Global Voice over Internet Protocol Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

“Global Voice over Internet Protocol Services Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global voice over internet protocol services market report has been segmented on the basis of product type, end user, and region.

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Global Voice over Internet Protocol Services Market: Overview

The Voice over Internet Protocol Services is a communication platform allow user to make calls over internet connection instead of conventional analog telephone lines.

Global Voice over Internet Protocol Services Market: Dynamics

Increasing adoption of smartphones and internet-based services across the globe is a key factor expected to drive growth of the global market over the forecast period. In addition, technological advancements resulting in development of advanced network and increasing adoption of these services over various industrial networks are some other factors expected to further fuel growth of the target market over the forecast period.

Furthermore, rising adoption of cloud-based VoIP services in organizations across various industry, owing to cost efficiency and packaged service offerings in order to reduce IT maintenance cost is another factor expected to boost growth of the target market over the forecast period. Moreover, increasing trend of bring your own device (BYOD) is another factor expected to propel growth of this market over the forecast period.

However, lack of developed internet infrastructure across various developing countries is a key factor expected to restrain growth of the global market over the forecast period. In addition, fluctuation in internet quality and network jammed during peak hours, due to increasing number of internet users and unwanted promotion of offers are other factors expected to hamper growth of the target market over the forecast period.

Ongoing trend observed in the target market is rising adoption of mobile-based VoIP services such as WhatsApp, Viber, Line, and Skype among smartphone users across the globe. This trend is expected to support growth of the target market. In addition, rising trend of digitalization across various developing countries is also increase growth in the global market.

Technological advancements, innovative product launches, and rising manufacturers’ investment for research and development activities are some factors expected to create lucrative opportunities for players operating in the target market over the forecast period. In addition, implementation of 5G technology across developing countries is important factor expected to create various opportunities for Voice over Internet Protocol Services over the forecast period.

Global Voice over Internet Protocol Services Market: Segment Analysis

On the basis of configuration, the computer to computer segment is expected to register significant share and is expected to continue its growth during the forecast period. On the basis of basis of end user, the corporate user segment is expected to register highest growth in terms of revenue over the forecast period.

Global Voice over Internet Protocol Services Market: Regional Analysis

The market in Asia Pacific is expected to dominate in the global market in terms of revenue over the forecast period, owing to rising rate of startups regarding digitalization in various countries such as China, India, Japan, and Australia. The markets in North America and Europe are expected to register significant growth rate over the forecast period, owing to presence of major manufacturers’ and technological advancements for improving network across various countries in these regions.

Global Voice over Internet Protocol Services Market Segmentation:

Segmentation by call type:

• International long distance VoIP calls
• Domestic VoIP calls

Segmentation by configuration:

• Computer to Computer
• Computer to Phone
• Phone to Phone

Segmentation by end user:

• Individual User
• Corporate User

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• 8x8, Inc.
• Apple Inc.
• Avaya Inc.
• AT&T Inc.
• Verizon Wireless Capital LLC
• Orange S.A.
• Deutsche Telekom AG
• KT Corporation
• Sprint Corporation
• Telecom Italia S.p.A.