IP telephony market accounted for US$ 30.26 Bn in 2018 and is anticipated to grow at a CAGR of +11% to account for US$ 73.47 Bn by 2027.
IP telephony market is not just growing, it is accelerating. IP telephony is slowly becoming an integral part of the 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 the internet and can help the users to communicate from practically anywhere in the presence of internet connectivity. Moreover, ease of installation and configuration are other factors driving the growth of the IP telephony market.
It presents the far-reaching outline of the global market based on different parameters like market trends, market shares, size and various specifications of the market. It comprises an enormous database featuring various market segments and sub-segments. Furthermore, researchers throw light on current disclosures, historical records as well as future estimates of the global IP Telephony market.
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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 the Asia Pacific region. The U.S. and Canada are dominating the North America market due to rising technological enhancements and the growing adoption of IP telephony solutions in the region. Moreover, the North America region has a well-established infrastructure, which allows for 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.
Collectively, this research report offers a comprehensive analysis of global IP Telephony market aspects to shape the future of businesses. Moreover, it offers a detailed description of sales patterns and some significant methodologies for boosting the performance of the companies. The notable feature of this research report is, it offers different case studies from various industry experts which helps to direct the businesses towards success. The research report has been compiled through both qualitative and quantitative analysis.
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IP Telephony Market Segmentation:
IP Telephony Market On the basis of product, this report primarily split into
IP Telephony Market On the basis of the end users/applications, this 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.
In This Study, The Years Considered To Estimate The Size Of IP Telephony Market Are As Follows:
- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027
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