In a recent report by market research firm TechNavio, the firm forecasting that the global market for VoIP services will increase at an annual growth rate of 7.1 percent from 2011 to 2015.
The low cost of VoIP services and the increasing use of session initiation protocol (SIP) is attributed to the continued growth, but complexity of deployment may contribute to challenges for future growth.
The report includes key players such as Skype and Truphone in the telecom industry’s Global Mobile VoIP Solutions market, which TechNavio’s analysts forecast to grow at a Compound Annual Growth Rate (CAGR) of 64.6 percent over the 2011-2015 period. One of the key factors contributing to this market growth is the “increasing global network and wireless bandwidth capabilities.”
The Global Mobile VoIP Solutions market has also been witnessing the emergence of mobile VoIP-enabled phones, many of which have voice over IP applications downloaded onto them. However, lack of awareness about mobile VoIP solutions issues could pose a challenge to the growth of this market, according to the report.
Another report published recently by Visiongain — which runs parallel to that done by TechNavio for 2012 — noted that the mobile VoIP market should be worth $2.5 billion (£1.6 billion) by the end of this year. Increasingly, people are demanding access to VoIP and all of its benefits while they are on the road or in a remote location, and it’s in this market that internet calling apps could expect to see significant growth according to these reports.
This is great news for the key players such as Truphone, who will release a newly upgraded VoIP app in the near future for BlackBerry 10, iOS, Android, PC, and a possible release on Windows Phone 8.