Press Release / Technology / IP Phones Market 2019-2023: Key Findings, Regional Study, Industry Growth, Global Trends, Top Key Players Profiles and Future Prospects

IP Phones Market 2019-2023: Key Findings, Regional Study, Industry Growth, Global Trends, Top Key Players Profiles and Future Prospects

IP Phones Market Overview:
The global internet protocol (IP) phones market could garner a significant CAGR during the forecast period (2018-2023), asserts Market Research Future (MRFR). IP phones’ cost-effectiveness stands as an important factor responsible for the said market growth.
An IP phone refers to a VoIP-based telephone service that uses voice over IP technologies to place and transmit calls over an IP network. These IP networks include the internet or the basic public switched telephone network. Digital IP-based phones generally make use of control protocols including skinny client control protocol (SCCP) or session initiation protocol (SIP) among others.
The global desktop IP Phones Market, for the most part, is driven by rising adoption of IP phones in several sectors such as suppliers, manufacturing units, service providers, distributors, and others. Innovative technological advancements along with value-added services offered by manufacturers also help stimulate growth of the IP phone market.
Technological developments, as well as features in IP phones, include user-friendly designs, seamless calls in smartphones and smartphones connectivity via Bluetooth and Wi-Fi. In addition, integration of USB ports in IP phones allows users to conveniently manage and perform tasks like data transmission, syncing of address book and configuration of phone set.
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Key Companies:
Some of the prominent companies shaping the worldwide IP phones market include Mitel (Canada), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Alcatel-Lucent Enterprise (U.S.), NEC (Japan), Avaya (U.S.), Unify (U.S.), ShoreTel, Inc. (U.S.), Dahua Technology Co., Ltd. (China), Huawei Technologies Co. Ltd. (China), among others.
Market Segmentation:
The worldwide IP phones market segmentation analysis includes component, type, and end-user.
The component segment comprises hardware and software components. The software components segment can be split into DNS, TCP/IP, DHCP, SIP, and others.
Session Initiation Protocol (SIP) is a communications protocol for signaling and is easy to debug, implement, and integrate applications. Its common applications are in private IP telephone systems, in internet telephony for voice and video calls, along with instant messaging over internet protocol (IP) networks.
The types of IP phones are wired, Digital Enhanced Cordless Telecommunications (DECT) and Wi-Fi. Depending on end-user, the market caters to corporate consumers and individual consumers.
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Regional Analysis:
The global IP phones market is split into the primary regions of Europe, North America, Asia Pacific and Rest of the World (RoW).
Asia Pacific is expected to achieve the highest CAGR during the review period. An invigorated market growth is perceived in the region as a result of advancement in the product portfolio that boosts its demand. The budgetary aspect on the part of the regional competitors within the market have become active. The region’s working environment is steering the industry towards greater heights. In addition, increasing business needs within the market is providing an advantageous backdrop for positive changes that could solidify market position in the near future.
In Europe, countries like the United Kingdom (U.K), Germany and France are projected to lead the IP phones market. The regional market growth is impressive, given the presence of well-developed infrastructure along with the rising adoption of technology and technological advancements. Eagerness to adopt new and advanced technologies coupled with surge in business needs are also expected to benefit the IP phones market in the region.
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