Global Business VoIP Services Market Report 2020: Amid the COVID-19 Crisis, the Market to Reach a Revised $31.9 Billion by 2027 - ResearchAndMarkets.com

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