IP telephony market is not just growing, it is accelerating. IP telephony is slowly becoming an integral part of day to day operations in modern day organizations. IP telephony provides better connectivity and mobility, along with significant cost savings on phone calls. IP phone systems transmit data over internet and can help the users to communicate from practically anywhere in presence of internet connectivity. Moreover, ease of installation and configuration are other factors driving the growth of IP telephony market.
IP telephony market accounted to US$ 30.26 Bn in 2018 and is anticipated to grow at a CAGR of +11% to account for US$ 73.47 Bn by 2026.
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Top Key Players:
Ascom Holding AG, Avaya Inc., Cisco Systems, Inc., Gigaset Communications, LG Electronics., Mitel Networks Corporation, Panasonic Corporation, Polycom, Inc., Yealink Inc., NEC Corporation and Grandstream Networks, Inc.
The North America region holds the largest share of the global IP Telephony market, followed by Europe and Asia Pacific region. The U.S. and Canada are dominating the North America market due to rising technological enhancements and growing adoption of IP telephony solutions in the region. Moreover, the North America region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of IP telephony solutions across different industry verticals such as BFSI, healthcare, and retail, among others is another major factor driving the growth of the IP telephony market in the region.
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IP Telephony Market Segmentation:
On the basis of product, this IP Telephony Market report primarily split into
On the basis of the end users/applications, this IP Telephony Market report focuses on
- Government Organizations
Global IP Telephony Market provides the latest information on the present and the future industry trends, allowing the readers to identify the products and services, hence driving the revenue growth and profitability. The research report provides an in-depth study of all the leading factors influencing the market on a global and regional level, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends.
Reasons to purchase this research report:
- It offers a complete analysis of changing the market scenario
- It offers better insights into global IP Telephony market
- Profiling of leading key players, and vendors
- It offers an estimation of market value and market shares
- To get a detailed informative data of global competitors
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