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IP Telephony Market is estimated to account for US$ 25.26 Bn in 2017 and is anticipated to grow at a CAGR of 10.1% to account for US$ 63.47 Bn by 2027

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Latest market study on “IP Telephony Market to 2027 by Component (Hardware, Software, and Services), Hardware (IP Desktop Phones, DECT Phones, and IP Conference Phones); Service (Installation & Maintenance, and Professional Services), Installation Type (Wired and Wireless): Enterprise Size (SME and Large Enterprises) End Users (Residential, Corporate and Governmental Organization) -Global Analysis and Forecast”, the IP Telephony market is estimated to account for US$ 25.26 Bn in 2017 and is anticipated to grow at a CAGR of 10.1% to account for US$ 63.47 Bn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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In less than two decades the commercial internet has evolved into an indispensable and fundamental need of not only an individual but also of the organizations catering to global markets. Today population of nearly 2.5 Billion is connected to the internet, and by 2020 the count is anticipated to expand two folds. Having such widespread access to commerce, information, and communications the internet services have had a significant impression on myriad industries. Furthermore, the continued expansion of the digital economy is expected to raise the expectation of consumers resulting in uptake of advanced technologies supported by the internet.

The market for IP Telephony is segmented on the basis of the component, which comprises of hardware, software, and services. The hardware segment further comprises of IP Desktop Phones, DECT Phones, IP Conference Phones, and other IP Phones. The softphone segment focuses on software based IP phones, whereas the services segment is grounded on installation & maintenance, and Professional services. The market by the installation is segmented into wired & wireless, whereas by enterprise size it is segment into SME (having less than 500 employees) and large enterprises (More than 500 employees). In our research report, we have considered, end users segment which includes Residential, Corporate, and Government sectors. Looking at the competitively transforming internet telephony landscape the development of more reliable and cost-effective communications solutions is expected to provide the market to barge into the corporate sector and attain significant penetration in the coming years. Next step in respect to evolution of networking for the businesses is one network i.e., converged network which is responsible to handle transmissions of video, data, and voice along with high quality.

There has been constant development in applicant tracking system market. Recently, Panasonic Corporation launched next-generation IP-based communications server for growing enterprises. Also, Yealink Inc. released its new DECT IP phone product W53P, introduced a new huddle room video conferencing solution, the VC200, and released V32, the latest software update to Yealink second-generation video conferencing system and endpoints.

The top companies operating in the field of IP Telephony include Microsoft Corporation, Cisco Systems, Inc., Avaya Inc., NEC Corporation, Mitel Networks Corporation, Yealink Inc., Panasonic Corporation, Toshiba Corporation, Polycom, Inc., and Ascom Holding AG among others operating in the market and are coming up with new technologies and offerings which is helping the market for applicant tracking system to expand over the years in terms of revenue and subscription.

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The report segments the global IP telephony market as follows:
Global IP Telephony Market – By Component

Hardware
Softphone
Service

Global IP Telephony Market – By Hardware
DECT Phones
IP Desktop Phones
IP Conference Phones
Others

Global IP Telephony Market – By Service
Installation & Maintenance
Professional Services

Global IP Telephony Market – By Installation Type
Wired
Wireless

Global IP Telephony Market – By Enterprise size
SME
Large Enterprise

Global IP Telephony Market – By End-User
Residential
Corporate
Government Organization

Global Applicant Tracking System Market – By Geography
North America, U.S., Canada, Mexico, Europe, France, Germany, Italy, Spain , UK, Russia, Rest of Europe, Asia Pacific (APAC), China, India, Japan, South Korea, Rest of APAC, Middle East and Africa (MEA), South Africa, Middle East, Rest of MEA, South America (SAM), Brazil, Argentina, Rest of SAM

TABLE OF CONTENTS

1. INTRODUCTION 17
1.1 SCOPE OF THE STUDY 17
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 17

2. KEY TAKEAWAYS 18

3. IP TELEPHONY MARKET LANDSCAPE 21
3.1 MARKET OVERVIEW 21
3.2 MARKET SEGMENTATION 22
3.2.1 Global IP Telephony Market – By Component 23
3.2.2 Global IP Telephony Market – By Hardware 23
3.2.3 Global IP Telephony Market – By Service 24
3.2.4 Global IP Telephony Market – By Installation Type 24
3.2.5 Global IP Telephony Market – By Enterprise size 24
3.2.6 Global IP Telephony Market – By End-User 24
3.2.7 Global IP Telephony Market – By Geography 24
3.3 PEST ANALYSIS 26
3.3.1 North America PEST Analysis 26
3.3.2 EUROPE PEST Analysis 28
3.3.3 ASIA PACIFIC PEST Analysis 30
3.3.4 Middle East & Africa PEST Analysis 32
3.3.5 South America PEST Analysis 34

4. IP TELEPHONY MARKET – KEY INDUSTRY DYNAMICS 36
4.1 KEY MARKET DRIVERS 36
4.1.1 Influence of advancing internet facilities in the market 36
4.1.2 Rising Importance of effective communication in corporate ecosystem 36
4.1.3 The cost effectiveness of the IP telephony is driving its adoption 36
4.1.4 Widespread availability of integration support and migration strategies 37
4.1.5 Potential to enhance the quality of customer support and service 37
4.2 KEY MARKET RESTRAINTS 38
4.2.1 Security concerns with respect to increasing cybercrime 38
4.2.2 Issues with emergency calling facility 38
4.2.3 The reliability of IP Telephony over the external power source and internet connectivity might impact its growth 38
4.3 KEY MARKET OPPORTUNITIES 39
4.3.1 The ISDN Switch off coupled with expanding growth of SMEs to provide a noteworthy growth opportunity in the coming years 39
4.3.2 Inception of 5G to provide growth benefits to both IP telephony operators as well as device manufacturers 39
4.4 FUTURE TREND 43
4.4.1 Companies in the IP Telephony value chain would tap onto the opportunities provided by the new GDPR regulation 43
4.5 IMPACT ANALYSIS OF DRIVERS & RESTRAINTS 44

To Be Continued…

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About The Insight Partners:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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