Voice Over Internet Protocol (VoIP) Services Market Report 2024: Alphabet, Microsoft, Verizon Communications, AT&T, and Cisco Systems Dominate the Industry [Yahoo! Finance]
AT&T Inc. (T)
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Source: Yahoo! Finance
Protocol (VoIP) Services Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering. The global voice over internet protocol (VoIP) services market has grown rapidly in recent years. It will grow from $134.86 billion in 2023 to $151.21 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The expansion observed during the historical period can be attributed to the integration of PBX capabilities into VoIP phone systems for businesses, the rising popularity of web-based apps, the increasing demand for alternate communication services, and the growing number of onsite hardware installations. The voice over internet protocol (VoIP) services market is expected to see rapid growth in the next few years. It will grow to $236.25 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The anticipated growth in the forecast period can be attributed to the cost and security benefits of transitioning to cloud-based VoIP services, the increasin
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