Ip Telephony Market Report

Market Insights

The IP Telephony market is projected to grow from USD 2,130.7 million in 2020 to USD 4,535.5 million by 2026 at a CAGR of over 13.7%during the forecast period.

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the IP Telephony market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.

Figure: IP Telephony Market Size, 2020-2026 (USD Million)

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IP telephony refers to any system that uses internet-based telecommunications, such as fax and other systems. To transfer data from the phone to the service provider, it employs a number of open-source protocols. Furthermore, because IP telephony solutions are portable and cost effective, business corporations are increasingly utilizing them. Furthermore, ease of use, improved technology, and increased productivity are all factors driving the adoption of IP telephony systems.

Key Players

The key players operating in the IP Telephony market are-

• Dialpad, Inc.,
• Freshworks Inc.,
• Intermedia.net, Inc.,
• Microsoft,
• Mitel Networks Corp.,
• Ooma, Inc.,
• RingCentral MVP,
• Vonage, Ziff Davis, Inc.,
• 8x8, Inc.

Market Dynamics

The low cost of IP telephony systems is encouraging businesses to use them. Furthermore, IP telephony adds a new dimension to business phones and improves communication by providing a cost-effective solution. As a result, it is regarded as an important factor driving the IP telephony market. When IP telephony systems and IoT are used in tandem, they have the potential to transform existing organizational functional areas. As a result, these factors are expected to provide significant profitable opportunities for the market in the coming years.

Segment’s Analysis

End User Trends

Based on end user, the IP Telephony market has been classified into Corporate, Government, and Residential. Under these, the corporate segment held a significant market share in 2020. This is due to the cost effectiveness of implementation, as IP telephony has lower overall costs than traditional phone carriers.

Regional Trends

By region, the IP Telephony market in Asia Pacific accounted for the largest market share in 2020. This is because businesses, particularly those in more advanced markets, are investing in IP telephony solutions and upgrades that can be integrated with unified communications (UC) applications.

COVID-19 Impact on IP Telephony Market

During the COVID-19 pandemic, there has been an increase in the demand for mobile IP telephone apps to keep in touch with staff working remotely. IP video telephony enables employees to work from anywhere at any time by utilizing remote access technologies, thereby improving job quality and productivity. Furthermore, the increased flexibility of IP video telephony can provide employees with lifestyle benefits.

Critical Questions Answered in the Report

• What are the key trends in the IP Telephony market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on IP Telephony market?
• What are the key strategies adopted by the major vendors to lead in the IP Telephony market?
• What is the market share of the top vendors?

Target Audience

The target audience of IP Telephony Market includes-

• IP Telephony companies
• IP Telephony distributors
• Corporate
• Government
• Residential