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 virtual assistants becoming increasingly prevalent. Consumers and businesses alike are embracing AI-driven solutions such as Amazon Alexa, Apple Siri, and Google Assistant for web searches, product orders, and various other tasks. These intelligent assistants streamline processes, enabling users to save both time and resources. VoIP providers like Dialpad offer innovative features, such as Voice Intelligence, which automatically records and transcribes meetings, thereby enhancing productivity and efficiency. The adoption of such technology is not only convenient but also cost-effective, making it an essential tool for modern businesses.
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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 driven by advanced technologies such as SIP signaling and RTP streaming, underpinned by robust VoIP protocols. Key features include PSTN interconnection, call queuing, auto attendant, voicemail integration, mobile VoIP, and softphone applications. Desktop phone systems and VoIP handsets offer compatibility with headsets and support for call forwarding, three-way calling, call transfer, presence indicators, instant messaging, video conferencing, and more. VoIP security is ensured through encryption methods, firewall configuration, access control lists, and compliance with regulatory standards. System upgrades, technical support, and VoIP migration are essential services for businesses undergoing digital transformation.
The UK VoIP market encompasses sip trunking, VoIP call routing, session border controller, unified communications, and IP PBX systems. This sector falls under the broader communications equipment market, which includes manufacturers of enterprise networking solutions, such as LANs, WANs, routers, telephones, switchboards, and exchanges. According to Technavio, the communications equipment market size is determined by sales revenue from communication equipment, broadcasting equipment, telecommunication equipment, and infrastructure investments. Exclusions from this market include cellular phone manufacturers. Market expansion will be fueled by the proliferation of new data centers and the expansion of existing facilities by hyperscalers.. 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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