Global IP Telephony Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “IP Telephony Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the IP Telephony Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the IP Telephony Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
IP telephony is referred as Internet Protocol Telephony is a term related to technologies that use the internet protocol’s packet-switched connections. These connections are used to exchange voice, fax, and other related information that is carried over circuit-switched connections of the public switched telephone network (PSTN). The important challenge in IP telephony is to deliver the voice, fax, or video packets in a dependable flow to the user.
The growth of the market is increasing because of increasing adoption of smart phones, and rising demand for VoIP services. One of the important benefit of using IP telephony is avoiding the tolls appointed by the PSTN, which means money is saved. By using this technology enterprises can communicate from anywhere on the planet if internet connection is available.
Telephony systems are much more easier to install and configure than the traditional phone system. The adoption of cloud technology by various organizations increases, the demand for IP telephony will also be increased resulting into the growth of the market.
Key Question Answered: What will be the market size in 2025 and at what rate it will grow? Who are the major key players in global IP telephony market and what are their strategies? Which vertical industry is expected to show major growth? What segment and region will lead the market and why?
The major companies profiled in the report include: 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.
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