Global IP Phone Industry Report: Market Trends and Future Projections

 Market Definition:

IP phones operate using Voice over Internet Protocol (VoIP) technology, enabling the transmission and reception of phone calls via an internet protocol network. These phones convert analog audio into a digital format for internet transmission and vice versa, allowing standard telephone audio reception.

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Market Dynamics: The market's growth is driven by cost-effectiveness and several benefits such as easy installation, convergence of multiple systems, increased productivity, and enhanced service mobility. Competition among internet and telecommunication service providers further propels market growth. However, the lack of location tracking for emergency calls and issues like low bandwidth and poor internet connections could restrain market expansion.

Segment Analysis: The hardware and software segment dominated the market in 2022 and is expected to maintain its dominance during the forecast period. The Wi-Fi segment, within the types of IP phones, held a significant share and is projected to grow further due to investments in integrated wireless IP phones.

Regional Insights: North America led the market in 2022, attributed to advanced technical innovations and extensive usage of IP phones across various official sectors in the US and Canada.

IP Phone Market Anticipated Growth:

IP Phone Market size was US$ 2.73 Bn. in 2022 and is expected to reach US$ 6.50 Bn. by 2029, at a CAGR of 13.2% during forecast period.

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IP Phone Market Segmentation Explanation

by Component

Software
TCP/IP
DHCP
DNS
Others
Hardware
Display
Ethernet
Speaker/Microphone
Keypad

In terms of component, the hardware and software segment led the market in 2022 and is predicted to maintain its lead at a CAGR throughout the projection period. IP phones employ a variety of hardware components, such as displays and Ethernet connections. Displays are used to show messages or caller ID in addition to providing feedback on user input. On a data network, Ethernet is utilized for message sending and receiving. Furthermore, the software portion comprises other internet protocols including the DNS, the TCP/IP network stack, and client implementation for DHCP. In addition, an IP signaling protocol stack is required for Skype, H.323, the Skinny Call Control Protocol (Cisco), and the Session Initiation Protocol (SIP).

by Type

Wired
DECT
Wi-Fi
by End User Corporate Consumers
Individual Consumers

The Wi-Fi category held the largest share of the market by type in 2022 and is predicted to increase at a CAGR during the forecast period. The expansion of the industry is credited to the investments made by several IP phone providers in integrated wireless IP phones. A mobile Wi-Fi IP phone that is intended for use in a variety of business settings and vertical markets, such as retail, logistics, security, and medicine. It meets all portable telecommunication demands with a potent blend of functionality, portability, and durability, which eventually leads to market expansion.

IP Phone Market Key Competitors include

1. Alcatel-Lucent Enterprise
2. Huawei Technologies
3. Avaya
4. Cisco Systems, Inc.
5. Microsoft Corporation
6. Mitel
7. NEC
8. ShoreTel, Inc.
9. Unify
10.Dahua Technology Co
11.Phone.Com
12.Panasonic
13.Grandstream
14.Telzio
15.Polycom

Principal Products/Services:

  • Market Share, Size & Forecast by Revenue 
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Segment, sub-segments and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Table of content for the IP Phone Market includes:

Part 01: Executive Summary

Part 02: Scope of the IP Phone Market Report

Part 03: IP Phone Market Landscape

Part 04: IP Phone Market Sizing

Part 05: IP Phone Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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