IP Phone Market is expected to reach US$ 7.36 Bn by 2030

(IT-NEWSWIRE.COM, September 22, 2024 ) IP Phone Market size was US$ 3.09 Bn. in 2023 and is expected to reach US$ 7.36 Bn. by 2030, at a CAGR of 13.2% during forecast period.

IP phones, also known as voice over internet protocol technology, utilize hardware and software telephone systems to send and receive phone calls through an internet protocol network. The IP phone changes analogue audio to digital for transmission over the internet, and reverses this process for incoming digital phone signals. The growth of the market is largely supported by the significant contributions of the US and Canada. The increase is credited to the advanced technological advancements and increasing utilization of IP phone in different official sectors throughout the North America region.

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IP Phone Market Segmentation

By component

Software

TCP/IP

DHCP

DNS

Others

Hardware

Display

Ethernet

Speaker/Microphone

Keypad

By type

Wired

DECT

Wi-Fi

By End-User

Corporate consumer

Individual consumer

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IP Phone Market Key Players:

Alcatel-Lucent Enterprise

Huawei Technologies

Avaya

Cisco Systems, Inc.

Microsoft Corporation

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IP Phone Market is expected to reach US$ 7.36 Bn by 2030