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Global VoIP services Market to reach USD XX billion by the end of 2029.

Global VoIP services Market Size study & Forecast, by Type (Integrated Access/Session Initiation Protocol (SIP) Trunking, Managed IP PBX, Hosted IP PBX) by Access Type (Phone to phone, Computer to computer, Computer to phone), by Call Type (International VoIP calls, Domestic VoIP calls), by Medium (Fixed, Mobile), by End use (Consumer, SMBs, Large Enterprises), by Application (IT & telecom, BFSI ,Government & public sector, Healthcare, Retail, Education, Hospitality, Others) and Regional Analysis, 2022-2029

Product Code: ICTICTS-17791472
Publish Date: 25-01-2023
Page: 200

Global VoIP services Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The major application of a broadband Internet connection in place of an ordinary (or analogue) phone line, Voice over Internet Protocol (VoIP) technology enables people to make voice calls. The major driving factors for the market are growing telecommunication industry, increase in application of internet for voice calls is majorly driving the growth for the market. Moreover, innovations by the key market players are creating lucrative growth opportunity for the market over the forecast period 2022-2029.

According to the Statista, spending on telecommunications services is anticipated to reach $1.46 trillion in 2022, an increase of around 0.4% from the previous year and a more moderate increase than in 2021, when the sector somewhat recovered from the negative economic effects of the coronavirus (COVID-19) pandemic. However, industry participants are hesitant to utilize cloud computing due to the rising frequency of cybercrimes including data breach and theft, which is limiting the market’s expansion.

The key regions considered for the Global VoIP services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Between 2022 and 2029, the Asia Pacific VoIP services industry is anticipated to continue to rule the worldwide VoIP services market. Numerous educational industry operators in Asia Pacific are placing a growing emphasis on releasing cutting-edge online educational applications in order to take advantage of the potential created by the transition in the education sector toward e-learning. For instance, a well-known technology business, Digital Aristotle said in December 2020 that it will team up with Bluebot Digital to release its educational application, Dosti Ki Paathshaala, which offers children a gamified classroom experience. Over the forecast period of 2022-2029, North America is expected to develop at a strong CAGR. According to estimates, the industry will rise as more VoIP services are implemented using a variety of protocols, including Real Time Protocol (RTP), Inter Asterisk eXchange (IAX), H.323, Media Gateway Control Protocol (MGCP), and Session Initiation Protocol (SIP).

Major market player included in this report are:
8×8, Inc.
Dialpad, Inc.
InPhonex, LLC.
RingCentral, Inc.
Microsoft Corporation

Recent Developments in the Market:
 A significant leader in the VoIP services market, Dialpad, unveiled Dialpad Meetings in July 2021. This new cloud communications platform offers enterprises a true unified communications as a service (TruCaaS) experience.
 By offering seamless unified communication solutions to enterprises, Avaya and Ringcentral, two major participants in the VoIP services market, increased their footprint in Europe in March 2021.
Global VoIP services Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Access Type, Call Type, Medium, End Use, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Integrated Access/Session Initiation Protocol (SIP) Trunking
Managed IP PBX
Hosted IP PBX

By Access Type:
Phone to phone
Computer to computer
Computer to phone

By Call Type:
International VoIP calls
Domestic VoIP calls

By Medium:

