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Global IP Phone Market is Anticipated to Grow at a CAGR of 16.87% over the Forecast Period (2021 To 2029)

Published On 10 Feb 2022 07:22 AM


IP phones are being increasingly used by businesses as a mode of affordable communication for reaching both clients and potential customers globally. These phones are easy to use, and cordless IP phones also enhances the flexibility of communication, especially in remote settings.  The COVID-19 pandemic has adversely impacted business operations globally. Companies are increasingly working on developing digital strategies to combat the change in working conditions as a result of social distancing and lockdown norms that are being enforced by government bodies. Remote working has gained massive adoption during the pandemic, as companies are increasingly asking employees to work from home to prevent the spread of coronavirus. Employees are increasingly utilizing IP phones with greater security features to attend company and client meetings. Remote collaboration is being facilitated through the use of advanced IP phones that support video calling as well. Grandstream Networks, Inc., for instance, provides IP video phones which can be connected to the desktop for greater visibility. GXV3380, for instance, is an IP video phone that has an inbuilt 2 MP and Bluetooth connectivity for synching various mobile devices. The pandemic has raised the demand for IP phones globally, and hence, has had a progressive impact on the global IP phone market.

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Our 420+ pages research study on Global IP Phone Market will include extensive information on the following pointers:

  • Global Market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2019 has been considered as historic years, 2020 as the base year, while 2021 to 2029 has been considered as the forecast period.
  • Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
  • Technological Trends
  • Macro-Economic and Micro-Economic Indicators
  • Market determinants and Influencing Factors
  • Market Dynamics (Drivers, Restraints, Opportunities and Challenges)
  • Global and Regional Impact of Covid-19 on Global IP Phone Market
  • Porter’s Five Forces Analysis
  • Competitive Benchmarking: Global Presence and Growth Strategies
    • Mergers and Acquisitions
    • R&D Initiatives
    • Product Launches
    • Investments Trends
  • Market Share Analysis, 2020
  • Detailed insights of major market participants operating in the market, including information on company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies.
  • We have reports available in different languages including German, Russian, Korean, French, Chinese, Arabic, Spanish, Japanese and other languages.
  • We offer the feasibility of customizing the reports specific to regions which will cover exclusive insights on regions and its respective countries (namely North America, Europe, Asia Pacific, Middle East & Africa, Latin America)

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Further key findings from the report are mentioned below:

  • In terms of regions, the Asia Pacific market is expected to show the highest growth during the forecast years in the global IP phone market. The rapid growth of businesses in the Asia Pacific region, especially in India, China, Indonesia, amongst others, is paving way for the use of IP phone, especially to communicate with foreign investors and clients. Companies are increasingly providing IP phones which are being manufactured locally at affordable prices, and at discounted rates for small and medium enterprises and start-ups in the Asia Pacific region. The region is also being enriched by the growth of online sales channels such as IndiaMART, Amazon, Alibaba, amongst others, that are enhancing the availability of IP phones in the Asia Pacific countries. Alibaba, for instance, is allowing local manufacturers in China to sell their products globally at reduced rate. Shenzhen Bo-Net Technology, for instance is utilizing Alibaba's distribution channel to deliver their products such as CP-7961G IP phone, LCD IP phone, etc., to different parts of the world. An order greater than 10 pieces allows the end-users to avail the phones at US$ 100 per unit. Customized logo services are also being provided by the company for orders greater than 5000 units. The region is benefiting massively from various government initiatives that promotes the local manufacturing of electronics and communication systems, which in turn benefits IP phone manufacturing. These factors are expected to lead to the growth in revenue in the Asia Pacific IP phone market in the coming years.
  • Products segmented accounted for the highest market share in the global IP phone market in 2020. The rising demand for ready-to-use IP phones, especially in North America and the Asia Pacific region, is a major reason for the higher share of the products segment in the global IP phone market.

Absolute Markets Insights segmented the global IP Phone market based on offering, type, connectivity, mechanism, end-use, organization size, sales channel, and region.

Global IP Phone Market Offering Outlook (Revenue, USD Million, 2015 - 2029)

    • Products
    • Services

Global IP Phone Market Type Outlook (Revenue, USD Million, 2015 - 2029)

    • Desktop Phone
    • Video Phone
    • Conferencing Phones
    • Softphones

Global IP Phone Market Connectivity Outlook (Revenue, USD Million, 2015 - 2029)

    • Bluetooth
    • Wi-Fi

Global IP Phone Market Mechanism Outlook (Revenue, USD Million, 2015 - 2029)

    • Corded
    • Cordless

Global IP Phone Market End-Use Outlook (Revenue, USD Million, 2015 - 2029)

    • Personal Use
    • Business Use  
      • Call Centers
      • Education
      • Financial Services
      • Government
      • Healthcare
      • Media and Entertainment
      • Hospitality
      • Real Estate
      • Manufacturing
      • Others

Global IP Phone Market Organization Size Outlook (Revenue, USD Million, 2015 - 2029)

    • Small and Medium Enterprises
    • Large Enterprises

Global IP Phone Market Sales Channel Outlook (Revenue, USD Million, 2015 - 2029)

    • Direct
    • Indirect

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Global IP Phone Market Regional Outlook (Revenue, USD Million, 2015 - 2029)

    • North America (U.S., Canada, Mexico, Rest of North America)
    • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
    • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
    • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
    • Latin America (Brazil, Argentina, Rest of Latin America)

 Key Competitors for Global IP Phone Market are:

  • Aastracom 
  • Alcatel
  • Avaya Inc.
  • azimuth communications Fanvil Technology Co., Ltd.
  • Cisco Systems, Inc.
  • Grandstream Networks, Inc.
  • Huawei
  • Mitel Networks Corp.  
  • Plantronics, Inc.
  • Snom Technology GmbH
  • Verizon
  • VTech Communications, Inc. 
  • Yealink Inc.
  • Other Market Participants

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Press Release Provided By: Absolute Markets Insights