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.
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.
Request to View Brochure of Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36329
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.
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.
0 comments:
Post a Comment