VoIP Services Market- Global Industry Analysis, Size, Share, Forecast 2014-2020

The nature of the competitive landscape of the global voice over Internet Protocol (VoIP) Services Market is a fragmented. In order to enter the market, very low Investments are required and this is the reason behind several new players entering the market of VoIP services, subsequently intensifying competition. In order to stay competitive, vendors are employing aggressive marketing strategies as well as collaborating with original equipment manufacturers so as to offer value-added services at reasonable prices, as per the latest report on this market by Transparency Market Research (TMR). Names of the leading players operating within the global voice over Internet Protocol Services Market include are: Microsoft Skype, TATA Communications, Avaya, and Viber Media, Facebook, Apple (FaceTime), One Horizon Group, Vonage, BigAnt, Cisco (Jabber), 8x8, IBM (Sametime), Kakao Japan, InPhonex, Nextiva, RingCentral, Tencent (WeChat), T- Mobile, Google (Hangouts), HipChat, Kosmaz Technologies (VoIP), Line, Talk360, Telefonica ( Tu Me), magicJack, and Vyke Telecoms.

According to Transparency Market Research (TMR), the global voice over Internet Protocol VoIP Services Market will be worth US$136.76 bn by the end of 2020. On the basis of geography, Asia-Pacific is expected to be the most promising regional market for VoIP. The rapid increase in the number of mobile consumer base will be the key factor behind the growth of the voice over internet protocol services market in the Asia-Pacific region. In terms of configuration, the phone to phone VoIP segment is estimated to witness a tremendous growth in the years to come.

Growing Demand for Mobility in Business Driving Growth of VoIP Services

According to the lead author of this report, “the growing trend of bring your own devices BYOD is one of the key friends which is impacting the growth of the Global VoIP Services Market in a positive manner.” The rising demand for mobility in businesses is one of the key factors behind the growth of the global voice over Internet Protocol Services Market. With an increasing number of consumers opting for cost-effective bundled data and voice services for mobile devices, this Market stands to benefit. As voice over Internet Protocol Services enable consumers to enjoy free voice communication at extremely cost-effective pricing, they are being increasingly adopted by consumers across the globe.

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