Voice Over Internet Protocol (VoIP) Market - Global Industry Analysis

Voice Over Internet Protocol (VoIP) Market – By Call Type (International VoIP Calls and Domestic Calls); By End-Use (Individual Users, Large & Giant Firms, and Small & Medium Enterprises), By Application (IT & Telecom, Healthcare, Education, Hospitality, BFSI, Public Sector, and Retail); and by Region¬–Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2020-2026

Published Date: 07-May-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-6224 Status : Published

The global Voice Over Internet Protocol (VoIP) Market, which was estimated at 28 (USD Billion) in 2019 and is anticipated to accrue earnings worth 36 (USD Billion) by 2026, is set to record a CAGR of nearly 14.5% over 2020-2026.

Description

The global Voice Over Internet Protocol (VoIP) Market, which was estimated at 28 (USD Billion) in 2019 and is anticipated to accrue earnings worth 36 (USD Billion) by 2026, is set to record a CAGR of nearly 14.5% over 2020-2026. The report offers valuation and analysis of Voice Over Internet Protocol (VoIP) Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Report Scope : 

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Voice over Internet Protocol (VoIP) Market Insights

VoIP helps an individual make voice calls over internet. Moreover, WhatsApp calls, Skype Calls, and Google Voice Calls are some of the best examples of voice over internet call services. Apparently, wireless networks at hospitals, clinics, cafes, railway stations, and airports provides an individual with the facility of Voice calls over internet through use of wireless VoIP service  available & accessible at these locations. Reportedly, a large chunk of population in the range of 18-35 years across both the developed & aspiring countries make use of  voice over internet protocol services across the globe. The reason being that internet technologies are highly popular among these young customers and are available at reasonable costs.

Voice over Internet Protocol (VoIP) Market Drivers

VoIP offers more benefits as compared to conventional phone and this will drive market trends. Rise in the use of cloud VoIP solutions due to cost-effectiveness and robust growth in wireless communications will spur voice over internet protocol (VoIP) industry size during 2020-2026. Apart from this,         onset of 4G and 5G technologies is anticipated to bring a paradigm shift in VoIP services, thereby boosting the expansion of voice over internet protocol (VoIP) market over the assessment period. Need for good & feasible audio quality solutions and efficient communication services will create lucrative growth avenues for voice over internet (VoIP) industry in the years to come.

Moreover, novel coronavirus -19 pandemic has forced firms to switch to new working protocols as a result of work from home activities, thereby upsurging the use of VoIP services. This, in turn, will embellish the market value. Rise in acceptance of VoIP services by schools & universities for conducting online lectures will add tremendously towards overall industry revenue over 2020-2026. In addition to this, doctors have made use of VoIP solutions for imparting virtual trainings & meetings. This will further expand the scope of the business in the foreseeable future.

Regional Landscape

Asia Pacific Market To Witness Ascension in Size Over 2020-2026

The market growth in APAC over assessment period can be credited to surge in the use of internet in the region since last two decades. VoIP Technology is replacing conventional telecom network services in countries such as China and India. This will help market explore new areas having untapped growth potential in the region and will add to rapid expansion of the market size in the sub-continent. For the record, China is focusing on offering mobile VoIP services for smartphone users and this will help VoIP technology to increase its reach even to the far-flung & remote areas and this will spearhead the industry landscape.

Moreover, the move will  not only help in fulfilling the unmet requirements of the users but will boost the entrepreneurial growth as well as business activities in the country due to efficient & uninterrupted network communications offered by VoIP systems. All these factors will further add to the regional market value. Furthermore, increase in the number of startups in the region due to supportive government schemes will pave a way for enormous industry surge in the sub-continent.

Competitive Landscape

Key players profiled in the study include ZTE Corporation, Alcatel Lucent, Mitel, AT&T, Avaya, Cisco, Citrix, Verizon, Deutsche Telekom, RingCentral, Ribbon Communication, Vonage, Google, Inc., Huawei Technologies, Microsoft Corporation, Telenor, Nextiva, and Jive Communication.

The global Voice Over Internet Protocol (VoIP) Market is segmented as follows:

By End-Use  

  • Individual Users
  • Large & Giant Firms
  • Small & Medium Enterprises

By Application

  • IT & Telecom
  • Healthcare
  • Education
  • Hospitality
  • BFSI
  • Public Sector
  • Retail

By Call Type

  • International VoIP Calls
  • Domestic Calls

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Voice Over Internet Protocul (VoIP) Market, 2016–2026(USD Billion)
    • 2.2. Voice Over Internet Protocul (VoIP) Market: Snapshot
  • Chapter 3. Global Voice Over Internet Protocul (VoIP) Market– Industry Analysis
    • 3.1. Voice Over Internet Protocul (VoIP) Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Doctors have made use of VoIP sulutions for imparting virtual trainings & meetings. This will further expand the scope of the market in the foreseeable future.
      • 3.2.2. Rise in the use of cloud VoIP sulutions due to cost-effectiveness and robust growth in wireless communications will spur voice over internet protocul (VoIP) industry size during 2020-2026.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By End-Use
      • 3.4.3. Market attractiveness analysis By Call Type
  • Chapter 4. Global Voice Over Internet Protocul (VoIP) Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Voice Over Internet Protocul (VoIP) Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Voice Over Internet Protocul (VoIP) Market– End-Use Analysis
    • 5.1. Global Voice Over Internet Protocul (VoIP) Market overview: By End-Use
      • 5.1.1. Global Voice Over Internet Protocul (VoIP) Market share, By End-Use , 2019 and 2026
    • 5.2. Individual Users
      • 5.2.1. Global Voice Over Internet Protocul (VoIP) Market by Individual Users, 2016–2026(USD Billion)
    • 5.3. Large & Giant Firms
      • 5.3.1. Global Voice Over Internet Protocul (VoIP) Market by Large & Giant Firms, 2016–2026(USD Billion)
    • 5.4. Small & Medium Enterprises
      • 5.4.1. Global Voice Over Internet Protocul (VoIP) Market by Small & Medium Enterprises, 2016–2026(USD Billion)
  • Chapter 6. Global Voice Over Internet Protocul (VoIP) Market– Application Analysis
    • 6.1. Global Voice Over Internet Protocul (VoIP) Market overview: By Application
      • 6.1.1. Global Voice Over Internet Protocul (VoIP) Market share, By Application, 2019 and 2026
    • 6.2. IT & Telecom
      • 6.2.1. Global Voice Over Internet Protocul (VoIP) Market by IT & Telecom, 2016–2026(USD Billion)
    • 6.3. Healthcare
      • 6.3.1. Global Voice Over Internet Protocul (VoIP) Market by Healthcare, 2016–2026(USD Billion)
    • 6.4. BFSI
      • 6.4.1. Global Voice Over Internet Protocul (VoIP) Market by BFSI, 2016–2026(USD Billion)
    • 6.5. Public Sector
      • 6.5.1. Global Voice Over Internet Protocul (VoIP) Market by Public Sector, 2016–2026(USD Billion)
    • 6.6. Hospitality
      • 6.6.1. Global Voice Over Internet Protocul (VoIP) Market by Hospitality, 2016–2026(USD Billion)
    • 6.7. Education
      • 6.7.1. Global Voice Over Internet Protocul (VoIP) Market by Education, 2016–2026(USD Billion)
    • 6.8. Retail
      • 6.8.1. Global Voice Over Internet Protocul (VoIP) Market by Retail, 2016–2026(USD Billion)
  • Chapter 7. Global Voice Over Internet Protocul (VoIP) Market– Call Type Analysis
    • 7.1. Global Voice Over Internet Protocul (VoIP) Market overview: By Call Type
      • 7.1.1. Global Voice Over Internet Protocul (VoIP) Market share, By Call Type, 2019 and 2026
    • 7.2. International VoIP Calls
      • 7.2.1. Global Voice Over Internet Protocul (VoIP) Market by International VoIP Calls, 2016–2026(USD Billion)
    • 7.3. Domestic Calls
      • 7.3.1. Global Voice Over Internet Protocul (VoIP) Market by Domestic Calls, 2016–2026(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. ZTE Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Service Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Alcatel Lucent
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Service Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Development
    • 8.3. Mitel
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Service Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. AT&T
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Service Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Avaya
