The VoIP services together with UC or Unified Communications industry are predicted to catapult growth amounting to $68 billion to $88 billion by 2018, according to a recently conducted study. These figures, however, are from residential and business segments of the market as they subscribe to managed, cloud, and SIP or Session Initiation Protocol trunking services.
For an enormous market like this, what is stopping these markets from further growth? How much of this market accounts for business VoIP services?
We were fortunate to have some concrete data and information from Diane Myers, the principal analyst for VoIP, UC, and IP Multimedia Subsystem at Infonetics for us to determine what made them reveal such a fearless forecast.
What is the global growth of VoIP services from last year, and how well it progressed with other technologies from the prior years?
In 2013 the global overall business VoIP services grew to about 11% percent. This figure is in fact much lesser from the previous years, but it is still pretty solid growth when we refer to the VoIP services profits being just a little bit over $24 billion. It can be regarded a very significant market for sure. SIP trunking, hosted, cloud, and managed has been seen to be growing at a much greater rate than perhaps the IP connectivity growth and even the managed IP PBX growth. However, we are not referring about the enormity of differences. We are referring to the difference between 34% percent as opposed to the previous 31% percent of the market.
What is the global business VoIP services industry projected growth by 2018?
The business VoIP market is forecasted to grow to approximately $35 billion in revenue by 2018. It will be seen to grow by an $11 million difference from the $24 billion revenue of 2013 to $35 billion by 2018.
How much of the telecom market will remain loyal to the PSTN or public switched telephone network?
The PSTN industry will remain to hold a majority of the overall market. Even in the United States, there are over 50% percent of businesses claim that their connectivity will remain with traditional connections and not through VoIP connectivity.
What will hinder the growth of business VoIP services industry?
When we talk about business VoIP service, there isn’t much to tell. But, on the consumer side, there are governments who might prevent VoIP use. The really huge determining factor is not technology. It is really more of businesses, who want to adopt the technology.
What will further improve the growth of business VoIP services?
The managed services will definitely grow and continue. The projected growth that is emanating from managed services these days will be from individuals who wish to own a private cloud implementation. Furthermore, businesses are moving more towards the cloud, whether it is the private cloud, or a shared cloud.
The VoIP and UC services and subscribers report mentioned SIP trunking shot up by 50% percent by 2013 but was driven predominantly by activity in North America. Why is North Americans leading?
U.S. has been the leading country in terms of the adoption of business VoIP services. But, going forward, we are seeing different countries in Europe emerging and some from the various parts of Asia.
How come SIP trunking is the fastest growing segment of VoIP services?
The hosted or cloud services are not growing that swiftly, but the adoption and market reception was very strong. But the problem is SIP trunking services are expanding from a much rather smaller base.
At the rate VoIP services is going, we will surely see more growth in the years to come. As VoIP experts perfect VoIP technology, more and more businesses will surely consider and adopt these telecoms in the future.
Read more about VoIP:
On Building Lasting Business Relationships: How Business VoIP Providers Help Build These Relationships
For an enormous market like this, what is stopping these markets from further growth? How much of this market accounts for business VoIP services?
We were fortunate to have some concrete data and information from Diane Myers, the principal analyst for VoIP, UC, and IP Multimedia Subsystem at Infonetics for us to determine what made them reveal such a fearless forecast.
What is the global growth of VoIP services from last year, and how well it progressed with other technologies from the prior years?
In 2013 the global overall business VoIP services grew to about 11% percent. This figure is in fact much lesser from the previous years, but it is still pretty solid growth when we refer to the VoIP services profits being just a little bit over $24 billion. It can be regarded a very significant market for sure. SIP trunking, hosted, cloud, and managed has been seen to be growing at a much greater rate than perhaps the IP connectivity growth and even the managed IP PBX growth. However, we are not referring about the enormity of differences. We are referring to the difference between 34% percent as opposed to the previous 31% percent of the market.
What is the global business VoIP services industry projected growth by 2018?
The business VoIP market is forecasted to grow to approximately $35 billion in revenue by 2018. It will be seen to grow by an $11 million difference from the $24 billion revenue of 2013 to $35 billion by 2018.
How much of the telecom market will remain loyal to the PSTN or public switched telephone network?
The PSTN industry will remain to hold a majority of the overall market. Even in the United States, there are over 50% percent of businesses claim that their connectivity will remain with traditional connections and not through VoIP connectivity.
What will hinder the growth of business VoIP services industry?
When we talk about business VoIP service, there isn’t much to tell. But, on the consumer side, there are governments who might prevent VoIP use. The really huge determining factor is not technology. It is really more of businesses, who want to adopt the technology.
What will further improve the growth of business VoIP services?
The managed services will definitely grow and continue. The projected growth that is emanating from managed services these days will be from individuals who wish to own a private cloud implementation. Furthermore, businesses are moving more towards the cloud, whether it is the private cloud, or a shared cloud.
The VoIP and UC services and subscribers report mentioned SIP trunking shot up by 50% percent by 2013 but was driven predominantly by activity in North America. Why is North Americans leading?
U.S. has been the leading country in terms of the adoption of business VoIP services. But, going forward, we are seeing different countries in Europe emerging and some from the various parts of Asia.
How come SIP trunking is the fastest growing segment of VoIP services?
The hosted or cloud services are not growing that swiftly, but the adoption and market reception was very strong. But the problem is SIP trunking services are expanding from a much rather smaller base.
At the rate VoIP services is going, we will surely see more growth in the years to come. As VoIP experts perfect VoIP technology, more and more businesses will surely consider and adopt these telecoms in the future.
Read more about VoIP:
On Building Lasting Business Relationships: How Business VoIP Providers Help Build These Relationships