IP phones market Analysis
The IP phone market has been growing steadily in recent years as businesses and consumers have increasingly adopted internet-based communication solutions. IP phones are devices that use the internet to transmit voice and other data, rather than relying on traditional telephone networks.
The global IP Phones Market to hit USD 7.35 billion by 2030, registering a 13.70% CAGR during the forecast period, 2022–2030, according to the new Market Research Future (MRFR) analysis. IP phone systems or internet protocol telephony helps enhanced connection and mobility to communicate on phones more economically. These telephone systems can help to transfer data over the network to enable consumers to contact each other from just anywhere through internet connectivity. The IP telephony uses internet protocol packet connectivity for transferring data, fax, & also enabling voice calling. DECT and Wi-Fi are its different types, while its different components include SIP, DHCP, DNS, TCP/IP, and others. Owing to its alluring features and benefits, IP phones have wide end users such as individual consumers and corporate consumers.
Various factors are propelling the global IP telephony market growth. According to the recent MRFR market estimates, such factors include growing adoption of IP technology, enhanced features like call routing, voice mails, contact centers, and high-tech technology, easy transfer of data, more portable, better productivity, enhanced technology, lower cost, and easy handling, and merging of different systems into one. Additional factors propelling market growth include the growing e-commerce sector, increasing use of VOIP phones, and growing dependability of companies on IP telephony.
On the contrary, low penetration or unavailability of the internet, lack of awareness about IP telephony, and the COVID-19 impact are factors that may limit the global IP phones market growth over the forecast period.
Key Players
Key contenders profiled in the global IP phones market report include Unify (U.S.), Alcatel-Lucent Enterprise (U.S.), Microsoft Corporation (U.S.), Dahua Technology Co. Ltd. (China), NEC (Japan), ShoreTel, Inc. (U.S.), Avaya (U.S.), Huawei Technologies Co. Ltd. (China), Mitel (Canada), and Cisco Systems, Inc. (U.S.).
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global IP phones market based on end user, type, and component.
By component, the global IP phones market is segmented into software and hardware components. The software components are again segmented into SIP, DHCP, DNS, TCP/IP, and others.
By type, the global IP phones market is segmented into DECT, Wi-Fi, and more.
By end users, the global IP phones market is segmented into individual consumers and corporate consumers.
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Regional Analysis
By region, the global IP phones market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. The presence of well-established players that offer enhanced and innovative telecommunication services, evolving business models & technologies, extensive awareness about cloud communication advantages, technical brilliance, growing applications in e-learning, common dialling plans, and wireless mobility, increasing use in the education sector, rapid technological developments, supportive government policies, and various investments are adding to the global IP phones market growth in the region. Canada and the US have the utmost share in the market.
The global IP phones market in the APAC region is predicted to have healthy growth over the forecast period. The presence of several renowned companies holding a good share in the industry, the presence of large-scale MNOs, favorable government policies, and the presence of top service providers are adding to the global IP phones market growth in the region.
The global IP phones market in Europe is predicted to have sound growth over the forecast period, and in the Rest of the World is predicted to have favorable growth over the forecast period.
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