VoIP telecom is widely used as the standard form of business
communication in different sectors. VoIP services have been used extensively over worldwide organisations.
If your business is thinking about acquiring a VoIP solution for your communication, it’s not too late, there are many good reasons why you should employ this phone system soon.
The most significant reason for deploying this system is that, it is quite simple, all services and maintenance handle by your VoIP provider and in term of cost-saving that have absolutely no match with the traditional phone system that why most of the businesses prefer to go with VoIP phone system over traditional phone system as it saves your amount up to 60%.
With additional and modern features such as call forwarding, call recording, voicemail to mail, shared voicemail, HD audio and video conferencing and much more that let your business to be more competitive than your competitors.
By small business VoIP, you can improve your team collaboration, scalability and flexibility that will be enough to make a phone call anywhere around the globe using your external landline phone (with a VoIP adapter) or buying a VoIP cloud phone system or even with your softphone that can very useful for your small business communication.
According to the research by WhaTech, the market of VoIP services is expected to grow up to $194 billion in the year 2022.
The question is what factors will it make to reach this growth? We will discuss in detail with some examples
VoIP Market Analysis, By Type
The Cloud-based IP market is expected to increase with the maturity rate over 15% till 2025.
Hosted VoIP solution removes the barrier of the need of installing any on-premises equipment, reducing the cost of maintenance and training. By employing VoIP business communication, small or large enterprises less focus on relying these solutions. Because your VoIP provider is enough to do this job that will allow phone system to be more competitive by giving the access to the advanced communication tools like call queuing, auto-attendant and call forwarding. This will enable SMB’S to be more focused on their core-competencies rather than or having to invest a huge in the costly equipment.
VoIP Market Analysis, By Access
The factor that plays a leading role in raising the demand in the VoIP market is the increasing trend of workforce mobility.
By Virtual landline, businesses can improve collaborations and communication among remote users to boost their productivity.
The Global Network has been increased rapidly and the companies are effectively making their phone calls through locally and internationally via internet. That’s how VoIP works.
The computer to computer VoIP calls has now increased widely, that method has been adopted over the many years by many organisation and still expected to increase the rate of this voice communication in the VoIP market over 10%.
Most of the organizations also prefer to choose a VoIP softphone application, that enable the businesses to make instant calling that has heightened the free peer to peer communications and becoming so important that VoIP software like Skype accommodate people to send and receive an important files through the attachment and several other features like instant messaging, audio & video calling facilitate the user in many other prospect.
VoIP Market Analysis, By Medium
The mobile VoIP market is projected to grow with the fastest rate of 13% during 2020 to 2025.
As the mobile expansion has increased worldwide the network connection through mobile devices have made a huge impact on the global economy. Many businesses are trying to move their communication network to the mobile appliance for the purpose of getting in touch with your business all the time or either to make an adjustment with your customers that comes up with one of the most remarkable tool for today businesses.
While connecting through mobile phone, the stability and reliability of this connection largely depend on high-speed internet. By the 4G technology, it has already empowered many companies to run their businesses by using VoIP softphone application
After
further advancement in wireless communication such as 5G network will allow
many enterprises to choose the VoIP mobile applications to increase their
productivity and efficiency in their businesses. This
5G technology will be the future of VoIP.
VoIP Industry analysis and Leading Companies 2020
VoIP technology have made a revolutionized impact on business communication by providing the organization a cost-effective solution and smooth communication to improve their business productivity.
Traditionally, companies were operating a PSTN network that was not able to meet the demand of long-distance communication with huge investments required for its set up. VoIP is there to reduce the cost to an analogue phone system.
VoIP telephony is now growing with the popularity and the demand of this system is increasing with the timespan.
The best VoIP providers in 2020 are AT&T, Alcatel Lucent, Cisco, Deutsche Telekom, Citrix, Ribbon Communication, Google, Microsoft, Huawei, Orange, ZTE, RingCentral, Nextiva, Verizon, 8×8, Vonage, Avaya, Jive and Mitel Communication.