Business VoIP Space Among Top Three Telecom Growth Areas
A recent study conducted by ATLANTIC-ACM finds that machine-to-machine technologies (M2M), business FTTx and business VoIP represent the telecom industry's top three growth products by compound annual growth rate (CAGR).
The report titled, “Data-Driven Developments: U.S. Telecom Wired and Wireless Sizing and Share 2012-2017,” is the 18th edition of the telecom industry's principal sizing and share analysis.
"According to our new sizing and share study, machine-to-machine (M2M), business FTTx, and business VoIP round out the top-three forecast growth products over the next five years," said ATLANTIC-ACM senior analyst Douglas J. Barnett, in a statement. "We expect that strong growth in next-generation business services will help to offset declines from the large embedded base of legacy voice and internet services."
Visiongain also recently released a report stating that global revenues from business VoIP will touch nearly $65 billion in 2012, making this year a landmark for VoIP services.The deployment of LTE and 4G networks will continue to revolutionize VoIP services and will have a transformative impact on the telecom market overall.
In August, Global Industry Analysts (GIA) predicted that the global market for business VoIP services is estimated to reach nearly $20.8 billion by the year 2018, caused by the increased demand for mobile VoIP services and rapid adoption of VoIP among small and medium-sized businesses (SMBs).
According to GIA, Europe represents the largest regional market for business VoIP accounting for a majority share in global revenue. Asia Pacific is the fastest growing market with annual revenues growing at CAGR of about 17.3 percent over the analysis period. The growing business activities and international business expansions in countries like India and China spur this growth.
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Edited by Jamie Epstein