DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/k253q3/global_fixed_voip) has announced the addition of the "Global Fixed VoIP Service Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Fixed VoIP Service market to grow at a CAGR of 6.46 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of fixed broadband services. The Global Fixed VoIP Service market has also been witnessing the decreasing price of fixed VoIP equipment.
Key vendors dominating this space include Comcast Corp., NTT Communications Corp., France Telecom S.A., Softbank Corp.
Other vendors mentioned in the report are SFR S.A., Time Warner Inc., Free Telecom Ltd., Cox Communication Inc., Cable Vision System NY, Telecom Italia Sparkle S.p.A., Verizon Communications Inc., BT Group plc, AT&T Inc., Skype Inc., Fringland Ltd., Vonage Holdings Corp., Charter Communications Inc., Bright House Networks LLC., 8x8 Inc., iBasis Inc.
Commenting on the report, an analyst from TechNavio's Telecom team said: ''The Global Voice over Internet Protocol (VoIP) Equipment market is facing intense competition. In order to maintain their position in the market, VoIP equipment manufacturers are developing innovative devices with enhanced features at a low cost. In the past few years, the cost of VoIP equipment such as IP deskset, IP private branch exchange (IP PBX), and other VoIP hardware has reduced significantly. This has encouraged enterprises across the globe to adopt multiple VoIP connections for their business operations. This will encourage service providers to increasingly adopt IP networks.''
According to the report, one of the major drivers is the increasing adoption of fixed broadband services. The adoption of fixed broadband services is increasing in developed countries because of the availability of fiber-to-home network. Further, the report discusses that the lack of a better security system is one of the major challenges, inhibiting the growth of the Global Fixed VoIP Service market.
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