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Feb 1

U.S. VoIP Market Knocks it Out of the Park with Remarkable Annual Revenue

When put into the boxing ring, VoIP has come out as champion year upon year. We all know that the VoIP market has been progressively exploding onto the scene, but recent research now confirms for us just how much.

IBISWorld last month divulged in its “VoIP in the US” report that “VoIP experienced massive growth at the start of the past five-year period,” and that “the expansion of mobile broadband networks will open up new avenues for growth.” Furthermore, they report that “concentration in this industry has increased over the past five years,” which only further reflects the effectiveness of today’s players in the VoIP and wholesale VoIP space.

In short, the U.S. VoIP market experienced a 16.7 percent annual growth rate over the last five years, generating $15 billion in annual revenue. This week, TMC blogged about these staggering numbers as well, reporting that IBISWorld also expects the increasing deployment of 4G mobile data networks to fuel continued growth in the VoIP market. Additionally, the blog reports that Juniper Research (News - Alert), the premier provider of mobile research, analysis and forecasting services, recently predicted that mobile VoIP users would reach one billion by the year 2017.

Source: TMCnet