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Service Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Cisco
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Service Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Citrix
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Service Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Verizon
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Service Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Deutsche Telekom
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Service Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. RingCentral
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Service Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Ribbon Communication
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Service Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. Vonage
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Service Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development
    • 8.13. Google, Inc.
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Service Portfolio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Development
    • 8.14. Huawei Technulogies
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Service Portfolio
      • 8.14.4. Business Strategy
      • 8.14.5. Recent Development
    • 8.15. Microsoft Corporation
      • 8.15.1. Overview
      • 8.15.2. Financials
      • 8.15.3. Service Portfolio
      • 8.15.4. Business Strategy
      • 8.15.5. Recent Development
    • 8.16. Telenor
      • 8.16.1. Overview
      • 8.16.2. Financials
      • 8.16.3. Service Portfolio
      • 8.16.4. Business Strategy
      • 8.16.5. Recent Development
    • 8.17. Nextiva
      • 8.17.1. Overview
      • 8.17.2. Financials
      • 8.17.3. Service Portfolio
      • 8.17.4. Business Strategy
      • 8.17.5. Recent Development
    • 8.18. Jive Communication
      • 8.18.1. Overview
      • 8.18.2. Financials
      • 8.18.3. Service Portfolio
      • 8.18.4. Business Strategy
      • 8.18.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Voice Over Internet Protocol (VoIP)   Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Voice Over Internet Protocol (VoIP)   Marketattractiveness, By End-Use
6. Global Voice Over Internet Protocol (VoIP)   Marketattractiveness, By Application
7. Global Voice Over Internet Protocol (VoIP)   Marketattractiveness, By Call Type
8. Global Voice Over Internet Protocol (VoIP)   Marketshare by End-Use,2019 and 2026 (USD Billion)
9. Global Voice Over Internet Protocol (VoIP)   Marketby Individual Users, 2016–2026(USD Billion)
10. Global Voice Over Internet Protocol (VoIP)   Marketby Large & Giant Firms, 2016–2026(USD Billion)
11. Global Voice Over Internet Protocol (VoIP)   Marketby Small & Medium Enterprises, 2016–2026(USD Billion)
12. Global Voice Over Internet Protocol (VoIP)   Marketshare by Application ,2019 and 2026 (USD Billion)
13. Global Voice Over Internet Protocol (VoIP)   Marketby IT & Telecom, 2016–2026(USD Billion)
14. Global Voice Over Internet Protocol (VoIP)   Marketby Healthcare, 2016–2026(USD Billion)
15. Global Voice Over Internet Protocol (VoIP)   Marketby Retail, 2016–2026(USD Billion)
16. Global Voice Over Internet Protocol (VoIP)   Marketby Public Sector, 2016–2026(USD Billion)
17. Global Voice Over Internet Protocol (VoIP)   Marketby BFSI, 2016–2026(USD Billion)
18. Global Voice Over Internet Protocol (VoIP)   Marketby Hospitality, 2016–2026(USD Billion)
19. Global Voice Over Internet Protocol (VoIP)   Marketby Education, 2016–2026(USD Billion) 
20. Global Voice Over Internet Protocol (VoIP)   Marketshare by Call Type ,2019 and 2026 (USD Billion) 
21. Global Voice Over Internet Protocol (VoIP)   Marketby International VoIP Calls, 2016–2026(USD Billion)
22. Global Voice Over Internet Protocol (VoIP)   Market by Domestic Calls, 2016–2026(USD Billion) 
23. Global Voice Over Internet Protocol (VoIP)   Marketshare, by Region, 2019 and 2026
24. North America Voice Over Internet Protocol (VoIP)   Market, 2016–2026(USD Billion)
25. Europe Voice Over Internet Protocol (VoIP)   Market, 2016–2026(USD Billion)
26. Asia Pacific Voice Over Internet Protocol (VoIP)   Market, 2016–2026(USD Billion)
27. Latin America Voice Over Internet Protocol (VoIP)   Market, 2016–2026(USD Billion)
28. The Middle East and Africa Voice Over Internet Protocol (VoIP)   Market, 2016–2026(USD Billion)


