The Global Internet Protocol Telephony MarketJuly 26, 2022
This report presents an extensive analysis of the global and regional markets for Internet Protocol (IP) Telephony. It examines the market from all angles, from driving factors to upstream business sectors. This report also looks at the industry’s competitive landscape, recent trends, and key industry players. The report includes both essential and auxiliary information. Using this data, you can make informed business decisions. You can also purchase the report to find out more about the market and its drivers.
Global IP telephony market is dominated by North America, which accounts for the largest market share. North America’s large population is driving rapid market growth. The BFSI domain is also contributing to its rapid growth. Meanwhile, Europe’s market is anticipated to show a significant growth over the forecast period, especially in the healthcare and BFSI sectors. In the UK, increasing enterprise mobility and the demand for cloud-based communication services are expected to drive growth in the region.
IPv6 is expected to witness the highest growth during the forecast period. This newer version of the Internet protocol uses a 128-bit addressing scheme and is designed to identify connected devices quickly. It is also easier to manage and maintain networks, as it has a permanent address. Its wide adoption will create lucrative market opportunities for IPv6. This protocol offers auto-configuration for connected devices. It is expected to grow at a CAGR of nearly 5% over the forecast period.
North America continues to drive growth in the IP protocol and IP address management markets. In fact, North America is expected to hold the largest market share in 2026, thanks to improved infrastructure and increased internet connectivity. Meanwhile, North America is also poised to benefit from the IoT and connected devices trend, and most telecommunication companies are adopting advanced technologies to provide their customers with better services and products. And while North America is the leader, Europe and Asia Pacific are also quickly developing markets.
IP PBX is expected to reach US$ million by 2028 at a CAGR of % during the forecast period. By 2021, SIP Phones are expected to make up % of the global IP PBX market. The market will account for % of the global IP PBX market, with SIP Phones accounting for a significant share in the 2021-2028 period. The global IP PBX market is projected to grow at a CAGR of % post-COVID-19.
Emerging markets in Asia Pacific are expected to boost the market growth for IPAM. As carriers and service providers strive to improve their operational efficiency, availability of cost-efficient computer programmers has boosted market growth in Asia Pacific. North America is also expected to experience rapid development in the IPAM market due to its superior telecommunications network infrastructure and well-developed IT infrastructure. Some key market players in this region include Alcatel Lucent, Bluecat Network, BT Diamond IP, Cisco Systems, Men & Mice, and Ip Address Management.