Voip Services Market
Voice over internet protocol or IP telephony is a technology that converts voice into digital signal thereby allowing to make a call directly from a VoIP phone, computer, or other data-driven devices. In layman’s terms, a VoIP is a phone service over the internet. It is a cost-effective technology to communicate with people around the globe. The technology makes use of internet as medium for digital signal propagation. The various related terms in VoIP are internet telephony, broadband telephony and IP telephony. These changes are expected to favor the market positively in near future by replacing the vertically separated networks from all IP converged Network. Furthermore, VoIP providers are introducing additional features to attract end users at both corporate and individual levels.
Market Dynamics
Rise in demand for high-speed internet for commercial applications is expected to propel the global VoIP services market growth during the forecast period. Various commercial sectors such as retail, banking and finance, real estate, and others ranging between high and low revenue generation use VoIP services that are being provided by high-speed internet to reduce operational expenses. For instance, digital banking service provided by the banks with internet technology can also provide rapid changes for traditional bank to improve customer service satisfaction and cross-selling ability where commercial banks in the city offer online to offline financial service repetition. Therefore, increasing demand for high-speed internet for commercial applications is expected to drive growth of the global VoIP services market over the forecast period.
However, low-quality service due to changing latencies and dropped packets are expected to hamper growth of the global VoIP services market during the forecast period
Market Taxonomy
This report segments the global VoIP services market on the basis of call type, end-use, configuration, and services. On the basis of call type, the global VoIP services market is segmented into international long distance VoIP calls and domestic VoIP calls. On the basis of end-use, the market is segmented into individual use and corporate use. On the basis of configuration, the market is segmented into computer to computer, computer to phone, and phone to phone. On the basis of services, the market is segmented into SIP Trunking service, Hosted Business IP PBX Service, Managed IP PBX service, and other services.
Key features of the study:
Detailed Segmentation:
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Table of Content
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