Rapidly Growing Adoption Of Internet Of Things (IoT) Is Fuelling The Global IP Telephony Market Growth

The global IP Telephony market was valued at US$ 29.5 Billion in 2021, and is projected to be valued at US$ 49.4 Billion in 2022.

During the 2022-2032 period of assessment, demand is expected to rise at an 8.3% value CAGR, likely to reach US$ 109.6 Billion by the end of the said forecast period.

Overall, the IP Telephony market landscape is poised to yield an absolute dollar opportunity worth US$ 60.2 Billion until 2032. Sales of IP telephony hardware components continued to flourish, with a documented CAGR of 8.5% from 2017-2022.

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This newly published and insightful report sheds light on Market Insights of IP Telephony, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of IP Telephony Market.

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Competitive Landscape

Prominent manufacturers of IP telephony market are eyeing technological innovations in order to provide the most accurate and precise communication system arrangements to their customers. As there is significant increase in AI implementation in the IP telephony market, companies are forging collaborative agreements with government entities to enhance their presence across major geographies. Also many key players are collaborating with others and incorporating new strategies to expand their business.

In April 2022, MiRO, a renowned cloud-based collaboration tool for SMEs, announced its partnership with SNOM, a leading IP phone manufacturer, to offer a complete end-to-end voice over IP (VOIP) solution through SNOM’s powerful, flexible, and versatile communication experience.
On March 31, 2020– Cisco announced that NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION (NTT EAST) has selected Cisco SD-WAN powered by Viptela for its new managed SD-WAN services under NTT EAST’s VPN service portfolio for enterprises. This new services will help businesses solve network challenges driven by growth of mobile workers, shortage of IT resources and increasing network management costs.

During the 2022-2032 period of assessment, demand is expected to rise at an 8.3% value CAGR, likely to reach US$ 109.6 Billion by the end of the said forecast period.

Report Attributes	Details
Anticipated Base Year Value (2021)	US$ 29.5 Billion
Expected Market Value (2022)	US$ 49.4 Billion
Projected Forecast Value (2032)	US$ 109.6 Billion
Global Growth Rate (2022-2032)	8.3% CAGR
Growth Rate of the U.S (2022-2032)	10% CAGR
Expected Market Value of China (2032)	US$ 10.9 Billion
Growth Rate of U.K (2022-2032)	8.7% CAGR
Key IP Telephony market Players	Avaya Inc.CiscoGigasetLGMitel

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Key Segments Covered in IP Telephony Market Study

IP Telephony by Component :
- Hardware Based
  - IP Desktop Phones
  - Audio Conference Phones
  - DECT Phones
- Softphones
- Service
  - Maintenance
  - Installation
  - Consultant
  - Other
IP Telephony by End Use :
- IP Telephony for BSFI
- IP Telephony for Healthcare
- IP Telephony for Retail
- IP Telephony for Government Organisations
- IP Telephony for Other End Use Industries
IP Telephony by Region :
- North America IP Telephony Market
- Europe IP Telephony Market
- Asia Pacific IP Telephony Market
- Middle East and Africa IP Telephony Market
- South America IP Telephony Market

Key Question answered in the survey of IP Telephony market report:

Sales and Demand of IP Telephony
Growth of IP Telephony Market
Market Analysis of IP Telephony
Market Insights of IP Telephony
Key Drivers Impacting the IP Telephony market
Which are the Key drivers impacted by IP Telephony market
Restraints IP Telephony Market Growth
Market Survey of IP Telephony

More Valuable Insights on IP Telephony Market

Fact.MR, in its new report, offers an unbiased Market Analysis of IP Telephony, Sales and Demand of IP Telephony, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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