Report overview
VoIP functions on broadband networks using packet switched telephone networks (PSTNs), unlike traditional calls on circuit switched networks. PSTNs are more efficient than legacy systems (circuited switched networks), and information can be routed in packets over optimized paths. VoIP allows IP calls over mobile networks (3G/LTE) or fixed networks, such as wireless hotspots, Wi-Fi, and worldwide interoperability for microwave access (WiMAX) networks. VoIP bypasses the originating mobile carrier's telephony network and allows inexpensive calls on mobiles through the ISP networks. It also offers low-cost international calls, and roaming calls, without the need for extensive infrastructures such as PCs and DSL modems.
This report aims to provide a comprehensive presentation of the global market for Business VoIP Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Business VoIP Services. This report contains market size and forecasts of Business VoIP Services in global, including the following market information:
Global Business VoIP Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Business VoIP Services market was valued at US$ 28010 million in 2022 and is projected to reach US$ 32950 million by 2029, at a CAGR of 2.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A large number of consumers are still apprehensive about the use of voice communication over internet bandwidth on account of data privacy and security concerns. This is anticipated to restrict the adoption of VoIP services. In addition to this senior citizens are not used to voice communication over the internet and find it more comfortable to make use of analog telephone lines for voice communication. This is expected to limit the growth of the VIP Services Market. In addition to this, senior citizens are also apprehensive about the quality of communication over internet bandwidth and refrain from upgrading themselves to the latest technology and continue to make use of and love telephone lines for voice communication.
We surveyed the Business VoIP Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Business VoIP Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Business VoIP Services Market Segment Percentages, by Type, 2022 (%)
One-Piece-Ball
Two-Piece-Ball
Three-Piece-Ball
Others
Global Business VoIP Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Business VoIP Services Market Segment Percentages, by Application, 2022 (%)
Commercial
Personal
Global Business VoIP Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Business VoIP Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Business VoIP Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Business VoIP Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
AT&T
RingCentral
8x8
Vonage Business
Intermedia
Mitel
Fonality
Citrix
Dialpad
ShoreTel
Microsoft Skype
Nextiva
Outline of Major Chapters:
Chapter 1: Introduces the definition of Business VoIP Services, market overview.
Chapter 2: Global Business VoIP Services market size in revenue.
Chapter 3: Detailed analysis of Business VoIP Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Business VoIP Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