List of Tables

1. Global Voice Over Internet Protocol (VoIP)   Market: snapshot
2. Drivers of the Voice Over Internet Protocol (VoIP)   Market: impact analysis
3. North America Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
4. North America Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
5. North America Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
6. The U.S. Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
7. The U.S. Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
8. The U.S. Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
9. Rest of North America Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
10. Rest of North America Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
11. Rest of North America Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
12. Europe Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
13. Europe Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
14. Europe Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
15. UK Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
16. UK Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
17. UK Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
18. France Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
19. France Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
20. France Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
21. Germany Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
22. Germany Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
23. Germany Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
24. Rest of Europe Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
25. Rest of Europe Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
26. Rest of Europe Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
27. Asia Pacific Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
28. Asia Pacific Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
29. Asia Pacfic Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
30. China Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
31. China Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
32. China Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
33. Japan Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use ,2016–2026(USD Billion)
34. Japan Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
35. Japan Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
36. India Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
37. India Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
38. India Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
39. Rest of Asia Pacific Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
40. Rest of Asia Pacific Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
41. Rest of Asia Pacific Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
42. Latin America Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
43. Latin America Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
44. Latin America Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
45. Brazil Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
46. Brazil Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
47. Brazil Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
48. Rest of Latin America Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
49. Rest of Latin America Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
50. Rest of Latin America Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
51. The Middle East and Africa Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
52. The Middle East and Africa Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
53. The Middle East and Africa Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
54. Saudi Arabia Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
55. Saudi Arabia Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
56. Saudi Arabia Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
57. South Africa Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
58. South Africa Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
59. South Africa Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)
60. Rest of the Middle East & Africa Voice Over Internet Protocol (VoIP)   Market revenue, By End-Use  ,2016–2026(USD Billion)
61. Rest of the Middle East & Africa Voice Over Internet Protocol (VoIP)   Market revenue, By Application,2016–2026(USD Billion)
62. Rest of the Middle East & Africa Voice Over Internet Protocol (VoIP)   Market revenue, By Call Type,2016–2026(USD Billion)

 
 

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FrequentlyAsked Questions

VoIP offers more benefits as compared to conventional phone and this will drive market trends. Rise in the use of cloud VoIP solutions due to cost-effectiveness and robust growth in wireless communications will spur voice over internet protocol (VoIP) industry size during 2020-2026. Apart from this,         onset of 4G and 5G technologies is anticipated to bring a paradigm shift in VoIP services, thereby boosting the expansion of voice over internet protocol (VoIP) market over the assessment period. Need for good & feasible audio quality solutions and efficient communication services will create lucrative growth avenues for voice over internet (VoIP) industry in the years to come. Moreover, novel coronavirus -19 pandemic has forced firms to switch to new working protocols as a result of work from home activities, thereby upsurging the use of VoIP services. This, in turn, will embellish the market value. Rise in acceptance of VoIP services by schools & universities for conducting online lectures will add tremendously towards overall industry revenue over 2020-2026.

 

According to Zion market research report, the global Voice Over Internet Protocol (VoIP) Market, which was estimated at 28 (USD Billion) in 2019 and is anticipated to accrue earnings worth 36 (USD Billion) by 2026, is set to record a CAGR of nearly 14.5% over 2020-2026.

Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to surge in the use of internet in the region since last two decades. VoIP Technology is replacing conventional telecom network services in countries such as China and India. This will help market explore new areas having untapped growth potential in the region and will add to rapid expansion of the market size in the sub-continent. For the record, China is focusing on offering mobile VoIP services for smartphone users and this will help VoIP technology to increase its reach even to the far-flung & remote areas and this will spearhead the industry landscape.

Furthermore, the move will  not only help in fulfilling the unmet requirements of the users but will boost the entrepreneurial growth as well as business activities in the country due to efficient & uninterrupted network communications offered by VoIP systems. All these factors will further add to the regional market value.

The key market participants include ZTE Corporation, Alcatel Lucent, Mitel, AT&T, Avaya, Cisco, Citrix, Verizon, Deutsche Telekom, RingCentral, Ribbon Communication, Vonage, Google, Inc., Huawei Technologies, Microsoft Corporation, Telenor, Nextiva, and Jive Communication.

 

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