Business VoIP Featured Article

The VoIP Market: Today's Cash Cow, Tomorrow's Cash Tower

September 17, 2014

By Miguel Leiva-Gomez, Business VoIP Contributor

There was a time long, long ago when transmitting an analog voice signal through a copper wire was a very exciting achievement. That era is slowly creeping behind us, desperate to remain relevant. PTSN telephone networks just aren't as exciting as they used to be, especially since the introduction of digital voice services that utilize the internet infrastructure we already have. The rationalization behind VoIP is the higher quality of service and lower rates involved in transmitting voice as data through packets across fiber lines. This will only be exacerbated by the push for fiber installations across various local areas.

A report by Transparency Market Research, called “VoIP Services Market (Corporate Consumers and Individual Consumers) — Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2014 – 2020,” has concluded that VoIP is in demand for both corporate and individual consumers around the world due to its higher cost-benefit ratio. According to the report, a higher emphasis on BYOD and telecom provider diversification has fanned the flames of this demand even further. The grand total for the VoIP market by 2020 in terms of capital should reach approximately $137 billion.

Another study by Infonetics Research provides a stunning prediction for next year: VoIP subscribers may reach close to 410 million by 2015. That is a ten-fold increase from 2010. The study by Transparency puts the annual growth rate for subscribers at 13.6 percent between this year and 2020.

If there's one thing to take out of this, it is that VoIP companies should start marketing more aggressively to grab as much of that sweet, sweet pie as they can. Aside from that, consumers who have not gone digital should think about doing so before they're left behind. Corporate customers would see an immediate downward trend in their overall expenses as the capital they would have otherwise invested in PTSN technologies starts to make itself available once again.

Edited by Alisen Downey


Key Benefits

  Unlimited Calling & Faxing
  Number Portability
  Auto Attendant
  Instant Conference Calls
  HD Voice Quality