The Future of Business VoIP
Business VoIP (or Voice over Internet Protocol) is a revolutionary technology that continues to change the way everyone communicates. It has also had a dramatic impact on the business world since it was first developed over 20 years ago. As the years have passed, Voice over Internet Protocol has become more popular. Millions of people use it every day to send messages, make phone calls, and talk with other people around the globe.
Now many people are starting to wonder how Voice over Internet Protocol will evolve in the future due to a rapidly changing technological landscape. This blog discusses the current Voice over Internet Protocol market and some of our speculations about what may happen in the future.
The Current Landscape of the Voice over Internet Protocol Market
Since its inception in 1994, the Voice over Internet Protocol industry has grown at a rapid pace. According to ReportsWeb, the market for Voice over Internet Protocol is projected to grow 9.87% from 2017 to 2021. Based on the organization’s findings, they believe Voice over Internet Protocol will continue to grow in popularity around the world, especially in remote areas or places with high mobile phone usage.
Mobile phones have caused the Voice over Internet Protocol industry to skyrocket. Since millions of people buy mobile phones and there’s a high demand for them, many companies have created popular messaging apps like Kik and Viber to gain more users. Others Voice over Internet Protocol providers have decided to partner with social media platforms, or the platforms have decided to use their own staff to create Voice over Internet Protocol products. Although there are lots of competitors in the industry, some of the key players in the industry include Microsoft Skype, Vonage and Viber Media.
Companies also enjoy Voice over Internet Protocol phone systems since it is more convenient and less expensive than traditional phone lines. The technology has also continued to improve over the years.
The Future of Voice over Internet Protocol
Now many industry experts and technology analysts are starting to ask about the future of the Voice over Internet Protocol market and speculate about what it will look like in the future. Will it continue to grow in popularity? How will it evolve again?
Based on projected growth levels, the technology will most likely become more widespread. As more people begin to adopt the technology, it will continue to become more mainstream. Since more people can use the technology thanks to their access to smart phones and other innovations, like artificial intelligence, we expect the industry to consolidate even further. This means the major players may start to buy competing companies as a strategic move to gain more market share.
Voice over Internet Protocol will also become more user-friendly over time and continue to have more features. Once more people have access to Voice over Internet Protocol, it is also likely that the technology will become even more affordable. From integrating with different social media platforms to other types of applications, we anticipate that the Voice over Internet Protocol industry will explode to new heights in the future.
Are you interested in learning more about communicating using Voice over Internet Protocol? Please contact us today for more information or call 1-866-814-1635 to speak with one of our experienced team members. Voice over Internet Protocol calling is a great way for your organization to lower costs and increase efficiency. At Accelerated Connections Inc. we can review your business and recommend certain options that are a good fit. Besides offering Voice over Internet Protocol services, we also offer colocation, hosting, and other services. Regardless of your IT needs, we can quickly review your company and determine the best products and services for your situation.