Voice over Internet Protocol (VoIP) Market Scope Analysis to 2024

January 2, 2019

North America is dominating the VoIP market due to the high adoption of cloud computing services and enterprise mobility solutions in the region. The highly sophisticated IT and telecommunication infrastructure in the region along with the local presence of key global players, such as Microsoft and Cisco, support the growth of the market in the region. Moreover, the high readiness of the of U.S. enterprises to adopt advanced VoIP solutions to streamline their business communication systems also drives the VoIP market. Asia Pacific VoIP Market is anticipated to grow substantially during the projected timespan. The growth of the market is driven by the rising adoption of the VoIP solution among SMBs. The growing efforts by the developing countries including China and India to improve their communication infrastructure provide SMBs access to the VoIP solution for a large pool of consumers. Furthermore, supportive government policies, such as tax benefits and subsidies for advanced unified communication and collaboration service providers also drives the market. The growing demand for mobility among the enterprises to enhance employee productivity, increase customer engagement, and improve team collaboration also drives the VoIP market. Organizations are moving toward technology-enabled solutions, such as cloud computing, Big Data, BYOD, and enterprise mobility, to gain an edge over the competitors. Traditional processes are being replaced by advanced technology solutions and the growing application of mobility is also reducing the physical IT infrastructure. Moreover, the growing demand for scalability and flexibility among organizations also promotes the deployment of mobility solutions. The organizations are swiftly moving toward BYOD policies due to cost-effectiveness over enterprise-owned device network. The BYOD policy allows the employees to use their personal devices and helps companies reduce their hardware costs and IT infrastructure burden. The policy also simplifies the maintenance and management of the enterprise IT infrastructure and provides a relief to the overworked system managers. This is encouraging the adoption of the BYOD policies among organizations.

Read more at SBWire

^