VoIP revenue to hit $65bn in 2012

VoIP revenue to hit $65bn in 2012

Visiongain's latest report on the future of the voice over internet protocol (VoIP) market has revealed that revenues are expected to rise dramatically as more firms embrace the technology.

The research indicates that in 2012 global revenues from VoIP will reach a figure of $65 billion (£41.9 billion).

Cost savings and disaster recovery benefits provided by the implementation of VoIP within businesses are two of the main factors driving the growth of the technology.

Businesses can save as much as 70 per cent of their phone bills when transferring to the service, which is a huge advantage at the moment as many firms are looking to cut back significantly on their outgoings.

The report states that VoIP must now be adopted and welcomed into the telecoms landscape as it is a major player in the industry.

Another area set for dramatic growth is mobile VoIP as businesses embrace flexible working further and begin to introduce the BYOD trend to their organisation.