Market Overview:
The global VoIP providers market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based VoIP solutions and the growing trend of BYOD (Bring Your Own Device). Additionally, the rising number of small and medium enterprises (SMEs) is also contributing to the growth of this market. On the basis of type, the global VoIP providers market can be segmented into cloud-based and on-premises solutions. Cloud-based solutions are witnessing higher adoption rates due to their ease of use and low cost as compared to on-premises solutions. On account of these factors, cloud-based VoIP providers are expected to witness higher growth rates during the forecast period. By application, SMEs are expected to account for a larger share in terms of revenue in this market owing to their growing need for cost effective communication tools.
Product Definition:
VoIP providers are companies that offer VoIP services. These services allow users to make telephone calls over the internet. VoIP providers are important because they allow people to communicate with each other without having to use traditional telephone service.
Cloud Based:
Cloud-based solutions are expected to gain traction in the VoIP providers market over the forecast period. The major factor contributing to this growth is cost effectiveness and scalability of these solutions. These services offer a range of benefits such as reduced maintenance, easy deployment, low operational manpower requirement and high uptime which further leads to increased revenue generation for service providers.
On-Premises:
On-premises is a term used for applications and services that are hosted on the end user's own servers or dedicated hardware. In VoIP, on-premises solutions are used to route and connect voice traffic between end users and the service provider's network. On-premise solutions provide enhanced security as compared to cloud based solutions as they store critical customer data which cannot be accessed by third parties.
Application Insights:
The small and medium-sized enterprises (SMEs) segment held the largest market share of over 70% in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing adoption of VoIP services by SMEs for cost-effective communication solutions. Furthermore, VoIP service providers are offering free calls to encourage SMEs to adopt these services which is further expected to drive industry growth.
The large enterprise application segment is anticipated to register a CAGR of XX% from 2018to 2030 as large enterprises seek efficient communication solutions while managing their operations and employees. Moreover, VoIP service providers are offering dedicated plans for large enterprises as they understand the need for centralized communications within an organization along with reliable network infrastructure supporting these services. This trend will continue driving demand across various regions globally during the forecast period thus contributing toward overall industry growth worldwide during this time frame (2018 - 2030).
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing internet penetration, rising smartphone adoption, and increased focus on reducing international long-distance calling costs. Moreover, growing investments in cloud computing and mobility are further expected to drive regional market growth over the next eight years.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to significant investments made by global providers such as Skype (former Microsoft Corporation), Google LLC., and FaceTime Technologies Inc. Additionally, favorable government initiatives promoting digital India program are anticipated to fuel regional market growth during the forecast period.
Growth Factors:
- Increasing demand for VoIP services from small and medium-sized businesses (SMBs) due to the growing popularity of cloud-based communication solutions and the need for cost-effective ways to connect with customers and employees.
- The increasing number of mobile users worldwide, who are looking for ways to reduce their phone bills by using VoIP services over Wi-Fi or cellular data networks.
- The growing demand for hosted PBX services as businesses move away from on-premises PBX systems in favor of more flexible, cloud-based solutions that can be scaled up or down as needed.
- The increasing use of unified communications (UC) applications, which combine voice, video, chat, and collaboration tools into a single platform, driving demand for VoIP services that can support UC features.
- The expanding global market for IP telephony products and services as more companies around the world adopt IP telephony systems to save on costs and improve efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
VoIP Providers Market Research Report
By Type
Cloud Based, On-Premises
By Application
SMEs, Large Enterprises
By Companies
Nextiva, RingCentral, Verizon, 8×8, Jive, Viber, Dialpad, Grasshopper, Cisco, Avaya, MiCloud, Aircall, MiVoice, Vonage, Loop, Shoretel, Toshiba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global VoIP Providers Market Report Segments:
The global VoIP Providers market is segmented on the basis of:
Types
Cloud Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nextiva
- RingCentral
- Verizon
- 8×8
- Jive
- Viber
- Dialpad
- Grasshopper
- Cisco
- Avaya
- MiCloud
- Aircall
- MiVoice
- Vonage
- Loop
- Shoretel
- Toshiba
Highlights of The VoIP Providers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-Premises
- By Application:
- SMEs
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the VoIP Providers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
VoIP providers are companies that offer voice over internet protocol (VoIP) services. VoIP allows people to make phone calls over the internet using their computer or mobile device.
Some of the major players in the voip providers market are Nextiva, RingCentral, Verizon, 8—8, Jive, Viber, Dialpad, Grasshopper, Cisco, Avaya, MiCloud, Aircall, MiVoice, Vonage, Loop, Shoretel, Toshiba.
The voip providers market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 VoIP Providers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 VoIP Providers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 VoIP Providers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the VoIP Providers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global VoIP Providers Market Size & Forecast, 2018-2028
4.5.1 VoIP Providers Market Size and Y-o-Y Growth
4.5.2 VoIP Providers Market Absolute $ Opportunity
Chapter 5 Global VoIP Providers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 VoIP Providers Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global VoIP Providers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 VoIP Providers Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global VoIP Providers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 VoIP Providers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America VoIP Providers Analysis and Forecast
9.1 Introduction
9.2 North America VoIP Providers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America VoIP Providers Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America VoIP Providers Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe VoIP Providers Analysis and Forecast
10.1 Introduction
10.2 Europe VoIP Providers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe VoIP Providers Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe VoIP Providers Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific VoIP Providers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific VoIP Providers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific VoIP Providers Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific VoIP Providers Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America VoIP Providers Analysis and Forecast
12.1 Introduction
12.2 Latin America VoIP Providers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America VoIP Providers Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America VoIP Providers Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) VoIP Providers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) VoIP Providers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) VoIP Providers Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) VoIP Providers Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 VoIP Providers Market: Competitive Dashboard
14.2 Global VoIP Providers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nextiva
14.3.2 RingCentral
14.3.3 Verizon
14.3.4 8×8
14.3.5 Jive
14.3.6 Viber
14.3.7 Dialpad
14.3.8 Grasshopper
14.3.9 Cisco
14.3.10 Avaya
14.3.11 MiCloud
14.3.12 Aircall
14.3.13 MiVoice
14.3.14 Vonage
14.3.15 Loop
14.3.16 Shoretel
14.3.17 Toshiba
