VoIP Phone Systems Market
VoIP Phone Systems Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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VoIP Phone Systems Market Size and Growth
The VoIP Phone Systems market research report highlights a growing demand for cost-effective communication solutions. The global market size is projected to reach $40.9 billion by 2027. Factors such as remote working trends and the need for scalable communication platforms are driving the market growth.
Advancements in technology and increasing adoption of cloud-based solutions are also contributing to market expansion. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Nextiva
◍ RingCentral
◍ Jive Communications
◍ Vonage Business
◍ Dialpad
◍ 8x8
◍ Ooma
◍ FluentStream
◍ net2phone
◍ Versature
The VoIP phone systems market is competitive with companies like Nextiva, RingCentral, Jive Communications, Vonage Business, Dialpad, 8x8, Ooma, FluentStream, net2phone, and Versature providing various communication solutions. These companies use VoIP technology to offer cost-effective, scalable, and feature-rich communication services, helping to grow the market.
- Nextiva: $150 million annual revenue
- RingCentral: $1.1 billion annual revenue
- 8x8: $353 million annual revenue
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Market Segmentation
By Application
By Product
On-premises ◍ Small and Medium Enterprises (SMEs) ◍ Large Enterprises
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Cloud-based
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$ 925.47 Million
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Market Growth
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