5 Voip Trends Making Landlines Obsolete
The VoIP space grows every year and 2017 is expected to be no different. Two key drivers of the increasing popularity of VoIP are the growth in the number of small businesses and the rising trend of remote work. As this trend continues, we should not be surprised if landlines become obsolete in just a few more years. Here are five VoIP trends that are making landlines obsolete:
The Fifth Wave
If you thought that 4G is fast, you will be delighted to know that the introduction of 5G isn’t too far away. 5G is expected to be ten times faster than 4G. Some companies will begin to offer 5G services in select locations by 2017, although a broader roll out is expected by 2020. 5G will be a quantum leap for VoIP users. No longer will you have to worry about poor call quality due to low bandwidth. As a result, fewer people will need to rely on landlines for business communication.
According to Forbes, 81 percent of CEOs see mobility as a top priority when achieving a competitive advantage. The growth in the computing power of mobiles has made it possible for people to use their devices for an increasing variety of business functions.
Juniper Research had predicted that the number of mobile VoIP users will cross one billion in 2017. The emergence of 5G, coupled with the growth in computing power will take this even further.
Integration between different business tools and systems goes a long way in boosting productivity. For instance, the rise in voice recognition software makes it unnecessary for a salesperson to manually type in the details of a call into a CRM. Similarly, the more business tools that work in sync, the less time and effort it takes to get things done.
With VoIP, the potential for integrations is limitless. An increasing number of VoIP providers are integrating with CRMs and other business tools and eliminating the need for manual entry and updating records. However, none of these advantages are available in a landline, which is why more people are abandoning it.
One of the biggest reasons for the growth of VoIP has been the economic benefits. VoIP is far cheaper than using a landline. And as business and personal use of VoIP grows, so do the number of companies who offer the service. As a result, prices fall because of competition. Furthermore, more users mean more economies of scale, which is passed on to customers as lower prices.
McAfee’s 2017 Threat Predictions Report warns us that the cloud will be targeted by hackers in 2017. Landlines have usually been more secure than VoIP in the past. However, increased awareness of vulnerabilities is prompting VoIP providers and related technology providers to develop stronger security features. More businesses are feeling confident about using VoIP for confidential communications.
VoIP is making it easier for businesses of all sizes to collaborate more easily, work faster and gain huge savings. The list of benefits is only growing and it’s no wonder that fewer people are using landlines for their business communication.