The future of VoIP is undeniably bright. And the best part about that is VoIP already being one of the top performing industries of this decade. According to InStat, a California-based market research firm, almost 80% of businesses use VoIP phones to some capacity. That’s up from 42% in 2009.
Needless to say, there has been a considerable growth in the market these past few years. And many predict even more success for VoIP in the years to come. Here’s a look at what people are saying about VoIP’s potential.
Looking at the Future of VoIP
People are already able to communicate to one another easier than ever before. As global voice traffic continues to grow, VoIP intends to be a significant contributor. In 2014, VoIP accounted for 34% of all the global voice traffic.
That number will grow. Already subscribed to a VoIP service, nearly 100 billion corporate customers indicate how successful this platform is. And leading experts in the field predict that to double by 2020. $85.9 Billion was what VoIP was valued at in 2015. That number is set to reach $94.1 billion by the end of 2016. Such consistent growth has been the cause for a lot of excitement for everyone at VoiceNEXT.
Not only will the customer base continue to grow, but VoIP’s accessibility will, too. Improved bandwidth worldwide has made it easier for video and mobile platforms to grow. Additionally, video communication becoming more affordable is a great boon for the industry. Expectations for mobile VoIP to be the fastest growing VoIP market are strong because of this. Apps with VoIP capabilities are already here and they are very popular. Facebook has had one since 2014. By 2019, 116 million people are expected to be using them.
When looking at the current trends, it’s clear that the future of VoIP will be bright. Over the next few years, using VoIP to some capacity will be unavoidable. VoiceNEXT looks forward to this growth and will continue to innovate alongside VoIP’s technology.