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Global VoIP Software Markets Industry Growth Assessment, 2020-2025: Growing Popularity of Voice-Based Smart Office SystemsDUBLIN, April 7, 2020 /PRNewswire/ -- The "VoIP Software Market Research Report: By Technology, Access Type, Call Type, Medium, End User, Industry - Global Industry Analysis and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. In 2019, the market generated a revenue of $15,114.3 million, which is expected to surge to $30,441.5 million by 2025, at a 13.4% CAGR during 2020-2025 (forecast period). Another key driver for the VoIP software market is the rising focus on improving the productivity. The funds allocated for procuring telecommunication equipment, including hard phones and hardware-based IP phones, as well as for phone bills, can be utilized for other purposes. Further, VoIP allows companies to bring together employees in different parts of the world together, by facilitating video conferencing. Additionally, the voice clarity offered by this technology is significantly better than that received via conventional phones, which is another reason for its growing adoption. Geographically, Asia-Pacific was the largest VoIP software market during the historical period (2014-2019), and it is expected to maintain its dominance till 2025. Within the region, India witnesses the widest adoption of this technology, owing to the fact that it is home to more than 1 billion people with a smartphone. Similarly, the number of WeChat users in China has already breached the 800 million mark. With a high number of contact centers, increasing IT spending, and internet and smartphone penetration in APAC, the regional market will continue progressing. Hence, with SMEs adopting VoIP to cut down on operational expenditure and large organizations looking at ways to improve their productivity, the market for the technology has a bright future. Key Topics Covered Chapter 1. Research Background Chapter 2. Research Methodology Chapter 3. Executive Summary Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 By Technology 4.1.1.1 SIP trunking 4.1.1.2 Managed PBX 4.1.1.3 Hosted PBX 4.1.2 By Access Type 4.1.2.1 Computer to phone 4.1.2.2 Phone to phone 4.1.2.3 Computer to computer 4.1.3 By Call Type 4.1.3.1 Domestic VoIP call 4.1.3.2 International VoIP call 4.1.4 By Medium 4.1.4.1 Fixed 4.1.4.2 Mobile 4.1.5 By End User 4.1.5.1 Large enterprises 4.1.5.2 SMEs 4.1.5.3 Consumers 4.1.6 By Industry 4.1.6.1 IT & telecom 4.1.6.2 BFSI 4.1.6.3 Government 4.1.6.4 Healthcare 4.1.6.5 Retail 4.1.6.6 Education 4.1.6.7 Residential 4.1.6.8 Others 4.2 Value Chain Analysis 4.3 Market Dynamics 4.3.1 Trends 4.3.1.1 Emergence of 5G technology pushing back the frontiers of VoIP 4.3.1.2 Shift in preference toward hosted cloud-based VoIP solutions 4.3.2 Drivers 4.3.2.1 Increasing demand from SMEs 4.3.2.2 Growing focus of organizations on enhancing productivity 4.3.2.3 Impact analysis of drivers on market forecast 4.3.3 Restraints 4.3.3.1 Low service quality as compared to traditional telephony 4.3.3.2 Interoperability issues in VoIP implementation 4.3.3.3 Impact analysis of restraints on market forecast 4.3.4 Opportunities 4.3.4.1 Growing popularity of voice-based smart office systems 4.4 Porter's Five Forces Analysis 4.4.1 Bargaining Power of Buyers 4.4.2 Bargaining Power of Suppliers 4.4.3 Threat of New Entrants 4.4.4 Intensity of Rivalry 4.4.5 Threat of Substitutes Chapter 5. Global Market Size and Forecast 5.1 By Technology 5.2 By Access Type 5.3 By Call Type 5.4 By Medium 5.5 By End User 5.6 By Industry 5.7 By Region Chapter 6. North America Market Size and Forecast 6.1 By Technology 6.2 By Access Type 6.3 By Call Type 6.4 By Medium 6.5 By End User 6.6 By Industry 6.7 By Country Chapter 7. Europe Market Size and Forecast Chapter 8. APAC Market Size and Forecast Chapter 9. LATAM Market Size and Forecast Chapter 10. MEA Market Size and Forecast Chapter 11. Competitive Landscape 11.1 List of Key Players and Their Offerings 11.2 Market Share Analysis of Key Players 11.3 Competitive Benchmarking of Key Players 11.4 Strategic Developments of Key Players 11.4.1 Mergers and Acquisitions 11.4.2 Partnerships 11.4.3 Product Launches 11.4.4 Geographic Expansions 11.4.5 Client Wins Chapter 12. Company Profiles 12.1 Cisco Systems Inc. 12.1.1 Business Overview 12.1.2 Product and Service Offerings 12.1.3 Key Financial Summary 12.2 Alphabet Inc. 12.3 Microsoft Corporation 12.4 Comcast Corporation 12.5 AT&T Inc. 12.6 Verizon Communications Inc. 12.7 Avaya Holdings Corporation 12.8 Huawei Technologies Co. Ltd. 12.9 Deutsche Telekom AG 12.10 Orange S.A. For more information about this report visit https://www.researchandmarkets.com/r/9a7t1h Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-voip-software-markets-industry-growth-assessment-2020-2025-growing-popularity-of-voice-based-smart-office-systems-301036711.html SOURCE Research and Markets |