In 2021, the market for IP telephony was estimated to be worth US$ 29.5 billion, and by 2022, it is expected to be worth US$ 49.4 billion.
Demand is anticipated to increase between 2022 and 2032 at a value CAGR of 8.3%, potentially reaching US$ 109.6 billion by the conclusion of the assessment period.
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One of the business world’s fastest expanding businesses is IP telephony, which is more profitable and more accessible. Various corporate corporations are increasingly using IP telephony solutions. The adoption of IP telephony is also influenced by better technology’s simplicity of use and greater productivity.
Cloud telephony services offer many advantages, including cost efficiency, an appealing user interface, corporate call tracking, call reporting, a simple and rapid setup process, and network security. Owing to these advantages, businesses are implementing IP telephony services, which is fueling market expansion throughout the projection period. The global IP telephony market is anticipated to expand 2.2 times between 2022 and 2032.
Key IP Telephony market Players
Key Segments Covered :
Key Questions Covered in the IP Telephony Market Report
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