Session initiation protocol (SIP) trunking users are on the rise, and the growth of voice over Internet protocol (VoIP) technology gets more pronounced with every passing day. The market for VoIP services is set to clear $130 billion by 2020, and one of the biggest movers in this field could be VoIP-Pal.

Back in the early 2000s, VoIP-Pal researchers projected the IP calling market, set to function on a highly complex network that would require a lot of careful observation in order to make it properly work. As time went on, the projection seemed to get closer to reality, and when VoIP-Pal purchased Digifonica International Limited in 2013, the stage was largely set, and VoIP-Pal's line of products and patents had a market beginning to materialize.

VoIP-Pal contains a host of patents and products, ranging from tools for routing, billing and rating (RBR) functions to enhanced 911 systems, the kinds of tools that are already proving valuable in the market. With a slate of patents to its credit, the company is now putting clear focus on making that patent lineup work for the company, taking advantage of a slate of new patents issued in October along with those currently in place. Most recently, the company picked up patents in several fields, including one for “Producing Routing Messages for VoIP Communications (Messaging).”

With a recent European “Safe Harbor” ruling going against some of the major companies like Amazon, Facebook and Google (News - Alert), turning to third party VoIP tools may be standard procedure in the future. That could give companies like VoIP-Pal a lot of extra room to run. Throw in the growing need for enhanced 911 service as VoIP gains ground with businesses, and it's another great opportunity for VoIP-Pal to take off.

This market has huge opportunity already built into it, and the level of opportunity looks to improve from there. It's not hard to wonder what VoIP-Pal is doing right now to take advantage of the field, and market insiders seem to be wondering the same thing. With the last share price coming in around $0.09 a share—and its 52 week high sitting around $0.16—there does seem to be doubt as to whether or not VoIP-Pal's patent portfolio can represent real value for investors. Some clear news about how VoIP-Pal's patents are being put to work in everyday life could be a real help here.

VoIP is a very dynamic market, and needs both companies working on today as well as tomorrow to make it advance to its fullest. VoIP-Pal, meanwhile, seems to have tomorrow well in hand.