Stratview Research delivers key insights on the Global IP Telephony Market. According to Stratview Research, the market is segmented By Type (Integrated Access/Session Initiation Protocol (SIP) Trunking, Managed IP PBX, Hosted IP PBX), Call Type (International Calls, Domestic Calls), Enterprise Size (Large Enterprise, Small & Medium Enterprises), End-use (Corporate, Government, Residential), and Region (North America, Asia Pacific, Europe and the rest of world).

Market Insights

The report suggests that the overall IP Telephony Market was projected to grow from USD 2.4 billion in 2021 to USD 5.9 billion by 2028 at a CAGR of 13.59% during the forecast period.

Market Segments' Analysis

End User Trends

The market has been classified into Corporate, Government, and Residential. Under these, the corporate segment held a significant market share in 2021. IP telephony has lower overall costs because it leverages existing data networks, eliminating the need for separate voice and data networks.

Regional Trends

Asia Pacific accounted for the largest market share in 2021 & is expected to maintain its dominance during the forecast period. However, overall, there is a growing demand for IP telephony solutions and UC applications among businesses in the region, particularly in more advanced markets such as Japan, South Korea, Singapore, and Australia.

Key Players

The following are some of the key players in the IP telephony market:

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

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-          What is the global demand for IP telephony market in terms of revenue?

-          Which are the prominent players in the market?

-          At what CAGR is the market projected to grow within the forecast period?

-          What are the driving factors fuelling the growth of the market?

-          Which region accounted for the largest share in the market?

-          How did the Covid19 impacted the market?

-          How long will it take to recover from the Covid impact?

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