VoIP Equipment Market Analysis by Product Types, Marketing Channel Development Trend, Market Effect Factors Analysis by 2023
30 September 2019 -Global Voip
Equipment Market is anticipated
to witness an exponential growth in the forecast period. Voice over Internet
Protocol (VoIP) is a procedure, which uses numerous data and voice transfer
technologies such as voice over broadband, IP telephony, and Internet telephony
to offer communication facilities over a packet-switched network. Factors such
as cost efficiency and packaged service offerings leading to roll out of
progressive networks and improved usage of these services over several networks
and rising disposable income are likely to drive the market in forthcoming
period.
On
the other hand, low public acceptance of VoIP services in the residential
consumer sector are anticipated to hinder VoIP equipment market growth in
future. However, technological advancements are likely to create lucrative
opportunities for the market. Globally, market is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
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VoIP
equipment market could be explored by product type, configuration, application,
end user and geography. Market by product type could span Hosted PBX Equipment
and IP PBX Equipment. Market could be explored by call type as International and
domestic. The “International” segment accounts for a prominent share in the
market. It is likely to witness substantial growth in the years to come. The
key factors that could be attributed to the growth of the market include
high-quality international IP calling feature at lesser rates as compared to
traditional carrier rates. Based on configuration, the VoIP equipment market
could span Computer-to-Computer, Phone-to-Phone, and Computer-to-Phone.
The
key applications that could be explored in the market include Residential Use
and Enterprise Use. The “Enterprise Use” segment accounts for a prominent share
in the market. It is likely to witness substantial growth in the years to come.
The
VoIP equipment market could be explored based on end user as IP Connectivity,
Hosted Business, Managed IP PBX, Corporate Consumers and Individual Consumers.
The “Corporate Consumers” segment accounted for a prominent share in the
market. It is likely to witness growth in the years to come. The key factors
that could be attributed to the growth of market include key start-ups and SMEs
have accepted VoIP communications in their daily activities and increasing
demand.
EMEA
is a leading region in the market. It is likely to maintain its dominance in
the forecast period owing to factors, such as technological advancement,
increasing acceptance and continuous effort made by the telecom service
providers to progress the performance of network connectivity to improve the
user experience.
Key
players operating in the VoIP equipment market include InPhonex LLC, Viber
Media S.r.I., Vonage Holdings Corp, Microsoft Corporation (Skype), AT&T,
Avaya, Sprint Corporation, Nextiva, Inc., 8×8 Inc., Vonage Holdings Corporation
and RingCentral, Inc among others. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of VoIP Equipment in these regions, from 2012 to
2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global VoIP Equipment market competition
by top manufacturers, with production, price, revenue (value) and market share
for each manufacturer; the top players including
•
Huawei
•
Ericsson
•
Nokia Networks (Alcatel-Lucent)
•
Cisco
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