Voice over Internet Protocol (VoIP) Market Outlook 2025 |The Insight Voice over Internet Protocol (VoIP) Market Outlook | Page 3
Voice over Internet Protocol (VoIP) Market to 2025
The increase in demand for technological development in network structures, mobile communication and high
performance ratio is the key driver for the rising demand for the global VoIP services market. Rising bring your own
device (BYOD) popularity coupled with diversification of telecom service providers to VoIP services is expected to
drive the global VoIP services market in the near future. Furthermore, the global VoIP services market is motivated
by technological advancements. The use of portable devices such as tablets and smartphones has also led to the
growth of global VoIP market. VoIP services are economical for both individual and corporate customers. Moreover,
VoIP services helps the corporate customers to save the operational cost that is spent on acquiring the traditional
communication services. Due to packaged service offerings and cost efficiency, business customers are opting for
cloud based VoIP services. Also, telecommunication companies are offering VoIP services their customers
constantly, creating a demand for global VoIP market.
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