As more and more enterprises turn to VoIP for its ability to cut costs while also offering reliability, the market in Latin America has recognized impressive growth.
A new report from Frost & Sullivan (News - Alert)indicated increased growth in IP Telephony for enterprises in Latin America over the next six years thanks to stronger reliability of services today.
The study, “Latin America Enterprise Telephony Solutions Market 2009,” predicts the market, which earned $791 million in 2008, will hit $1.2 billion by 2014.
According to Frost & Sullivan Research Analyst Raphael Barone, small and medium sized companies are looking for advanced technologies today to remain competitive in the marketplace.
“They can be well served by IP telephony equipment such as IP private branch exchange “IP-PBX (News - Alert)” licenses and IP Phones' Barone said.
'These novel solutions can help companies cut costs, improve efficiency, and fully enjoy a variety of other solutions and applications such as unified communications.'
To make the most of the increasing demand for IP Telephony solutions, the research firm advises vendors to position their solution as cutting costs and the ability to support the business as the market changes.
Stefania Viscusi is an assignment editor for TMCnet, covering voice and Voice over IP technologies. She also oversees production of TMCnet's e-Newsletters in the areas of Internet telephony and speech technology. To read more of Stefania's articles, please visit her columnist page.
Edited by Stefania Viscusi