Global VoIP market worth $40 billion annually by 2015
Market Trend

Global VoIP market worth $40 billion annually by 2015

The global fixed-line VoIP market is expected to make $40 billion a year by 2015, according to research firm Point Topic.

VoIP has over 120 million subscribers worldwide having grown 12.6% during 2010.

“VoIP has all the hallmarks of a classic substitution commodity,” said John Bosnell, senior analyst at Point Topic.

“This is where customers look at the service that is delivered by a new product and decide that it meets, or exceeds, the service they are currently receiving and when it is appropriately priced they will switch from one to the other.”

End-users are moving from traditional telephone systems to an end-to-end IP service that provides voice services at a lower cost and adds the possibility for more services.

The report points to France as a “test bed” for VoIP, where an active supplier base in the country has been made available to a larger percentage of the population.

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