VoIP Equipment Market is
anticipated to witness an exponential growth in the forecast period. Voice over
Internet Protocol (VoIP) is a procedure, which uses numerous data and voice
transfer technologies such as voice over broadband, IP telephony, and Internet
telephony to offer communication facilities over a packet-switched network.
Factors such as cost efficiency and packaged service offerings leading to roll
out of progressive networks and improved usage of these services over several
networks and rising disposable income are likely to drive the market in
forthcoming period.
On the other hand, low public acceptance of VoIP services in
the residential consumer sector are anticipated to hinder VoIP equipment market
growth in future. However, technological advancements are likely to create
lucrative opportunities for the market. Globally, market is anticipated to
expand at a significant CAGR in the upcoming period as the scope, product
types, and its applications are increasing across the globe.
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VoIP equipment market could be explored by product type,
configuration, application, end user and geography. Market by product type
could span Hosted PBX Equipment and IP PBX Equipment. Market could be explored
by call type as International and domestic. The “International” segment
accounts for a prominent share in the market. It is likely to witness
substantial growth in the years to come. The key factors that could be attributed
to the growth of the market include high-quality international IP calling
feature at lesser rates as compared to traditional carrier rates. Based on
configuration, the VoIP equipment market could span Computer-to-Computer,
Phone-to-Phone, and Computer-to-Phone.
The key applications that could be explored in the market
include Residential Use and Enterprise Use. The “Enterprise Use” segment
accounts for a prominent share in the market. It is likely to witness
substantial growth in the years to come.
The VoIP equipment market could be explored based on end
user as IP Connectivity, Hosted Business, Managed IP PBX, Corporate Consumers
and Individual Consumers. The “Corporate Consumers” segment accounted for a
prominent share in the market. It is likely to witness growth in the years to
come. The key factors that could be attributed to the growth of market include
key start-ups and SMEs have accepted VoIP communications in their daily
activities and increasing demand.
EMEA is a leading region in the market. It is likely to
maintain its dominance in the forecast period owing to factors, such as
technological advancement, increasing acceptance and continuous effort made by
the telecom service providers to progress the performance of network
connectivity to improve the user experience.
Key players operating in the VoIP equipment market include
InPhonex LLC, Viber Media S.r.I., Vonage Holdings Corp, Microsoft Corporation
(Skype), AT&T, Avaya, Sprint Corporation, Nextiva, Inc., 8×8 Inc., Vonage
Holdings Corporation and RingCentral, Inc among others. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
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Market Segment:
Geographically, this
report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of VoIP Equipment in these
regions, from 2012 to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and
Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE,
Egypt, Nigeria and South Africa)
Global VoIP Equipment
market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
•
Huawei
•
Ericsson
•
Nokia Networks (Alcatel-Lucent)
•
Cisco
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily
split into
•
Hosted PBX Equipment
•
IP PBX Equipment
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
VoIP Equipment for each application, including
•
Residential Use
•
Enterprise Use
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