Industry Background:
Voice over Internet Protocol simply VoIP, is a form of communication that allows users to make phone calls over a broadband internet connection instead of typical analog telephone lines. Basic VoIP access usually allows a user to call others who are also receiving calls over the internet. Interconnected VoIP services also allow users to make and receive calls to and from traditional landline numbers, usually for a service fee. Some VoIP services require a dedicated VoIP phone or a computer, while others allow users to use your landline phone to place VoIP calls through a special adapter. VoIP is flattering an attractive communications option for consumers. This technology can replace traditional phone service while providing the same calling features such as call waiting, three-way calling, caller ID, and voicemail, among others.This growth is primarily driven by Industry Participants Focusing Intensely On Pushing VoIP Solutions across Corporate & Individual Consumer Sectors
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | 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 |
The Integrated Telecommunication Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Verizon Communications Inc. (United States), At&T Inc (United States), Orange S.A. (France), Deutsche Telekom AG (Germany), KT (Korea Telecom) (South Korea), Sprint Nextel (United States), Telecom Italia S.p.A (Italy), Telenor (Sweden), Microsoft Corporation (United States), Vonage Citrix (United States) and T-Mobile (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 22 Nov 2017, Netherlands-based Altice Group has completed the merger of its two Dominican Republic based telecoms businesses Orange Dominicana and Tricom. The group has relaunched the combined business under the ‘Altice Dominicana’ brand name. The enlarged operator offers VoIP services, mobile, broadband, cable TV as well as a triple-play solution comprising its fixed line products.
Regulatory Insights:
The FCC requires interconnected VoIP providers to comply with the Communications Assistance for Law Enforcement Act of 1994 (CALEA) and to contribute to the Universal Service Fund, which supports communications services in high-cost areas and for income-eligible telephone subscribers.
Influencing Trend:
Lower Fees for Basic Broadband Service and the Brisk Adoption of Even Faster Internet Offerings, Faster Networks Will Improve Call Quality, Artificial Intelligence Will Enhance Telecom Systems, Voice Assistants Will Get Smarter and Plain Old Telephone Systems Will Die Out
Market 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 and Rapid Advancement in Network Infrastructure
Restraints:
Spam over internet telephony (SPIT), spoofing, and identity theft and Low public acceptance of VoIP services in the residential consumer segment
Opportunities:
The Demand for the VoIP and Its Applications Is Increasing and Growing Consumer Bases in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of VoIP Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of VoIP Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of VoIP players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, VoIP Study Sheds Light on
The VoIP Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the VoIP industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where VoIP industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.