VoIP growth set to continue

VoIP growth set to continue

The rising popularity of voice over internet protocol (VoIP) has been a key driver in the growth of the market and this trend looks set to continue.

According to a recent survey, the market grew by eight per cent from 2012 to reach $68 billion (£40.64 billion) in 2013.

Infonetics Research's 2014 VoIP and UC Services and Subscribers report also found that worldwide growth of VoIP is expected to reach $88 billion by the year 2018.

Additionally, SIP trunking witnessed significant growth over the last 12 months, mainly driven by  North America, although EMEA is expected to be a much stronger contributor over the course of the coming year.

Diane Myers, principal analyst for VoIP, UC and IMS at Infonetics Research, said: “Business VoIP services have moved well beyond early stages to mainstream, strengthened by the growing adoption of SIP trunking and cloud services worldwide.

"Hosted unified communications are seeing strong interest up-market as mid-market and larger enterprises evaluate and move more applications to the cloud, and this is positively impacting the market."

The level of demand for enterprise cloud-based services has seen sales of hosted PBX and unified communication (UC) platforms increase by 13 per cent over the previous year, while the number of seats also grew by 35 per cent.

According to Infonetics Research, managed services are also benefiting from the continued adoption of IP PBXs.

This has meant that around ten to 20 per cent of new IP PBX lines sold are part of a managed service or outsourced external contract.

However, 4G is by no means the only trend that is being embraced by modern businesses, as there has also been a rise in the number of subscribers to mobile broadband to 755 million.

Stephane Teral, principal analyst for mobile infrastructure and carrier economics at Infonetics Research, said: “The mobile broadband industry’s rapid migration to LTE has opened the door to malicious and non-malicious threats due to fundamental vulnerabilities in the all-IP LTE architecture."