As Voice over IP (VoIP) has mature and as it continues to evolve, we are seeing that service providers are upgrading and enhancing their infrastructures in an attempt to deliver VoIP services to more customers. Every day, the network stretches further to include more remote regions, providing service to every part of the world.
One of the advantages that VoIP services provide to both businesses and consumers is the ability to save costs due to price performance. Features, such as service mobility, user control interface, integrated applications and phone number portability are just a few of the options that make it so appealing.
Persistence Market Research (PMR) is a provider of market research reports and consulting services. It is a full-service market intelligence firm that specializes in syndicated research, custom research and consulting services. Healthcare, Chemicals and Materials, Technology and Media are just a few of the company’s market research areas.
Recently, the research firm released the results of a report titled, "VoIP Services Market: Global Industry Analysis and Forecast 2015 – 2021." One of the facts that were brought to light was that network advancement in emerging economies such as India, Brazil, Indonesia, China and the Philippines offers VoIP service providers an incredible opportunity to increase their subscriber base.
On a geographical basis, the segments are said to be broken down to North America, Europe, Asia-Pacific and the “rest of the world.” Over the past few years we have seen that China, India and Indonesia have been working hard to expand their LTE networks and provide affordable handsets so that more regions can have the ability to communicate.
It seems that while certain areas, such as LTE services have been advancing, there is a lack of awareness among the residential consumer segment, coupled with a lack of promotional activities by VoIP service providers, which results in a challenge for the growth of the market.
Many of these regions are already taking advantage of the communications abilities offered by such applications as Skype. They are able to converse with their friends and families across the globe. However, it seems that most of these configurations are computer to phone. In fact, the configuration segment is broken down to connections that include computer to computer, computer to phone and phone to phone, with computer to phone being the dominant share.
As the rest of the world becomes more mobile, and as more companies around the world embrace bring your own device (BYOD) policies, there will be a greater need for VoIP services. The report forecasts that the phone-to-phone segment will begin to see major growth. The expectation is that over the next couple of years, the market for phone-to-phone VoIP or mobile VoIP (mVoIP) will raise the revenue for VoIP service providers.
The report indicates that the rising number of emerging economies in the Asia-Pacific region over the coming years in countries such as India, China, Indonesia and South Korea among others, will make this segment the dominating region in VoIP services.