VoIP market set for significant growth

VoIP market set for significant growth

Voice over internet protocol (VoIP) technology is continuing to be implemented across a number of sectors as firms look to make cost savings.

The rise of VoIP is so great that a new report by Technavio has predicted that the sector can expect an annual growth of 7.1 per cent between 2011 and 2015.

One of the key factors behind this likely trend is the low cost of modern communication services, with the increasing affordability the overriding factor in many decisions made by organisations.

While issues such as deployment and usability complexity could potentially pose a challenge, the increasing affordability of solutions should be the overriding factor.

The scalability and flexibility of the service, which can be tailored to the exact needs of each individual business, is also driving the increased uptake of VoIP.

A previous Visiongain report noted the mobile VoIP market should be worth £1.6 billion by the end of this year, as more and more people require access to VoIP while they are on the road or working away from the office.