IP Telephony Market Share, Analysis, and Growth by 2031
IP Telephony Market: Size and Share
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CAGR (2023 - 2031)14.1% -
Market Size 2023
US$ 29.65 Billion -
Market Size 2031
US$ 85.16 Billion
Market Dynamics
- Growth in cyberattacks
- Combined use of AI and ML
- Growth in Remote Work and Mobility
Market Segmentation
- Hardware
- Software
- Services
- IP Desktop Phones
- DECT Phones
- IP Conference Phones
- Installation & Maintenance
- Professional Services
- Wired and Wireless
IP Telephony Market Players Density: Understanding Its Impact on Business Dynamics
The IP Telephony Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the IP Telephony Market are:
- Avaya Inc.
- Cisco Systems Inc.
- Gigaset Communications
- LG Electronics Inc.
- Mitel Networks Corporation
- Panasonic Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the IP Telephony Market top key players overview