VoIP solutions seemed to be the communication tool of the future. As businesses continue to look for a cost effect, unified communication solution, more IT departments are turning toward VoIP as their first step in upgrading. A new report shows that not only is VoIP the future, but that future is much closer than expected.
The report is put out by TechNavio, a technology research firm, and aims to aid decision makers’ understanding of the significant trends impacting the market. Over the next three years, TechNavio predicts a Compounded Annual Growth Rate (CAGR) of 64.6.
The continued growth of the global market and wireless bandwidth capabilities are considered to be key factors for the predicted increase.
“The Global Mobile Voice Over Internet Protocol Solutions market is witnessing the emergence of many new players because of the presence of several factors such as low entry costs and huge business opportunities,” said a TechNavio analyst in a press release issued by Report Stack. “This trend is expected to grow in the next few years with the market expected to witness the emergence of new global and regional players.”
Cost effectiveness is also a strong point for potential growth. The report mentions that since communication solutions are constantly in use, there is demand from users for call tariffs. The low investment costs of VoIP solutions make it an attractive offer for businesses looking to get a UC option.
Any small business looking to invest in a VoIP system would be wise to contact a managed IT service provider to explore all options before upgrading any hardware.
Article on: VoIP solutions market to grow substantially over the next 3 years
by CTI Technology
VoIP solutions seemed to be the communication tool of the future. As businesses continue to look for a cost effect, unified communication solution, more IT departments are turning toward VoIP as their first step in upgrading.