VoIP Gateways Article

Persistence Market Research just released a new report titled “Global Market Study on VoIP Services: Increasing Hybrid Cloud Communications in Small and Large Enterprises to Drive Market Growth over the Forecast Period, 2016 – 2024.” The findings indicate that the global VoIP services market will increase at a compound annual growth rate (CAGR) of 9.5 percent in terms of revenue over 2016–2024. Due to this growth, the firm believes that the overall VoIP market will be valued at $194.5 billion by 2024.

This is great news, especially considering that the VoIP services market was valued at just $85.9 billion in 2015. The report cites variables such as low maintenance cost with higher flexibility and minimum staff support, along with wider connectivity, as driving factors of the market. That last point may hold especially true, because increasing connectivity to semi-urban and satellite cities will allow businesses to grow faster and in a more economical way. Once more businesses are established, they’ll be able to invest in VoIP even further by implementing additional solutions, such as VoIP gateways.

Speaking of VoIP gateways, this report holds a lot of promise for the technology. The European VoIP services market is expected to increase at a CAGR of 8.4 percent in terms of value over the forecast period. And one of the major driving factors in that growth is due to the introduction of several small and medium-sized enterprises into the market. We’ve already learned that VoIP gateways are perfect for small business settings, so these predictions align nicely with the business goals of companies like beroNet.

Meanwhile, the future looks bright for VoIP in North America as well. Thanks to the rising popularity of Bring Your Own Device (BYOD) policies, that particular market is predicted to grow at a CAGR of 8.5 percent in terms of value over the forecast period. Again, should this prediction hold true, beroNet is going to be entering into a goldmine of potential. The company recently partnered with USA VoIP in an effort to raise VoIP gateway popularity in the U.S. Based on these predictions, it looks like the future is on beroNet’s side.