It’s been the talk of the tech world for a while, and now it looks like VoIP is going to take off with a roar.

That seems to be the conclusion from a new report that shows VoIP (Voice over Internet Protocol) growing to be a $137 billion market by 2020.

Transparency Market Research (TMR), a U.S.-based market intelligence firm, is just out with its report titled '”VoIP Services Market (Corporate Consumers and Individual Consumers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.”

In it, researchers note that “…the global VoIP services market is primarily driven by factors like better infrastructure for wired and wireless network, and affordable communication services all over the world.”

While the market appears to be segmented by type of calls made, system configuration, end-use and the geography where a system is implemented, VoIP is still deemed to be easy to install, use and troubleshoot.

“The main growth contributing factor prevailing in the global VoIP services market is price performance,” TMR says. “Furthermore, VoIP services provide certain additional features such as phone number portability, rich media, and voice quality. VoIP services are applied extensively in end-use segments such as mobile network providers, corporate, and the consumer market.”

Surprisingly, the U.S. is not yet the leader in VoIP usage. That honor goes to Europe, with Asia-Pacific in second place among VoIP aficionados, and that region is expected to hold onto the position, mainly due to the establishment of 3G and 4G high speed communications networks, and the development of network infrastructure.

“The affordable prices of VoIP services for both individual and corporate consumers in the emerging economies of the Middle East, Latin America, and Africa denotes that there is enough scope for significant growth of the VoIP services market in all of these economies,” the report concludes.