Global VoIP Services Market – Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 01/10/2017 -- Global VoIP Services (Domestic VoIP Calls and International Long Distance VoIP Calls) Market by Configuration (Phone-to-Phone, Computer-to-Phone and Computer-to-Computer) for Hosted Business, IP Connectivity, Managed IP PBX, Individual Consumers and Corporate Consumers: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021.
The report covers forecast and analysis for the VoIP services market on a global and regional level. According to the report, global demand for VoIP services market was valued at over USD 83 billion in 2015, is expected to reach above USD 140 billion in 2021 and is anticipated to grow at a CAGR of above 9.1% between 2016 and 2021.The study includes drivers and restraints of the VoIP services market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the VoIP services market on a global level.
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Growing technological advancement for development of network infrastructure and wireless mobile communication majorly drives the VoIP services market. Rise in number of portable device customers, has led the demand for VoIP services. Attributes such as packaged services and the rising demand for portable device is increasing across the individuals and corporate sector resulting into the spurt in demand for VoIP services. Constantly updating services by telecommunication players generates healthy competition among players contributing to escalating demand for VoIP services. However, the lack of acceptance from the local sectors poses impact on the growth of the VoIP services market. Strict rules and regulation from the government to save the local telecom services hinder the growth of market. VoIP services market likely to open new market avenues in the near future owing to moving work force or migration and increasing the international calling.
In order to give the users of this report a comprehensive view on the VoIP services market, we have included a detailed competitive scenario and type portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the VoIP services market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness.
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Based on type, the VoIP services market can be segmented into domestic VoIP calls and international long distance VoIP calls. International long distance VoIP calls emerged as the leading segment with 52% of total revenue share in 2015 and are further expected to rise to 62% in forecast period due to expanding globalization between the business organizations across different industries. Commercial clients in Europe and North America have largest revenue for international long distance VoIP calls. Phone-to-phone, computer-to-phone and computer-to-computer are the configurations for VoIP services. Among all, computer-to-computer segment was the leading configuration in 2015 with more than 35% of share. Phone-to-phone is also estimated to show high growth in VoIP services in the coming up years.
Hosted business, IP connectivity, managed IP PBX, individual consumers and corporate consumers are the key users in VoIP services market. Hosted business held the majority of shares in 2015, in terms of revenue. Managed IP PBX and IP connectivity is likely to experience significant growth within the forecast period.
The study provides a decisive view on the VoIP services market by segmenting the market based on type, configuration, end user and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The VoIP services market can be segmented into domestic VoIP calls and international long distance VoIP calls. Phone-to-phone, computer-to-phone and computer-to-computer are the configurations for VoIP services. Hosted business, IP connectivity, managed IP PBX, individual consumers and corporate consumers are the key users include in VoIP services market. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global VOIP services market include Viber Media S.r.I., InPhonex LLC, Vonage Holdings Corp, AT&T, Microsoft Corporation (Skype), Avaya, Nextiva, Inc., Sprint Corporation, 8×8 Inc., RingCentral, Inc. and Vonage Holdings Corporation among others.
This report segments the VoIP services market as follows:
VoIP Services Market: Type Segment Analysis
Domestic VoIP Calls
International Long Distance VoIP Calls
VoIP Services Market: Configuration Segment Analysis
VoIP Services Market: End user Segment Analysis
Managed IP PBX
VoIP Services Market: Regional Segment Analysis
Middle East and Africa
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