Which VoIP Technology is Growing the Fastest?
Voice Over Internet Protocol technology is seeing its fullest growth ever as more businesses and individuals discover how VoIP Technology changes the way we communicate by phone. Proof of this comes in recent numbers showing VoIP revenue shooting to the biggest totals we’ve seen thus far. Last year, the VoIP service market jumped to $73 billion based on strong business sales.
However, revenue spiked for numerous VoIP Technology types since it now has various categories. While you may think this phone technology fits into one category, it’s expanded into other technology options, including away from the business world.
Once considered only viable in companies, VoIP now has growth on a more personal scale, which might surprise you. Thanks to advancements, technological integration is becoming more possible now through VoIP systems, which only enhances efficiency in work settings.
Take a look at which VoIP Technology categories have the most growth as a primer in what’s currently available.
United Communications as a Service
In the link above, it’s noted how much Unified Communications as a Service (or UCaaS) has grown within the revenue model. It’s grown considerably in just the last year, and it’s not hard to see why when you take “unified communications” to heart.
As businesses grow more complex, the need for unifying various technologies is ever greater. Many VoIP providers allow this now with prices cheaper than what companies pay for separate services. With landline phone rates still expensive due to regulatory fees and long-distance rates, it’s a no-brainer to consider VoIP as a better option.
The fact that VoIP generally charges a flat rate for multiple services, it’s no secret why revenue has exploded. Unified communications here usually means other services you’d have to pay extra for, as well as extra equipment. Tech like wait music, digital assistants, and conferencing ability all have separate companies charging extra to willing businesses.
It’s worth your time to examine whether a VoIP provider has unified communication capability to save you money and physical office space.
Known as Session Initiation Protocol, SIP technology is also growing within VoIP platforms. It connects to unified communications above because it allows you to combine different telephonic services on one Internet line.
Be sure to scope out SIP trunking with any VoIP provider, because it saves you more time having to connect multiple lines for different services. It’s an example of how VoIP hybrid solutions are the norm now and gaining in sales around the world.
In many cases, you’ll find PBX and unified communications services being pitched alongside SIP technology as one entire VoIP solution. There probably isn’t one business not considering it when realizing the complexity levels in many industries today.
What might surprise you is residential VoIP has grown considerably in the last year as well. While you may think of VoIP as being only useful in the office, using it at home can save residents just as much money. We all make long-distance calls from home to relative and friends. Plus, we all deal with expensive cell phone rates while on the go.
VoIP can save many households hundreds of dollars in phone bills per year. Along with the ability to create extensions on mobile devices, cell phones can get put to better use while going off the same VoIP bill.
With these growth trends, we may see landline phone start disappearing from both offices and homes very soon.
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