[May 05, 2005] VoIP Service Revenue Tops $1.3B in 2004, Skyrockets to $20B in 2009 Tweet BOSTON, May 5 /PRNewswire/ -- North American voice over IP service revenue topped $1.3 billion in 2004, and is expected to soar 1,431% to $19.9 billion in 2009, according to Infonetics Research's latest report, VoIP Services annual market size and forecast for North America. "VoIP services are relatively new to the telecommunications scene, so the growth rates will be extremely high as communication networks and services trend towards VoIP," said Kevin Mitchell, directing analyst for Infonetics and author of the report. "As carriers migrate their network towards IP over the next 5 years, more services are inevitably next generation VoIP services. This is a very early look, as VoIP services revenue represents less than 1% of total wireline carrier revenue in North America in 2004." "Growth is driven by carrier footprint and solution expansion, marketing, and service bundling, leading to more adoption by new business/government/education and residential/SOHO customers and increased usage at more sites," Mitchell continued. "Our forecast also assumes that revenue growth is due to incremental revenue from add-on VoIP applications, such as conferencing, remote office integration, presence/location-based services, and collaboration." REPORT HIGHLIGHTS -- The number of residential/SOHO VoIP subscribers in North America is forecast to climb from 1.1 million in 2004 to 20.8 million in 2008 -- Managed IP PBX services, an earlier arrival than hosted offerings and aimed at medium and large organizations, make up just over half of the market in 2004 -- Business hosted VoIP service revenue will exceed that of managed IP PBX services by 2006, as thousands of small and medium businesses adopt hosted offerings The report presents market size and forecasts for hosted VoIP and managed IP PBX VoIP services, including a hosted VoIP split for residential/SOHO, business, and wholesale in North America. The report also includes a residential/SOHO subscriber forecast. For the table of contents and methodology notes, log on to Infonetics Research's Information Portal at http://www.info.infonetics.com/ or contact Larry Howard, vice president, at [email protected] or 916-933-3543. Infonetics Research (http://www.infonetics.com/) is an international market research and consulting firm covering the data networking and telecommunications industries in North America, Europe, and Asia. Infonetics helps companies develop, market, and sell products and services by providing objective analysis of end-users, service providers, and product manufacturers. Infonetics has offices in Silicon Valley, the Boston Metro Area, and London. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Kevin Mitchell http://profnet.prnewswire.com/ud_public.jsp?userid=348430 Infonetics Research CONTACT: media, Kevin Mitchell, Directing Analyst, Service ProviderVoice & Data, of Infonetics Research, Inc., +1-781-933-9649, [email protected] Web site: http://www.infonetics.com/ [ Back To TMCnet.com's Homepage ]