Voice communication equipment allows effective interconnection of multiple communication systems including, very high frequency (VHF) radio, ultra-high frequency (UHF) radio, intercoms, and telephone. The main benefit of voice communication equipment is that it is made of simple data network infrastructure instead of dedicated wiring and cabling. In addition, it helps to back up instantly with control transfer to an adjacent location and monitor and share data across the globe.
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Rapid technological development, along with stringent government rules and regulations, is anticipated to boost the growth of the global voice communication equipment market during the forecast period. Voice communication equipment offers reliability, cost-efficiency, and flexibility. In terms of role management, the voice communication equipment abilities, is anticipated to impel the growth of the market. Moreover, voice communication equipment provides easy usability, high accuracy, and better voice quality that is projected to drive the growth of the market during the forecast period.
Furthermore, substantial increase in demand for tablets, VoIP, and smartphones, along with demand for convergence facilities for audio, instant messaging, voice mail, video conferencing, and e-mail is anticipated to propel the growth of the voice communication equipment market in the near future. Implementation of various rules and regulations by regulatory bodies across the world, along with growing number of internet users, is expected to augment the demand for voice communication equipment in the next few years.
Additionally, technological advancement and upsurge for cost-effective connections are projected to offer lucrative prospects for the voice communication equipment market. Also, shift from circuit-switched systems to packet-switched systems, and from old-fashioned telephony from CDMA or GSM to VoIP services through 3G and 4G technology is estimated to boost the growth of voice communication equipment market during the forecast period.
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The global voice communication equipment market can be segmented based on telecom operator, network equipment, product, enterprise size, end-user, and geography. Based on telecom operator, the market can be classified into voice over internet protocol (VoIP) and others. In terms of network equipment, the market can be divided into router, private branch exchange (PBX), switches, and others. The product segment of the voice communication equipment market can be divided into smartphones, tablets, soft phones, IP phones, and others. On the basis of enterprise size, the global voice communication equipment market can be classified into small and medium enterprises and large enterprises. In terms of end-use, the market can be categorized into banking financial services and insurance, health care, hospitality, retail, transportation & logistics, IT & telecom, government, manufacturing, and others.