Global Business VoIP Services Industry

NEW YORK, April 20, 2020 /PRNewswire/ -- Business VoIP Services market worldwide is projected to grow by US$8.2 Billion, driven by a compounded growth of 4.1%. Business VoIP Services, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$33.7 Billion by the year 2025, Business VoIP Services will bring in healthy gains adding significant momentum to global growth.



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- Representing the developed world, the United States will maintain a 3.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$296 Million to the region’s size and clout in the next 5 to 6 years. Over US$239.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Business VoIP Services will reach a market size of US$2 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.4% over the next couple of years and add approximately US$2.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,

• 8x8 Inc.
• AT&T Inc.
• Avaya Inc.
• Cisco Systems Inc.
• Deutsche Telekom AG
• InPhonex LLC
• MegaPath
• Microsoft Corporation
• Mitel Networks Corporation
• Nextiva
• Orange Business Services
• RingCentral Inc.
• ShoreTel Inc.
• Sprint Corporation
• Telenor Group
• Verizon Enterprise Solutions
• Viber Media S.à r.l
• Vonage Holdings Corp.
• West Corporation

Read the full report: https://www.reportlinker.com/p04951660/?utm_source=PRN

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Shifting of Voice Traffic Away from PSTN to Mobile and Internet
Networks Paves the Way for the Emergence of VoIP
Recent Market Activity
Overview of VoIP Service Provider Strategies Catalyzing Growth
Focused Strategies on Mobile VoIP
VoIP Peering Agreements
Bundled Services at Competitive Costs: A Key Service
Differentiation Strategy
Market Outlook
Global Competitor Market Shares
Business VoIP Services Competitor Market Share Scenario
Worldwide (in %): 2020 & 2029


2. FOCUS ON SELECT PLAYERS

8x8, Inc.
AT&T, Inc.
Avaya, Inc.
Cisco Systems Inc.
Deutsche Telekom AG
InPhonex LLC
MegaPath
Microsoft Corporation
Mitel Networks Corporation
Nextiva
Orange Business Services
RingCentral, Inc.
ShoreTel, Inc.
Sprint Corporation
Telenor Group
Verizon Enterprise Solutions
Viber Media S.à r.l
Vonage Holdings Corp.
West Corporation


3. MARKET TRENDS & DRIVERS

Noteworthy Market Trends & Drivers
High Speed Internet Connectivity, Expanding Bandwidth & Falling
Data Bandwidth Costs Prime the VoIP Market for Rapid Growth &
Proliferation
Pervasive Business WLANs & Strong Sales of Wi-Fi Phone Units
Dives Demand for VoWLAN
On the Back of Converged IT Environments, VoIP Gains Prominence
as the Stepping Stone for UC Implementation
Productivity Receives a Boost When BYOD Meets VoIP
Sustained Value Created by Mobile & Affordable Audio
Conferencing Drives Demand for VoIP Audio Conferencing
Solutions
The Move Towards Smart Offices Drives Interest in Connecting
VoIP Networks to IoT Networks
WebRTC Packs More Power into the VoIP Technology
Mushrooming of SMEs Worldwide Bodes Well for the VoIP Services
Market
Cloud Telephony Emerges as the Most Successful Hosted Business
Model
The US$290 Billion CallCenter Market Stands Tall as a

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