Tuesday, 13 August 2013

It’s Official: Why VOIP is Set To Eliminate Traditional Communications

The trend is clear – it’s been happening for well over a decade. The steady march of improvements in the quality of VOIP has generated a migration towards the cloud-based technology which brings businesses so many more advantages. Make sure you’re making the best of what’s out there for YOUR business…

As the VOIP supplier base expands, companies are able to compete with one another to offer even more attractive deals. With rapidly growing popularity, experts agree that the death of the old traditional phone system is imminent. Here are some of the latest US statistics that indicate that VoIP is on the fast-track to replacing landline communications, and where the US treads, the UK is generally not far behind:

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. In another report by Juniper Research it is predicted that mobile VoIP users will reach 1 billion by the year 2017. With the market being so poised for expansion an new competition, companies should be ready to take advantage of the competitive pricing to come.

2. Doubling Seats

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. The number of seats for hosted VoIP and other unified communications services is set to double by the year 2016, according to Infonetics Research. That count doubling means that not only are there going to be more VoIP customers, but those that already use business VoIP will be able 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 with more innovation, more development and more client business benefits to come as a result.

4. Market Growth

Infonetics Research forecasts that the combined business and residential VoIP services will grow to be worth $74.5 billion in 2015. VoIP companies will become a more essential service to the future in in both commercial and domestic use as the flexibility and scope of internet based services is more fully understood and appreciated.

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, and subscribers can be assured of greater supplier security, quality and competitive behaviour.

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 and this is the research that supports it. Businesses have never had more confidence that 2013 is the year to finally invest in a VoIP phone system.

Our data was sourced from technology writer Jennifer Cuellar.

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