The Voice over Internet Protocol Services market was valued at US$ 92 billion in 2016 and is projected to reach US$ 207.3 billion by 2025, according to a new market research report Voice over Internet Protocol Services market by Call Type (International long distance VoIP calls and Domestic VoIP calls), by End User (Individual User and Corporate User), by Configuration (Computer to Computer, Computer to Phone, and Phone to Phone) and by Geography – Global Forecast to 2025, by Coherent Market Insights.
The Voice over Internet Protocol is a communication platform that permits to make calls over internet connection instead of conventional analog telephone lines. The VoIP has become one of the attractive communication option for consumers. The low cost and availability of high speed internet is the major factor driving growth of the market worldwide. Furthermore, 5G technology plays a major role for the futuristic growth of the Voice over Internet Protocol Services market, owing to features of high speed data processing wherein 5G technology improves the real time communication service, which in turn is increasing the demand for VoIP services.
Browse 40 Market Data Tables and 60 Figures spread through 300 Pages and in-depth TOC on "by Call Type (International long distance VoIP calls and Domestic VoIP calls), by End User (Individual User and Corporate User), by Configuration (Computer to Computer, Computer to Phone, and Phone to Phone) and by Geography – Global Forecast to 2025, by Coherent Market Insights."
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Key Takeaways of the Voice over Internet Protocol Services Market:
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