VOIP Services Market 2021-2026
New Study Reports ” VOIP Services Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2026″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “VOIP Services Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The VOIP Services Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the VOIP Services market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
According to the latest market report published by Persistence Market Research titled, “Global Market Study on VoIP Services: Increasing Hybrid Cloud Communications in Small and Large Enterprises to Drive Market Growth over the Forecast Period, 2016 – 2024,” the global VoIP services market was valued at US$ 85.9 Bn in 2015 and is anticipated to increase at a CAGR of 9.5% over 2016 – 2024, to reach US$ 194.5 Bn by 2024.
Currently, the global VoIP services market is mainly driven by factors such as low maintenance cost with higher flexibility and minimum staff support, along with wider connectivity, increasing internet penetration in semi-urban and satellite cities as the internet is a basic tool and a global platform to make a business grow fast and in a more economical way. However, factors such as fluctuations in internet quality may affect market growth and can be a prominent restraint. During peak hours, the network may be congested due to many subscribers using internet services in a locality through single-cable network line and unsatisfactory contract proposals are some of the major factors expected to restrain growth of the global VoIP services market during the forecast period.
The global VoIP services market is anticipated to increase at a CAGR of 9.5% in terms of revenue over 2016–2024, to be valued at US$ 194.5 Bn by 2024.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Vonage Holdings Corporation, 8×8 Inc., ShoreTel Nextiva Inc., RingCentral Inc., West Corporation, Verizon Communications Inc., Thinking Phone Networks, Inc., Inphonex LLC, and Phone Power LLC and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the VOIP Services.
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In this report, the global VoIP services market has been segmented on the basis of call type, end use, configuration, services, and region. The APAC VoIP services market is expected to account for the highest market value share in the global VoIP services market by 2024 end, followed by Europe. The Latin America VoIP services market is expected to be the fastest growing market over the forecast period. Growth of the Europe VoIP services market is primarily attributed to the introduction of a large number of small and medium-sized enterprises. Also, expansion of the unified communication market in Belgium is expected to support growth of the VoIP service market in Europe over the forecast period. The VoIP services market in Europe is expected to increase at a CAGR of 8.4% in terms of value over the forecast period.
The North America VoIP services market is expected to witness moderate growth over the forecast period; it accounted for 27.0% value share of the overall market in 2015 and is expected to register a moderate CAGR of 8.5% in terms of value over the forecast period. Increasing adoption of bring your own device (BYOD) policy is a major factor expected to drive growth of the VoIP services market in North America.
The report provides detailed information about various market trends and offers analysis and insights about the potential of the global VoIP services market. Furthermore, the VoIP services market is segmented on the basis of call type into international long-distance VoIP calls and domestic VoIP calls. International long-distance VoIP services segment is estimated to be the highest contributor to the global VoIP services market in terms of value share by 2016 end, followed by domestic VoIP call segment.
The VoIP services market has also been segmented on the basis of end use into Individual User and Corporate User. Individual User segment is expected to be the fastest growing segment in the end-use category over the forecast period. The segment is expected to increase at a CAGR of 9.2% over the forecast period in terms of revenue.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
VOIP Services Market Manufacturers
VOIP Services Market Distributors/Traders/Wholesalers
VOIP Services Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the VOIP Services Market Report:
- The VOIP Services Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the VOIP Services Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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