Hosted VoIP and SIP Trunking to boom says research

Monday, 10 October 2011 14:58

A significant uptake of business VoIP solutions around the world is predicted to take place over the next few years.

The latest report from market research firm Infonetics Research finds that Voice over Internet Protocol (VoIP) is set to see a 17 per cent rise growth in the market in 2011, compared with 2010 statistics. The firm, which tracks releases of products and services in the telecom sector, said the hosted VoIP industry will be worth some $76.1 billion (£49.4 billion) by 2015.

Highlighting the main growth areas of SIP Trunking and Hosted VoIP service, the report states that SIP trunking services to businesses is expected to grow at a substantial 52% compound annual growth rate (CAGR) from 2011 to 2015. The number of seats for hosted business VoIP and unified communications services is on track to more than double in the same period.

The report also says that the number of residential and SOHO subscribers to hosted VoIP services are expected to grow from 179 million in 2011 to 262 million worldwide by 2015.

IP Centrex and hosted unified communication service revenue grew 22 percent, while the number of seats grew 25 percent in the first half of 2011 when compared to the second half of 2010.

The research firm attributes this growth primarily to the continued demand for cloud-based services.

"We've increased our short- and long-term forecasts for the voice over IP services market, as adoption in the residential, SOHO, and business segments continues unabated,” said Diane Myers, directing analyst for VoIP at Infonetics Research.

While the residential segment continues to make up the majority of VoIP services revenue, the real growth is in the business segment, particularly SIP trunking services, hosted VoIP and unified communication services, Myers added.