Global VoIP Software Market Overview:
Voice over IP (VoIP) software is the core technology that allows businesses to operate their phone systems over existing data networks. VoIP software, which provides call control as well as management for operational efficiencies and cost savings, is also the foundation of advanced unified communications applications that support business innovation. VoIP software allows users to use the internet to make audio and video calls from the laptop, smartphone, office phone, and more. VoIP software has become an easy and affordable method for small businesses to run their phone system.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Industry Participants Focusing Intensely On Pushing VoIP Solutions across Corporate & Individual Consumer Sectors
- Technological Advancements
- Adoption of Cloud-Based VoIP Services
- Cost Effectiveness and Increasing Demand
- Rapid Advancement in Network Infrastructure
Roadblocks
- Security Issues Regarding VoIP Software
Opportunities
- The Demand for the VoIP and Its Applications Is Increasing
- Growing Consumer Bases in Emerging Economies
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are AVOXI, Inc. (United States), 3CX (Cyprus), Digium (United States), Cisco Systems, Inc. (United States), Phone.com (United States), ZoiPer (United States), CloudCall (United Kingdom), Talkroute (United States), OnSIP (United States) and Line2 (United States). Analyst at AMA Research see United States Players to retain maximum share of Global VoIP Software market by 2027. Considering Market by End User Industry, the sub-segment i.e. Government will boost the VoIP Software market.
In 2022, Cisco introduces new technologies to help businesses rapidly scale networks and digitize operations to redefine the campus experience to support hybrid work.
What Can be Explored with the VoIP Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global VoIP Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in VoIP Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global VoIP Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in VoIP Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes VoIP Software Manufacturers, VoIP Software Distributors/Traders/Wholesalers, VoIP Software Subcomponent Manufacturers, Industry Association and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.