Press release
Rapidly Growing Adoption Of Internet Of Things (IoT) Is Fuelling The Global IP Telephony Market Growth 2032
ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
The report offers actionable and valuable market insights of IP Telephony. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of IP Telephony Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of IP Telephony market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of IP Telephony
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
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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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