Albany, NY -- (SBWIRE) -- 02/27/2019 -- VoIP Services Market covers diverse sections, such as the Executive summary, Analysis and Forecast, Supply Demand Scenario, Competition Assessment and Research Methodology & Assumptions. The key players in the VoIP Services market are particularly focusing on acquisitions, mergers, expansion, distribution, launching new products and adoption of new technologies.

Overview of VoIP Services Market:

Majority of the companies are adopting the system of Bring Your Own Device (BYOD), hence, the demand for VoIP services is also growing. Moreover, along with updating their services, VoIP service providers are also introducing new features in VoIP services to attract users at both individual and corporate level. New market avenues are likely to open with an increase in international calling. However, governments of different countries are focusing on introducing new regulations in order to save local telecom service providers. This is likely to impact the growth of the global VoIP services market.

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VoIP Services Market Top Key Manufactures covered, with production, price, revenue (value):

1. Vonage Holdings Corporation
2. 8x8 Inc.
3. ShoreTel Nextiva Inc.
4. RingCentral Inc.
5. West Corporation
6. Verizon Communications Inc.
7. Thinking Phone Networks Inc.
8. Inphonex LLC
9. Phone Power LLC.
10. Others

International Long Distance VoIP Calls to Witness Highest Growth in the Global VoIP Services Market

1. Based on the call type, compared to the domestic VoIP call, international long distance VoIP calls are likely to witness significant growth during 2017-2024. By the end of 2024, international long distance VoIP calls are projected to surpass US$ 120 Billion revenue.

2. On the basis of service type, Managed IP PBX service is expected to account for the highest share in the global VoIP services market. Managed IP PBX service is estimated to bring in more than US$ 80 Billion in revenue towards the end of 2024.

3. Based on the configuration, computer-to-phone is likely to witness the highest growth between 2017 and 2024. Computer-to-phone is also projected to bring in more than US$ 100 Billion revenue by 2024 end.

4. In terms of end users, a corporate user is likely to emerge as the largest user of VoIP services market during 2017-2024. By the end of 2024, corporate users are estimated to exceed US$ 120 Billion revenue.

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Significant growth in the VoIP services market can also be attributed to the increasing usage of advanced portable devices such as phablets. With smartphones replacing computers, companies are focusing on developing VoIP software that can integrate with mobile-specific software and application.

Geographically, this VoIP Services Market report is segmented into several key Regions,

1. North America(United States, Canada and Mexico)
2. Europe(Germany, UK, France, Italy, Russia, Spain and Benelux)
3. Asia Pacific(China, Japan, India, Southeast Asia and Australia)
4. Latin America(Brazil, Argentina and Colombia)
5. Middle East and Africa

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