VoIP is on the track to become the dominant form of voice communication. With a better quality service that costs less than traditional phone lines, this news comes at no surprise to current users. VoIP technologies are becoming increasingly customizable, enticing more customers into investing. As the scene expands, companies are able to compete with one another to offer even more attractive deals for VoIP users. This translates to savings and profits for everyone involved through the year 2013 and beyond.
With rapidly growing popularity, experts agree that the death of the old traditional phone system is imminent. Here are the latest statistics that prove that VoIP is on the fast-track to replacing landline communications entirely.
1. Increased Mobile VoIP Usage
Market research firm In-Stat estimated in a recent report that the total number of mobile VoIP users will reach 288 million by the end of this year. Mobile VoIP applications use a phone’s data plan to make calls, making the voice options that are currently provided obsolete. Juniper Research in another report made the prediction that mobile VoIP users will reach 1 billion by the year 2017. Clearly, the market for mobile VoIP has room for expansion, and companies should be ready to take advantage of the competitive pricing to come.
2. Doubling Seats
The number of seats for hosted VoIP and other unified communications services is set to double the number from 2012 by the year 2016, according to Infonetics Research. A seat is a term used by VoIP providers that indicates how many phones are connected to a VoIP system, rather than the number of phone lines. VoIP communications are ultimately limited by broadband strength instead of phone lines, which makes a total count of devices more manageable for sales. That count doubling means that not only are there going to be more VoIP customers, but those that already use business VoIP will be satisfied enough to increase their network further.
3. Industry Value Rising
IBISWorld states that the VoIP industry’s contribution to the company, also known as their industry value added, is expected to increase yearly by 15.3% until the year 2017. By then, many new jobs will be created within the VoIP industry. America is still reeling from the recent economic slump, but VoIP seems to be pulling ahead despite that. As it becomes more popular, this rate will only increase.
4. Market Growth
Infonetics Research also forecasts that the combined business and residential VoIP services will grow to be worth $74.5 billion in 2015. VoIP companies will be worth more not only because they’ll be making more money, but also because they will become a more essential service to the future.
5. More Subscribers
In 2011, residential and SOHO (Small Office/Home Office) VoIP subscribers grew by 14% according to the same report by Infonetics. This brought the total number up to 178 million customers worldwide. This kind of growth means that VoIP has a bright future ahead of it, no matter what kinds of subscribers it gets.
In the home, in the office, and on the go, VoIP is fighting on all fronts to become the dominant form of voice communication. Traditional phone systems are on their way out once and for all, and this is the research that proves it. Businesses have never had more confidence that 2015 is the year to finally invest in a VoIP phone system.