{"id":459469,"date":"2020-01-03T08:40:02","date_gmt":"2020-01-03T08:40:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=459469"},"modified":"2020-01-03T08:40:02","modified_gmt":"2020-01-03T08:40:02","slug":"ip-telephony-global-market-pegged-to-expand-robustly-global-voice-over-ip-industry-classification-application-industry-chain-overview-swot-analysis-and-competitive-landscape-to-2023","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/ip-telephony-global-market-pegged-to-expand-robustly-global-voice-over-ip-industry-classification-application-industry-chain-overview-swot-analysis-and-competitive-landscape-to-2023_459469.html","title":{"rendered":"IP Telephony Global Market Pegged to Expand Robustly| Global Voice over IP Industry Classification, Application, Industry Chain Overview, SWOT Analysis and Competitive Landscape To 2023"},"content":{"rendered":"
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“IP Telephony Market”<\/div>\n<\/div>\n<\/div>\n
IP Telephony Market Research Report 2020: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Component (Hardware, Service), By Organization Size (Smes, Large Enterprises), Connectivity (Wired, Wireless), Vertical (BFSI, IT & Telecommunication, Retail, Government) \u2013 Forecast Till 2023<\/div>\n

Global IP Telephony Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.<\/p>\n

MRFR’s list of prominent players functioning in the global IP telephony market includes:<\/strong><\/p>\n

Avaya Inc. (U.S.), Ascom Holding AG (Switzerland), Gigaset Communications (Germany), Cisco Systems, Inc. (U.S.), Mitel Networks Corporation (Canada), LG Electronics Inc. (South Korea), Polycom Inc. (U.S.), Panasonic Corporation (Japan), NEC Corporation (Japan), Yealink Inc. (China), Grandstream Networks, Inc. (U.S.), and others. Intensifying competition among key players can work in favor of the global IP telephony market. In addition, the launch of innovations, and a rise in the demand for softphones are expected to surge the market.<\/p>\n

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Market Overview<\/strong><\/p>\n

The better connectivity and mobility offered by IP telephony is likely to cause its market to thrive at about 9% CAGR across the forecast period (2017 to 2023). The use of IP packet-switched connections over the traditionally used dedicated circuit-switched connection of PSTN, to exchange information in from of call, fax, and others, is making communication faster. This is resulting in increased adoption of IP telephony across different sectors, which is causing an escalation in the market value. As per MRFR analysis, the IP telephony market is likely to value at nearly USD 52 billion by 2023. IP telephony makes communication improves connectivity and mobility, backed by the internet. This also allows transmission of data practically anywhere in the networking. These causes are likely to be responsible for the global market of IP telephony to surge. The ease of configuration and installation and the cost-effectiveness are factors that are expected to spur the IP telephony market growth. IP telephony eliminated the need for physical phone connections. This curb down manual error and the risk of costly problems. Thereby, making it economical for different verticals.<\/p>\n

Intended Audience<\/strong><\/p>\n