Value of VoIP market to double in 5 years
Okay, so we beat the economic downturn and now it looks like we are actually coming out even stronger. According to ABI Research, the VoIP horizon looks even sunnier.
The VoIP market, which includes SIP trunking, IP-PBX/IP Centrex and managed VoIP services, is set to be a $20 billion industry by 2015. Companies will be replacing their old legacy systems and apparently they are doing it increasingly with hosted VoIP services. Even larger enterprises seem to be getting into the hosted VoIP action. Enterprises are now seriously debating the costs and benefits of owning their telephony or having someone else host it.
“The trend of companies outsourcing their communications infrastructure has taken off in earnest, as enterprise decision-makers look for cost savings without having to compromise on features and functionality,” comments senior analyst Subha Rama in a release. "Among VoIP access technologies, SIP trunking, with its promise of trunk consolidation, centralized management and administration, and application federation across enterprises, has seen considerable growth in terms of installed base and revenues in the last 12--18 months.”
- read the release