The Global IP Telephony Market is expected to reach approximately USD 23 billion by the end of 2023 with 5% CAGR during forecast period 2017-2023.
The global IP Telephony market is slated to expand at an ascending pace during the forecast period. Increasing investments in infrastructural projects and utilization of IP Telephony due to their durability can fare well for the IP Telephony market. This is facilitated by rapid urbanization and industrialization. Sustainability initiatives and aim for lowering carbon emissions can drive the demand for eco-friendly IP Telephony. Various types of finishes on these tiles such wood, stone, and marble for highlighting the style of interiors and raise the aesthetic appeal will drive market demand. The lack of volatile organic compounds (VOCs) in its composition which inhibits fungal growth can lead to its huge sales.
Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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The prominent key players of the IP telephony market in the global market are mentioned down below-
Ascom Holding AG (Switzerland)
Avaya Inc. (U.S.)
Cisco Systems, Inc. (U.S.)
Gigaset Communications (Germany)
LG Electronics Inc. (South Korea)
Mitel Networks Corporation (Canada)
Panasonic Corporation (Japan)
Polycom Inc. (U.S.)
Yealink Inc. (China)
NEC Corporation (Japan)
and Grandstream Networks, Inc. (U.S.) among others.
Drivers and Restraints
The IP Telephony market is driven by numerous factors such as increasing construction FDI in the Asia Pacific region, and policy reforms and policies that support them. Governments across all regions are observed, their construction sector supported, and created. The emerging economies are the ones that put in various reforms and regulations in particular to fuel their infrastructure growth and the real estate market. Such expansion is slated to increase scaffolding's market growth. The IP Telephony market has constraints such as fluctuating prices of raw materials and slower economic growth, which hinder market development.
IP Telephony Market Importantly, the study not only helps spot the major vendors but also their winning strategies. The real-time data accumulated through qualitative and quantitative research technique further help business owners determine where they stand in comparison to their region, country, and product category.
The global business regional analysis was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. The European region will dominate the market for IP Telephony due to Growing demand for natural gas for generating power and heating spaces. The region needs better transport facilities for gas as the current physical pipelines have become outdated and require high maintenance and upgrade costs. Asia-Pacific is the fastest growing region, since the region's developing nations are the net importers of natural gas. China itself was the largest consumer of natural gas in 2017, with industrialization and urbanization projects expected to increase consumption. The region's emerging markets, such as Indonesia and Pakistan, are also experiencing high demand for natural gas, which brings opportunities for IP Telephony in Asia Pacific.
The IP Telephony market is highly competitive. The key players of the market are enhancing the user experience in IP Telephony technology. The IP Telephony market is popular due to the wide promotions by the key players.
Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL IP TELEPHONY MARKET, BY COMPONENT
1.2 GLOBAL IP TELEPHONY MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL IP TELEPHONY MARKET, BY DEPLOYMENT
1.4 GLOBAL IP TELEPHONY MARKET, BY END-USERS
1.5 GLOBAL IP TELEPHONY MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS