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Reports - IP Telephony Market

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IP Telephony Market

IP Telephony Market Size, Share & Trends Analysis Report by Offering (Solutions, Services) by Type (Integrated Access/Session Initiation Protocol (SIP) Trunking, Managed IP PBX, Hosted IP PBX) by Call Type (International Calls, Domestic Calls) by Installation Type (Wired, Wireless) by Enterprise Size (Large Enterprise, Small & Medium Enterprises) by End User (Corporate, Government, Residential) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2017 - 2022) & Forecast (2023 - 2030)

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Revenue Insights

Revenue 2022

USD 2718.5 Million

Revenue 2030

USD 7486.08 Million

CAGR Revenue

13.5%

Largest Region

North America

MSA Largest Region

39.2%

Fastest Region

Asia Pacific

Map Revenue

USD 1065.6 Million

Overview

The global


IP Telephony Market


is valued at


USD 2718.5 Million in 2022


and is projected to reach a value of


USD 7486.08 Million by 2030


at a CAGR (Compound Annual Growth Rate) of


13.5%


between 2023 and 2030.


Premium Insights


The sustained growth of the IP Telephony market is driven by the increasing demand for flexible and scalable communication solutions. Another contributing factor is the cost-effectiveness of IP telephony, which offers potential savings compared to traditional telephony systems. Businesses are attracted to these savings and seek efficient communication infrastructure. The need for IP telephony solutions is further emphasized by the rise of remote and mobile work, providing seamless connectivity across various locations. For instance, in 2022, Vodafone and Ring Central have collaborated to introduce Vodafone Business UC with Ring Central, a unified cloud communications platform, in the UK. Initially, they have launched these new services to customers in the UK and Vodafone Business' multinational customers in Europe this year. Following this, they plan to expand to other countries such as Spain, Germany, and Italy, adapting the platform to suit the specific needs of each local market. The incorporation of advanced features like Unified Communications (UC), video conferencing, and collaboration tools also adds to the appeal, meeting the changing communication needs of modern enterprises.

  • The growing trend of digital transformation and the imperative for businesses to stay competitive significantly contribute to the expanding adoption of IP telephony
  • North America generated more than 39.2% of revenue share in 2022
  • Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
  • Solutions segment accounted for the largest market growth in 2022
  • Corporate segment revealed the most significant market growth in 2022


Economic Insights


The IP telephony market has experienced significant growth due to various factors. Businesses are attracted to the efficiency gains and potential cost savings provided by IP telephony, leading to its widespread adoption. The market demonstrates resilience by adapting to global economic shifts, as seen through its focus on innovation, strategic partnerships, and technology investments.


Top Market Trends



  • Increasing Adoption of Cloud-Based Solutions:


    Cloud-based solutions are being favored by businesses over traditional on-premise PBX systems. This transition brings advantages such as scalability, cost-effectiveness, and simplified management. The popularity of hosted IP PBX and Unified Communications (UCaaS) is rapidly increasing because of their flexible nature and affordability.

  • Mobility and Remote Work:


    The demand for mobile apps and softphones is increasing due to the growing trend of remote work and mobile workforces. To ensure security and compliance for mobile users, mobile device management (MDM) solutions integrate with IP telephony systems.

  • Advanced Features and Functionality:


    Advanced features such as call analytics powered by AI, presence management, video conferencing, and collaboration tools are being offered by IP telephony systems. These features contribute to enhancing the efficiency of communication, boosting customer service, and gaining valuable insights into communication patterns.

  • Cybersecurity and Privacy:


    As IP telephony becomes more widely used, the importance of cybersecurity and data privacy is growing. To safeguard sensitive data, it is essential to incorporate reliable methods of authentication, protocols for encryption, and measures to prevent data loss.

  • Rise of Unified Communications as a Service (UCaaS):


    UCaaS provides a complete range of communication and collaboration tools such as voice, video, messaging, and file sharing, consolidating multiple solutions into one platform, thereby addressing all communication requirements.


Market Segmentation


IP Telephony {{Segmentation_Ext}}


Based on Offering



Solutions holds the largest share


The largest share in the IP Telephony market is held by solutions that combine hardware and software. These solutions, offered by various vendors, are designed to meet the changing communication needs of businesses. They incorporate IP phones, software platforms, making them appealing to organizations looking for flexible and feature-rich communication solutions. The emphasis on Unified Communications (UC), ease of implementation, and vendor support also contribute to the market dominance of these solutions.


Based on



End Use



Corporate



will dominate the market during Forecast Period


The IP Telephony market is expected to be predominantly driven by the corporate sector. Businesses find IP telephony solutions attractive due to their ability to scale, cost-effectiveness, and adaptability, supporting the dynamic communication demands of all-sized enterprises. The popularity of features such as Unified Communications, which meet contemporary collaboration needs, drives adoption. The importance of IP telephony is further magnified by the rise in remote work and a mobile workforce, ensuring seamless communication irrespective of location.


Based on Region



North America led the market


North America led the IP Telephony market because of major factors such as a strong technological infrastructure, widespread adoption of technology in businesses, and a tendency to adopt advanced communication solutions early on. Businesses of all sizes in North America continue to invest in IP telephony due to its scalability, cost-effectiveness, and ability to meet modern communication needs. In addition, the prevalence of cloud-based solutions and a focus on innovation contribute to North Americas position as the leader in the ever-changing IP telephony landscape.


Competitive Landscape


The IP Telephony market is highly competitive, both well-established telecommunications companies and innovative tech enterprises are engaged in a race to provide IP telephony solutions that are feature-rich, scalable, and secure. The main focus of this competition is on cloud-based services and Unified Communications (UC) features, as companies attempt to offer seamless integration and improve the user experience. To expand their offerings and global presence, firms are frequently forming strategic partnerships, merging with other companies, or acquiring new ones.


Recent Market Developments



  • 2022:


    Broadvoice, a company that offers hosted voice, unified communications as a service (UCaaS), call center as a service (CCaaS), and SIP trunking services for businesses, was recently honored by TMC. Today, TMC announced that Broadvoice was named a winner of the 2022 INTERNET TELEPHONY Friend of the Channel Award, presented by INTERNET TELEPHONY magazine.


Segmentation of the Global IP Telephony Market


Renewable Power Market size, 2023 to 2032(USD Billion)

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Source: www.vantagemarketresearch.com

Report coverage & Deliverables

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Market Segmentation

ParameterDetails
Offering By Offering
  • Solutions
    • Hardware
    • Software
  • Services
    • Consulting/ Implementation
    • Maintenance
Type By Type
  • Integrated Access/Session Initiation Protocol (SIP) Trunking
  • Managed IP PBX
  • Hosted IP PBX
Call Type By Call Type
  • International Calls
  • Domestic Calls
Installation Type By Installation Type
  • Wired
  • Wireless
Enterprise Size By Enterprise Size
  • Large Enterprise
  • Small & Medium Enterprises
End UserBy End User
  • Corporate
  • Government
  • Residential
RegionBy Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Historical & Forecast Data

Base Year

2023

Historic Year

2018 - 2022

Forecast Year

2023 - 2032

FAQ‘s

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IP Telephony Market Size & Share | Growth Analysis 2035