VoIP Named As Fastest Growing Technology Of The Past Decade

Updated: September 23, 2015

Ibisworld Research has released a report that VoIP was the fastest growing technology of the past decade based on cumulative revenue growth from 2000 through 2009. According to Ibisworld, the VoIP industry grew at 179035% over the decade while the second largest industry growth was in Search Engines which grew at 1656% - in other words, according to Ibisworld the VoIP industry as a whole grew 100 times more than any other industry between 2000 and 2009. I have to take these numbers with a certain level of skepticism. I am quite prepared to believe that VoIP was indeed the fastest growing industry over that time. VoIP is almost ubiquitous at this point and far more people and businesses depend on phones than on searching the internet. And almost all internet search growth has come at one company (or at most three companies if you want to count Microsoft and Yahoo) while VoIP growth has come at hundreds of companies. The study also notes that VoIP revenues only really started in 2002

The full top ten list is here.

1. Voice Over Internet Protocol Providers (VoIP) 179,035%
2. Search Engines 1,656%
3. eCommerce & Online Auctions 469%
4. Online Dating & Matchmaking 249%
5. Tank & Armored Vehicle Manufacturing 245%
6. Petrochemical Manufacturing 221%
7. Mining Support 187%
8. Wireless Telecommunications Carriers 183%
9. Biotechnology 182%
10. Warehouse Clubs and Supercenters 147%

To see what current VoIP Systems can do for your business (and why VoIP has been so successful) take a look at the CompareBusinessProducts VoIP Comparison Chart.