Technological advancement in network infrastructures, high price performance ratio and demand for mobile communication services (using wireless medium) has led to increasing demand for VoIP services across the corporate and individual consumer segments. Factors such as increasing trend of bring your own device (BYOD) in the corporate consumers segment and diversification of telecommunication service providers to VoIP services is fuelling the growth of the market. Moreover, the increasing ... Read more

According to the latest market report published by Persistence Market Research titled, “Global Market Study on VoIP Services: Increasing Hybrid Cloud Communications in Small and Large Enterprises to Drive Market Growth over the Forecast Period, 2016 - 2024,” the global VoIP services market was valued at US$ 85.9 Bn in 2015 and is anticipated to increase at a CAGR of 9.5% over 2016 - 2024, to reach US$ 194.5 Bn by 2024.

Currently, the global VoIP services market is mainly driven by ... Read more