Several technological advancements along with stringent government norms are expected to rapidly increase the global voice communication equipment market over the forecast period.
Voice communication equipment offers cost-efficiency, reliability, and flexibility in terms of role management abilities, which are projected to impel market growth. Additionally, it offers high accuracy, easy usability, and better voice quality and media, which are expected to drive the voice communication equipment market over the next six years.
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Considerable rise in demand for VoIP, tablets, and smartphones demand along with increasing demand of convergence services for instant messaging, audio and video conferencing, voice mail, and e-mail is expected to accentuate the industry expansion.
Implementation of several policies by regulatory bodies across the world along with increasing number of internet users is anticipated to impel industry demand. Additionally, regular upgrading of technology and surge for cost-effective connections are estimated to offer prominent opportunities for market growth.
The considerable shift from circuit-switched networks to packet-switched networks combined with transition from traditional telephony from CDMA or GSM to VoIP services through 3G and 4G technology is expected to trigger voice communication equipment market growth.
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Voice communication equipment industry can be classified on the basis of network equipment and terminal. The network equipment comprises Private Branch Exchange (PBX), router, and switches, whereas the terminal equipment includes softphones, tablets, IP phones, and smartphones.
VoIP technology offers efficient connection between multiple communication systems such as intercoms, UHF, and VHF radios. Its prime function is focused on long-distance voice services through standard networking equipment including switches, routers, and IP phones. However, heavy bandwidth and network management and high infrastructural requirements can curb market growth.
North America is projected to be the dominant region over the forecast period. Europe is estimated to be an emerging region owing to the increasing subscriber base in VoIP segment. Increasing population combined with rising demand for this equipment in countries including China, India, and Japan is further expected to positively impact voice communication equipment market growth.
Notable players in the industry include IBM Corporation, Outsourcery Plc, Speedflow Communications Ltd., Nortel Networks Corp., Ericson-LG, Microsoft Corporation, Siemens Enterprise Communication, 8×8 Inc., RocTel International, MDS Gateways, PanTerra Networks, and ADTRAN Inc.
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