The VOIP Market in UK is being driven by Increasing number of mobile computing devices
The VOIP Market in UK is expected to grow at a CAGR of 9.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5.3 billion. The United Kingdom's business landscape is witnessing a significant shift towards the adoption of Voice over Internet Protocol (VoIP) technology, specifically VoIP assistants. Advanced artificial intelligence (AI) systems, such as Alexa, Siri, and Google Assistant, are increasingly being utilized by consumers for web searching, product ordering, and other tasks. The preference for AI systems stems from their ability to streamline processes and enhance convenience. VoIP assistants, like Dialpad's Voice Intelligence features, are becoming more sophisticated, responding to complex queries and automating routine tasks, such as call routing to voicemail. This results in substantial time and cost savings for businesses. The integration of VoIP assistants into daily operations is a testament to the UK's commitment to leveraging technology to improve efficiency and productivity.
Get more information on VOIP Market in UK by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.3% |
Market growth 2025-2029 |
USD 5.3 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
8.4 |
Key countries |
UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The UK VoIP market encompasses solutions like VoIP gateways, call management systems, and call center analytics. Network performance is ensured through monitoring, optimization, and management. IP address management, security auditing, data privacy, and security are key concerns. Backup and disaster recovery planning are essential for business continuity. Network infrastructure design, implementation, and management involve network architecture, IT support, IT services, and cloud computing.
The global communications equipment market encompasses manufacturers of enterprise networking solutions, such as VoIP phones, IP PBX systems, unified communications, and call center software. According to Technavio, this market is categorized into communication equipment, broadcasting equipment, telecommunication equipment, and infrastructure investments. The market size is determined by the revenue generated from the sales of these products and telecom providers' infrastructure improvements. Notably, cellular phone manufacturers are excluded from this market. Factors fueling market expansion include the rising number of data centers, with hyperscalers investing significantly in their development and capacity expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted