Global Business VoIP Services Industry

Global Business VoIP Services Industry

  • September 2020 •
  • 204 pages •
  • Report ID: 4951660 •
  • Format: PDF
Global Business VoIP Services Market to Reach $31.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Business VoIP Services estimated at US$26.4 Billion in the year 2020, is projected to reach a revised size of US$31.9 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027.

The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 5.1% CAGR

The Business VoIP Services market in the U.S. is estimated at US$7.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.We bring years of research experience to this 19th edition of our report. The 204-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • 8x8 Inc.
  • AT&T, Inc.
  • Avaya Inc.
  • Cisco Systems Inc.
  • Deutsche Telekom AG
  • InPhonex LLC
  • MegaPath
  • Microsoft Corp.
  • Mitel Networks Corporation
  • Nextiva
  • Orange Business Services
  • RingCentral Inc.
  • ShoreTel Inc.
  • Sprint Corporation
  • Telenor Group
  • Verizon Enterprise Solutions
  • Viber Media S.à r.l
  • Vonage Holdings Corp.
  • West Corporation