Global VoIP Market Continues to Grow for Tech Companies

Global VoIP Market Continues to Grow for Tech Companies

PALM BEACH, Florida, August 8, 2017 /PRNewswire/ --

According to Ameri Research, the global Voice over Internet Protocol (VoIP) market was valued at $43.3 billion in 2016 and is forecast to grow at a robust CAGR of 10.2% between 2017 and 2024, culminating to global revenue of $93.9 billion by 2024.

As Voice over Internet Protocol (VoIP) continues to develop and assert itself as a viable alternative communication technology, innovation is bringing new possibilities to the sector. Mergers & acquisitions are seen as one of the primary growth strategies followed by leading industry participants in an attempt to enter emerging markets, enhance global presence and penetrate deeper into the already established markets.

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