DUBLIN--(BUSINESS WIRE)--The "Business VoIP Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Business VoIP Services Market to Reach $31.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Business VoIP Services estimated at US$26.4 Billion in the year 2020, is projected to reach a revised size of US$31.9 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027.
The U. S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 5.1% CAGR
The Business VoIP Services market in the U. S. is estimated at US$7.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
The 204-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Shifting of Voice Traffic Away from PSTN to Mobile and Internet Networks Paves the Way for the Emergence of VoIP
- Recent Market Activity
- Overview of VoIP Service Provider Strategies Catalyzing Growth
- Focused Strategies on Mobile VoIP
- VoIP Peering Agreements
- Bundled Services at Competitive Costs: A Key Service Differentiation Strategy
- Market Outlook
- Impact of Covid-19 and a Looming Global Recession
- Global Competitor Market Shares
- Business VoIP Services Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
- 8x8, Inc. (USA)
- AT&T, Inc. (USA)
- Avaya, Inc. (USA)
- Cisco Systems Inc. (USA)
- Deutsche Telekom AG (Germany)
- InPhonex LLC (USA)
- MegaPath (USA)
- Microsoft Corporation (USA)
- Mitel Networks Corporation (Canada)
- Nextiva (USA)
- Orange Business Services (France)
- RingCentral, Inc. (USA)
- ShoreTel, Inc. (USA)
- Sprint Corporation (USA)
- Telenor Group (Norway)
- Verizon Enterprise Solutions (USA)
- Viber Media S.a r.l (Cyprus)
- Vonage Holdings Corp. (USA)
- West Corporation (USA)
3. MARKET TRENDS & DRIVERS
- Noteworthy Market Trends & Drivers
- High Speed Internet Connectivity, Expanding Bandwidth & Falling Data Bandwidth Costs Prime the VoIP Market for Rapid Growth & Proliferation
- Pervasive Business WLANs & Strong Sales of Wi-Fi Phone Units Dives Demand for VoWLAN
- On the Back of Converged IT Environments, VoIP Gains Prominence as the Stepping Stone for UC Implementation
- Productivity Receives a Boost When BYOD Meets VoIP
- Sustained Value Created by Mobile & Affordable Audio Conferencing Drives Demand for VoIP Audio Conferencing Solutions
- The Move Towards Smart Offices Drives Interest in Connecting VoIP Networks to IoT Networks
- WebRTC Packs More Power into the VoIP Technology
- Mushrooming of SMEs Worldwide Bodes Well for the VoIP Services Market
- Cloud Telephony Emerges as the Most Successful Hosted Business Model
- The US$290 Billion Call Center Market Stands Tall as a Lucrative End-User of Business VoIP Services
- Virtualization of VoIP Eliminates Call Manager Resource Wastage
- Growing Investments in 4G, Promised Benefits of 5G & the Ensuing Emphasis on VoLTE to Boost Mobile VoIP Applications
- Disruptive Emergence of Social Business Drives the Integration of Social Media with VoIP
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 108
For more information about this report visit https://www.researchandmarkets.com/r/t67war
