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The global voice communication equipment market is anticipated to witness an impressive growth rate during the forecast period. The voice communication equipment market can be segregated on the basis of applications including wireless outgrow wire lines, wireless technologies, VoIP, telecom operators, Wi-Fi and hardware & telecommunication equipment. VoIP application is anticipated to grow at a significant rate in the upcoming scenario owing to its rising need of VoIP in military applications. In current scenario, military organizations located worldwide are transitioning their telephony infrastructure from legacy TDM (Time Division Multiplexing) to NGN (Next Generation Networks) based on VoIP technology. VoIP traverses over IP networks which, when designed correctly can be more resilient than TDM networks. IP networks are easier to manage and deploy in comparison to their older TDM networks. The overall market can further be bifurcated on the basis of equipment including network equipment and terminal equipment. The terminal equipment holds a significant market share in the global voice communication equipment market owing to the increasing demand for smartphones and tablets. The global population has become more tech navy which is influencing the overall market growth. The terminal equipment comprises of smartphones, soft phones, tablets and IP phones. Smartphones hold the largest market share in the terminal equipment segment owing to its rising sales globally. More than one billion units of smartphones were sold in 2014 which has a significant impact on the overall growth of the voice communication equipment market. The voice communication equipment market is dominated by some major companies such as IBM Corporation, Outsourcery PLC, Microsoft Corporation, Ericson-LG, Nortel Networks Corp.,8×8 Inc. and Siemens Enterprise Communication.
The voice communication equipment market is majorly driven by the technological advancements within the communication systems and growing number of internet users. Globally, there are 41 internet users per 100 people as per World Bank. There were around 3,207 million internet users around the globe. This creates a significant growth opportunity for the voice communication equipment market. Voice communication systems offers reliability, cost efficiency as well as flexibility in terms of user and role management capabilities which is expected to strengthen the market during the forecast period. Moreover, rising convergence services demand for email, audio conferencing, voice mail and various others is expected to significantly impact the market growth. Modern voice communication equipment offer more security and flexibility as compared to conventional voice communication equipment. Rising consumer demand for affordable voice communication equipment are anticipated to offer lucrative growth opportunities in the coming years. Heavy network and bandwidth management is expected to hinder the growth of the global voice communication equipment market.
The report segmented voice communication equipment market on the basis of application, equipment and regions. The country level analysis of each geographical region is the USP of our report. The analysis of the report is based on various parameters such as smart phone sales across region and adoption rate of voice communication equipment in various countries. The data is collected through primary and secondary research. The report provides detailed analysis of key market players and their strategies.
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