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 Voice Over IP (VoIP) technology, with the integration of advanced voice assistants becoming increasingly prevalent. Consumers and businesses alike are embracing AI-driven solutions such as Amazon's Alexa, Apple's Siri, and Google Assistant for web searches, product orders, and more. The adoption of VoIP assistants, like Dialpad's Voice Intelligence features, streamlines tasks by transcribing and recording meetings, resulting in substantial time and cost savings. These sophisticated virtual assistants handle complex queries and automate routine tasks, enhancing overall productivity and efficiency.
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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:
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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 |
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The VoIP market in the UK is witnessing significant growth with the adoption of advanced security protocols like SIP and VoIP security, IP phone deployments, call center solutions, and telephony integration. Network monitoring tools, VoIP troubleshooting, and SIP server administration are crucial for maintaining high voice quality. PBX maintenance, voice quality metrics, and network topology design are essential for cost optimization. Software-defined networking, virtual PBX solutions, and cloud-based VoIP are transforming communication systems. Hybrid VoIP systems ensure PSTN connectivity, while digital signal processing and audio compression codecs enhance voice clarity. Multi-tenant architecture, high availability design, failover mechanisms, redundancy strategies, capacity planning, network security, data encryption, and access control lists are vital for ensuring reliability and security in VoIP communications.
The global communications equipment market encompasses manufacturers of enterprise networking solutions, such as LANs, WANs, routers, telephones, switchboards, and exchanges, as well as communications infrastructure or telecom equipment. According to Technavio, market size is determined by the revenue generated from equipment sales, broadcasting equipment, telecommunication equipment, and telecom service providers' infrastructure investments. Excluding cellular phone manufacturers, this market's growth is attributed to the expanding number of data centers, necessitating significant investments in advanced communication technologies, including SIP trunking, VoIP, IP PBX systems, and VoIP gateways, which utilize Session Initiation Protocol for call signaling.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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