billion in 2022 and is expected to observe over 10% CAGR from 2023 to 2032, says this GMI report.
Why is computer-to-phone VoIP calling gaining popularity?: VoIP industry from the computer-to-Phone access type segment is projected to capture over 40% share by 2032 as the system enables effective communication for both commercial & domestic purposes.

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Authors: Preeti Wadhwani,

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Premium Report Details

Base Year: 2022

Companies covered: 20

Tables & Figures: 606

Countries covered: 21

Pages: 300

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VoIP Market Trends

High popularity of residential VoIP to influence Market Trends

Impact of the COVID-19 pandemic on Market Trends

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