Voip Services Market to Record Strong Growth in Corporate and Individual Consumer Segments by 2020

The report “VoIP Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” from Transparency Market Research (TMR) offers a 360-degree view of the global VoIP services market. This TMR report states that the global VoIP services market will expand at a 9.7% CAGR during the forecast period of 2014 to 2020. In 2013, the market was recorded at US$70.90 billion and is projected to be worth US$136.76 billion by 2020. The subscriber base of the global VoIP services market is expected to reach 348.5 million.The rapidly growing adoption of smart portable devices such as smartphones and tablets in the residential and corporate sectors is driving the global VoIP services market. Other influential trends shaping the global VoIP services market include: VoIP over cloud, growth of mobile VoIP, migration from fixed line voice to IP-based wireless VoIP service, and free group video calling. Furthermore, players in the global VoIP services market will benefit from the emergence of mobile VoIP services with technological advancement of wireless networks.

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On the basis of configuration, the global VoIP services market is divided into computer-to-computer, phone-to-phone, and computer-to-phone. The computer-to-phone segment held the largest market share in 2013 and boasted a subscriber base share of 37.9%. Nevertheless, it is the phone-to-phone or mobile VoIP sector that is projected to experience a healthy CAGR of 14.7% during the forecast period.On the basis of call type, the global VoIP services market is segmented into domestic and international long distance VoIP calls. The segment of international long distance VoIP calls ruled the market in 2013, in terms of both revenue and number of subscribers. This segment is projected to hold a market revenue share of 62.3% in 2020. In 2013, this segment boasted a subscriber base...