VoIP and SIP Trunking Solutions Increasingly Appealing to Business
The voice over Internet protocol (VoIP) access and session initiation protocol (SIP) trunking services market will continue to build on its impressive, downturn-defying 40.1 percent growth in user base and 22.3 percent growth in revenues in 2009, as enterprises look for cost-effective alternatives to their legacy time division multiplexing (TDM)-based communication infrastructure.
Intense market competition and the resulting price pressures, at least at the lower end of the market, are likely to keep the subscriber base growing at a faster rate than revenues, translating to lower margins for the providers.
New analysis from Frost & Sullivan, North American VoIP Access and SIP Trunking Services Markets, finds that the market earned revenues of $717.3 million in 2009 and estimates this to reach $3.9 billion in 2016.
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Businesses Increasingly Acknowledge the Cost-Saving