By End Use:
Large Enterprises

By Application:
IT & telecom
Government & public sector

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. VOIP Services Market, by Region, 2019-2029 (USD Billion)
1.2.2. VOIP Services Market, by Type, 2019-2029 (USD Billion)
1.2.3. VOIP Services Market, by Access type, 2019-2029 (USD Billion)
1.2.4. VOIP Services Market, by Call Type, 2019-2029 (USD Billion)
1.2.5. VOIP Services Market, by Medium, 2019-2029 (USD Billion)
1.2.6. VOIP Services Market, by End use, 2019-2029 (USD Billion)
1.2.7. VOIP Services Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global VOIP Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global VOIP Services Market Dynamics
3.1. VOIP Services Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing telecom industry Growing use of internet
3.1.2. Market Challenges High chances of data breach
3.1.3. Market Opportunities Rising innovation by key market players
Chapter 4. Global VOIP Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global VOIP Services Market, by type
6.1. Market Snapshot
6.2. Global VOIP Services Market by type, Performance – Potential Analysis
6.3. Global VOIP Services Market Estimates & Forecasts by type 2019-2029 (USD Billion)
6.4. VOIP Services Market, Sub Segment Analysis
6.4.1. Integrated Access/ Session initiation protocol (SIP) Trunking
6.4.2. Manged IP PBX
6.4.3. Hosted IP PBX
Chapter 7. Global VOIP Services Market, by Access type
7.1. Market Snapshot
7.2. Global VOIP Services Market by Access type, Performance – Potential Analysis
7.3. Global VOIP Services Market Estimates & Forecasts by Access type 2019-2029 (USD Billion)
7.4. VOIP Services Market, Sub Segment Analysis
7.4.1. Phone to phone
7.4.2. Computer to computer
7.4.3. Computer to phone
Chapter 8. Global VOIP Services Market, by Call Type
8.1. Market Snapshot
8.2. Global VOIP Services Market by Call Type, Performance – Potential Analysis
8.3. Global VOIP Services Market Estimates & Forecasts by Call Type 2019-2029 (USD Billion)
8.4. VOIP Services Market, Sub Segment Analysis
8.4.1. International VoIP call
8.4.2. Domestic VoIP call
Chapter 9. Global VOIP Services Market, by Medium
9.1. Market Snapshot
9.2. Global VOIP Services Market by Medium, Performance – Potential Analysis
9.3. Global VOIP Services Market Estimates & Forecasts by Medium 2019-2029 (USD Billion)
9.4. VOIP Services Market, Sub Segment Analysis
9.4.1. Fixed
9.4.2. Mobile
Chapter 10. Global VOIP Services Market, by End use
10.1. Market Snapshot
10.2. Global VOIP Services Market by End use, Performance – Potential Analysis
10.3. Global VOIP Services Market Estimates & Forecasts by End use 2019-2029 (USD Billion)
10.4. VOIP Services Market, Sub Segment Analysis
10.4.1. Consumer
10.4.2. SMBs
10.4.3. Large Enterprise
Chapter 11. Global VOIP Services Market, by Application
11.1. Market Snapshot
11.2. Global VOIP Services Market by Application, Performance – Potential Analysis
11.3. Global VOIP Services Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
11.4. VOIP Services Market, Sub Segment Analysis
11.4.1. IT & Telecom
11.4.2. BFSI
11.4.3. Government & public sector
11.4.4. Healthcare
11.4.5. Retail
11.4.6. Education
11.4.7. Hospitality
11.4.8. Others
Chapter 12. Global VOIP Services Market, Regional Analysis
12.1. VOIP Services Market, Regional Market Snapshot
12.2. North America VOIP Services Market
12.2.1. U.S. VOIP Services Market Type breakdown estimates & forecasts, 2019-2029 Access type breakdown estimates & forecasts, 2019-2029 Call Type breakdown estimates & forecasts, 2019-2029 Medium breakdown estimates & forecasts, 2019-2029 End use breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
12.2.2. Canada VOIP Services Market
12.3. Europe VOIP Services Market Snapshot
12.3.1. U.K. VOIP Services Market
12.3.2. Germany VOIP Services Market
12.3.3. France VOIP Services Market
12.3.4. Spain VOIP Services Market
12.3.5. Italy VOIP Services Market
12.3.6. Rest of Europe VOIP Services Market
12.4. Asia-Pacific VOIP Services Market Snapshot
12.4.1. China VOIP Services Market
12.4.2. India VOIP Services Market
12.4.3. Japan VOIP Services Market
12.4.4. Australia VOIP Services Market
12.4.5. South Korea VOIP Services Market
12.4.6. Rest of Asia Pacific VOIP Services Market
12.5. Latin America VOIP Services Market Snapshot
12.5.1. Brazil VOIP Services Market
12.5.2. Mexico VOIP Services Market
12.6. Rest of The World VOIP Services Market

Chapter 13. Competitive Intelligence
13.1. Top Market Strategies
13.2. Company Profiles
13.2.1. 8*8, Inch Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
13.2.2. 3CX
13.2.3. AT&T
13.2.4. Avaya
13.2.5. Dialpad, Inc.
13.2.6. GoTo
13.2.7. InPhonex, LLC.
13.2.8. Ooma
13.2.9. RingCentral, Inc
13.2.10. Microsoft Corporation
Chapter 14. Research Process
14.1. Research Process
14.1.1. Data Mining
14.1.2. Analysis
14.1.3. Market Estimation
14.1.4. Validation
14.1.5. Publishing
14.2. Research Attributes
14.3. Research Assumption

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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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