The Voice Over Internet Protocol (VoIP) Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Voice Over Internet Protocol (VoIP) Services Market?
The market size of the Voice Over Internet Protocol (VoIP) services has experienced significant growth in the previous years. It is projected to rise from $151.21 billion in 2024 to $169.38 billion in 2025, with a compound annual growth rate (CAGR) of 12.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Voice Over Internet Protocol (VoIP) Services Industry?
The Voice Over Internet Protocol (VoIP) Services Global Market is predicted to reach up to $264.27 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.8%.
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What are the Key Growth Drivers Fueling the Voice Over Internet Protocol (VoIP) Services Market?
The key drivers in the voice over internet protocol (voip) services market are:
• Adoption of cloud-based VoIP solutions for cost and security benefits
• Increasing use of mobile VoIP solutions
• Enhanced customer service experience through VoIP in call centers
• Innovation and integration of 5G networks in VoIP technology
Global Market Segmentation: Identifying Major Voice Over Internet Protocol (VoIP) Services Industry Segments
The voice over internet protocol (VoIP) services market covered in this report is segmented –
1) By Type: Session Initiation Protocol (SIP) Trunking, Hosted IP PBX, Managed IP PBX
2) By Call Type: International VoIP Calls, Domestic VoIP Calls
3) By Configuration: Computer-To-Computer, Computer-To-Phone, Phone-To-Phone
4) By Industry Vertical: Information Technology (IT) And Telecom, Healthcare, Banking, Financial Services And Insurance (BFSI), Retail, Hospitality, Government And Public Sector, Education, Manufacturing, Other Industry Verticals
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What are the Emerging Trends Shaping the Future of the Voice Over Internet Protocol (VoIP) Services Market?
The key trends in the voice over internet protocol (voip) services market are:
• Innovative advancements in network technology are a major trend.
• The integration of 5G networks is shaping the future of VoIP services.
• The rise of mobile VoIP applications is a significant emerging trend.
• The requirement of mobility in communication solutions and the use of web browsers and mobile devices to conduct voice and video calls are trending.
Who Are the Top Competitors & Leading Players in the Voice Over Internet Protocol (VoIP) Services Market?
Major companies in the voice over internet protocol (voip) services market are:
• Alphabet Inc.
• Microsoft Corporation
• Verizon Communications Inc.
• AT&T Inc.
• Cisco Systems Inc.
• Orange S.A.
• Rakuten Inc.
• Zoom Video Communications Inc.
• Twilio Inc.
• Tata Communications Ltd.
• RingCentral Inc.
• Ribbon Communications Inc.
• Ooma Inc.
• Aircall SAS
• 8x8 Inc.
• Mitel Networks Corporation
• LogMeIn Inc.
• Nextiva Inc.
• Intermedia.net Inc.
• Lifesize Inc.
• 3CX Ltd.
• InPhonex LLC
• Vonage Holdings Corp.
• Dialpad Inc.
• CallCurrent Inc.
• OpenPhone Technologies Inc.
• CallTower Inc.
Regional Dominance: Which Area Leads the Global Voice Over Internet Protocol (VoIP) Services Market?
North America was the largest region in the voice over internet protocol (VoIP) services market in 2024
