A Look Ahead: VoIP Market Forecast 2016

VoIP market today: VoIP technology established in last 1990s, initially, adoption by developers and corporation was slow. In

VoIP market today:

VoIP technology established in last 1990s, initially, adoption by developers and corporation was slow. In 2001, the business calls being conducted by using IP-based line in North America were less than 5%. By 2008, 80% of all new corporate lines installed VoIP lines.

In 2010, VoIP experienced a new phase of development as applications aimed at specific fields like hospitality, health and education.The enterprise and SME sedments have been the mist important contributors to increse VoIP adoption.Small and mid-sized businesses, which comprise an estimated 99% of all businesses in the United States and 98.2% of businesses in Canada, had largely steered clear of early VoIP offerings due to the technical & cost implications of installing an IP-based phone system..

As in 2015, VoIP technology was far from ubiquitous among SMEs. On the other hand, the growth rate in this segment is unparalleled, far exceeding the VoIP adoption rates among corporations in the early 2000s. This presents long-term industry actors with a number of exciting business opportunities for the coming years.

VoIP market trend in 2015:

The appeal of decrease costs and increase the flexibility has led to a marked up in the number of businesses which are abandoning on premise PBX systems for hosted PBX platforms. Cloud based solutions are the best way in future by innovation in technology that led to switch from on premise systems to hosted solutions in easier and more affordable way then ever.

Increse in demand create a major oppertunity for VoIP developers whom are specialise in both fueks on site and hoted solutions. In 2015, on premise VoIP PBX system have keep their place. Moreover all sizes of businesses are turning to cloud based soltions in order to decrease costs abd increase flexibility.

VoIP marker forecast for 2016:

In future VoIP services market is expected the gradually growth due to cost effectiveness, improving network infrastructure across the globe and rising demand for smart devices and mobility among corporate and individual consumers.

The rising competition among the telecommunication service providers and internet service providers across the industry is nourishing the growth of the market in terms of product and service differentiation. While the enterprise VoIP market has been experiencing a shift from traditional telephony using CDMA or GSM to VoIP services using cellular networks such as 3G and 4G for over a decade now. Many analysts hope the transition is now in the midst of a rapid acceleration phase.

Infonetics research expects strong worldwide growth in global VoIP services revenue through 2019, when it will reach $82.5 billion, largely due to expansion of the enterprise VoIP segment.

Cloud technology forecast 2016:

The growth in popularity of hosted (cloud-based) telephony solutions within the VoIP sector is part of a larger multi-sectorial trend that is moving businesses towards a cloud-based service delivery model. In some cases, technology providers are offering non-cloud options altogether – For example, in 2013 software giant Adobe began offering its creative suite product roster exclusively through a web-based monthly subscription.

The Software-as-a-Service (SaaS) delivery approach is expected to see its market share make great gains in the coming years. According to market research firm Forrester Research, the SaaS market – currently valued at $63 billion – is expected to reach a market value of 132.6 billion by 2020.

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