Press release
IP Telephony Market is Projected to Expand at a CAGR of 8.8% from 2017 to 2025 | TMR
Some of the leading telecommunications and IP telephony providers are currently making efforts to offer advanced IP phones to consumers. By doing so these players aim for a strong footprint in the global IP telephony market, finds Transparency Market Research (TMR) in a new study. Moreover, cashing in on the latest technologies, several players are offering improved cloud-based telephony systems. Besides this, collaborations are a part of strategic activities conducted by various companies to attain lead in the global IP telephony market. For instance, in May 2017, one of the prominent telecommunications service providers – Optus collaborated with Broadsoft, which specializes in cloud software, to provide improved cloud-based telephony systems for medium and small-sized businesses, which offer fixed line services and hybrid mobiles.
Get More Information at – https://www.transparencymarketresearch.com/ip-telephony-market.html
The effect of these strategies adopted by the leading players can be noted in the overall market’s trajectory. According to TMR, the global IP telephony market is likely to showcase a positive 8.8% CAGR over the forecast period starting from 2017 to 2025. At this pace the global IP telephony market, which stood at US$29.52 bn in 2016, will value US$63.34 bn by the end of 2025. By component, the softphones segment is likely to remain strong, exhibiting a CAGR of 9.4% through the aforementioned forecast period. Regionally, North America held the highest share in the global IP telephony market in 2016. Besides this, the market is also expected to witness lucrative prospects in Asia Pacific.
Rising Uptake of Softphones to Augur Well for the Market
The market will increasingly benefit from the rising adoption of softphones and the increasing demand for VoIP services. As more companies adopt cloud technology to spearhead technological advancements in their businesses, the demand for IP telephony will spike in response. Given the scenario, experts are of opinion the global IP telephony market will considerably benefit from the modernization of network infrastructure, the increasing use of high speed communication, and the rising adoption of VoIP services, especially in the banking sector. To capitalize on the prevailing opportunities, IP telephony and telecommunication providers are seen offering diverse advanced IP phones to consumers. Besides this, several companies have offered enhanced cloud based telephony systems to attain a sustainable lead in the global telephony market.
Buy Our Premium Research Report at – https://www.transparencymarketresearch.com/checkout.php?rep_id=36329<ype=S
Opportunities Witnessed across Emerging Nations to Give Market Significant Impetus
Meanwhile, the market is expected to gain momentum in response to the attractive opportunities offered by Japan and emerging nations such as India in Asia Pacific. The presence of a large pool of IP telephony service providers who offer advanced telephony services at affordable prices will give impetus to the overall market in the coming years. In other parts of the world the market will exhibit a higher pace as businesses effectively commence optimizing their employee productivity, UC frameworks, and the overall efficiency of their day to day operations. The journey however begins with the incorporation of VoIP services. In response to the willingness of companies to invest in upgrading their existing VoIP services, the overall technology industry is gaining steam after years of reporting robust growth. Furthermore, the industry is witnessing an onset of investment from organizations for the first time, which bodes well for strategic collaborations in the private sector. The cumulative effect of all these factors will be felt in the global IP telephony market in terms of increased CAGR.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Get More Information at – https://www.transparencymarketresearch.com/ip-telephony-market.html
The effect of these strategies adopted by the leading players can be noted in the overall market’s trajectory. According to TMR, the global IP telephony market is likely to showcase a positive 8.8% CAGR over the forecast period starting from 2017 to 2025. At this pace the global IP telephony market, which stood at US$29.52 bn in 2016, will value US$63.34 bn by the end of 2025. By component, the softphones segment is likely to remain strong, exhibiting a CAGR of 9.4% through the aforementioned forecast period. Regionally, North America held the highest share in the global IP telephony market in 2016. Besides this, the market is also expected to witness lucrative prospects in Asia Pacific.
Rising Uptake of Softphones to Augur Well for the Market
The market will increasingly benefit from the rising adoption of softphones and the increasing demand for VoIP services. As more companies adopt cloud technology to spearhead technological advancements in their businesses, the demand for IP telephony will spike in response. Given the scenario, experts are of opinion the global IP telephony market will considerably benefit from the modernization of network infrastructure, the increasing use of high speed communication, and the rising adoption of VoIP services, especially in the banking sector. To capitalize on the prevailing opportunities, IP telephony and telecommunication providers are seen offering diverse advanced IP phones to consumers. Besides this, several companies have offered enhanced cloud based telephony systems to attain a sustainable lead in the global telephony market.
Buy Our Premium Research Report at – https://www.transparencymarketresearch.com/checkout.php?rep_id=36329<ype=S
Opportunities Witnessed across Emerging Nations to Give Market Significant Impetus
Meanwhile, the market is expected to gain momentum in response to the attractive opportunities offered by Japan and emerging nations such as India in Asia Pacific. The presence of a large pool of IP telephony service providers who offer advanced telephony services at affordable prices will give impetus to the overall market in the coming years. In other parts of the world the market will exhibit a higher pace as businesses effectively commence optimizing their employee productivity, UC frameworks, and the overall efficiency of their day to day operations. The journey however begins with the incorporation of VoIP services. In response to the willingness of companies to invest in upgrading their existing VoIP services, the overall technology industry is gaining steam after years of reporting robust growth. Furthermore, the industry is witnessing an onset of investment from organizations for the first time, which bodes well for strategic collaborations in the private sector. The cumulative effect of all these factors will be felt in the global IP telephony market in terms of increased CAGR.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
