VoIP market now worth $20.7 billion

5 Nov 2009

VoIP market now worth $20.7 billion

A report from Infonetics Research for VoIP, UC Services and Subscribers showed that in the first half of 2009 the global VoIP services market grew to $20.7 billion.

The report detailed information on the majority of the VOIP growth being from residential VOIP subscribers, which was up by 14% from the end of 2008. Business figures, however, showed a slowdown on IP PBX growth but a forecast for an increase of 26% in revenue with Hosted VoIP & UC services.

The Directing Analyst of service provider VoIP and IMS at Infonetics Research, Diane Myers, was quoted as saying “Demand for residential and business VoIP services continues to grow even as spending in other communication areas tightens.”

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