ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “VoIP Services Market (Corporate Consumers and Individual Consumers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”. According to this report, by 2020, the global VoIP services market will generate revenue worth US$136.76 billion and also reach a subscriber base of almost 348.5 million.
The global VoIP service market is basically driven by rising demand for mobile communication services, technological development in the area of network infrastructures, and high performance ratio. Other factors like diversification of telecommunication service providers to VoIP services, and the trend of bring your own device in corporate consumer segment also drive this market. The global VoIP services market is segmented based on configuration, call type, end-use, and geography. Computer-to-computer, phone-to-phone, and computer-to-phone VoIP services are the segments based on configuration. Based on call type, this market is classified into domestic and international VoIP calls. Corporate and individual consumers are two end-users operating in the global VoIP services market.
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Geographically, the global VoIP services market is segmented into Europe, North America, the Asia Pacific, and Rest of the World. This market is led by Europe, both in terms of subscriber base, and revenue. Europe is then followed by the Asia Pacific. The Asia Pacific VoIP services market is expected to grow at a healthy CAGR of 14.6% owing to the adoption of 3G and 4G communication networks, and widespread development of network infrastructure in this region. Countries like the Middle East, Africa, and Latin America have several growth opportunities in the VoIP market. iNet Telecoms Ltd., Viber Media, Inc., and Microsoft Corporation are some of the prominent players operating in the global VoIP services market.
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