IP Phones Market 2019-2023: Key Findings, Emerging Technologies, Global Trends, Industry Segments and Future Prospects

August 26 06:52 2019
IP Phones Market 2019-2023: Key Findings, Emerging Technologies, Global Trends, Industry Segments and Future Prospects

IP Phones Market
Global IP Phones Market, By Component (Software, Hardware), Type (Wired, DECT, Wi-Fi) and End User (Corporate Consumers, Individual Consumers) – Forecast 2023

IP Phones Market Overview:

An IP Phone is a VoIP-based telephone service. IP phones make use of voice over IP technologies for placing and transmitting calls over an IP network, such as internet or the traditional public switched telephone network. Digital IP-based phones use control protocols such as the session initiation protocol (SIP) or skinny client control protocol (SCCP) or others.

Major factors driving the growth of IP phones market is the cost effectiveness. The rising competition between the telecommunication service providers and internet service providers across the industry is driving the growth of IP phones market. IP-based communication is replacing TDM networks at a steady pace. The components like gateways, switches, routers and others carry voice and data content over the IP based network.

The IP Phones Market has been segmented on the basis of component, type and end user. The component segment comprises of hardware and software components. The software components segment is further bifurcated into TCP/IP, DNS, DHCP, SIP and others. Session Initiation Protocol (SIP) is a competing standard to H.323 and is a communications protocol for signaling.

Its main advantages are that it is easy to implement, debug and to integrate applications. It is typically used for the purpose of controlling multimedia communication sessions. The most common applications of SIP are in internet telephony for voice and video calls, private IP telephone systems, as well as instant messaging over internet protocol (IP) networks.

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Major Key Players:

The global IP Phones market holds some of the major players like Alcatel-Lucent Enterprise (U.S.), Huawei Technologies Co. Ltd. (China), Avaya (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Mitel (Canada), NEC (Japan), ShoreTel, Inc. (U.S.), Unify (U.S.), Dahua Technology Co., Ltd. (China), among others are profiled in Market Research Future analysis and are at the forefront of competition in the global IP phones market. The prominent vendors and new entrants are investing huge capital in research and development to innovate and expand their present product portfolio.

Industry News:

March 2018, Westcon-Comstor Resellers Get Auto-Provisioning for Cisco IP Phones. Westcon-Comstor has added Cisco IP phones in their device positioning and lifecycle management solution to empower the solution providers to deliver automated of phones and other management functions in their service portfolio. The company aims to deliver better services to strengthen customer relationships by the addition of Cisco IP phones.

March 2018, Ooma Acquires UCaaS Provider Voxter To Pursue Larger, Midmarket, Enterprise Customers. The company aims that the acquisition of Vortex communication will help the company to reach out to a larger business market with cloud solutions. The company is engaged in providing cloud based voice solutions along with desk phones. The company serves mostly small and medium enterprises. With this acquisition, the company will expand its product portfolio providing customizable solutions.

March 2018, Polycom acquisition expands Plantronics endpoint portfolio. The company has set an expansion strategy after acquisition by Polycom. The company aims to make its product portfolio including hardware products, platforms and enterprises solutions in the cloud. This acquisition will enable the customers to purchase all the related IP phones, hardware accessories and UC endpoints in one-stop shop.

IP Phones Global Market Segmentation:

On the basis of component, the market is segmented into hardware and software. The hardware is further segmented into display, ethernet, speaker/microphone, and a keypad. The software is further segmented into TCP/IP, DHCP, DNS, and others.

On the basis of type, the market is segmented into wired, DECT, Wi-Fi.

On the basis of End-User, the market is segmented into corporate consumer and individual consumer.

On the basis of region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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IP Phones Global Market Regional Analysis:

On the basis of region, the market is segmented into North America, Europe, Asia Pacific and rest of the world. Among these regions, North America is dominating the market of IP phones market in terms of market share and is expected to witness a significant growth. Countries like the United States and Canada are expected to drive the growth of IP phones market with huge demand usage by enterprise users. Additionally, the region has a well-established infrastructure allowing high penetration of devices.

On the other hand, Europe is expected to show a decent growth during the forecast period and thereby claims second position in this market. Asia Pacific is expected to show a highest growth rate during the forecast period.

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