Voice over Internet Protocol (VoIP) is a technology which allows you to convert telephone audio digitally over the Internet. VoIP operates according to SIP (session initiation protocol), an important part of the application layer protocol. SIP can be used to make Internet telephone calls and multimedia conferences. There are different types of VoIP, but residential VoIP holds a lot of interest owing to its market. Residential VoIP uses a person’s Internet connection to make and receive calls.
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Residential VoIP offers several benefits if you have a fast Internet connection. It can be inexpensive as an Internet connection allows you to make phone calls. It is portable as the call quality doesn’t depend on distance or location. You can be contacted by your virtual number as long as you have an Internet connection.
Residential VoIP has additional features of call forwarding, voicemail, and three-way calling. But issues like identity theft, security, and lack of emergency calling can hamper the residential VoIP application IC market.
Regions covered include North America, Europe, Asia Pacific, and RoW (Rest of the World). It is illegal to use VoIP services inside India and Oman. Unfavorable regulations are hampering market growth in Asia Pacific. The United States and Europe allows calls over VoIP to be taxed according to the call duration.
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Notable providers of the residential VoIP application IC market are Phone Power, Skype, VOIPo, Grasshopper, and Axvoice. Phone Power is known for giving cheap service to all types of clientele. They offer a long-term plan with low term rates. Notable benefits of Phone Power are a second line, free equipment, and 60 international minutes. VOIPo are known for making straightforward plans with minimal difference of prices and features between residential and corporate. Grasshopper is a pure virtual service which works primarily through the application. Axvoice allows customers to make calls at very flat economical rates.
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