According to Transparency Market Research, the forecast for VoIP growth continues to look strong. Transparency noted that today’s global economy fosters a highly competitive environment for businesses, driving them to seek innovative telecom solutions to maximize their efficiency and productivity across all areas. In short, VoIP helps all types of businesses to better compete.
As businesses move to cut costs, shopping for a hosted VoIP provider is often the first step. According to Transparency, this is a primary factor “boosting the demand for VoIP services around the world.”
Transparency explained that the global VoIP services market, which stood at US$70.90 billion in 2013, is expected to reach US$136.76 million by the end of 2020, nearly doubling.
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