Plenty Of Room For Growth In VoIP In Coming Decade

Mostly On Mobile Devices

Updated: January 07, 2011

Despite the almost ridiculous growth of VoIP in the past decade there is apparently still room for more growth according to the same research group that prepared the look at top revenue generating industries of the past decade, Ibisworld.

Ibisworld also forecast the fastest growing industries of the coming decade and once again VoIP made the top of the list.

Best Performing Industries In The Coming Decade (2010-2019)

  • Voice Over Internet Protocol Providers (VoIP) 150%
  • Retirement & Pension Plans 134%
  • Biotechnology 128%
  • eCommerce & Online Auctions 125%
  • Environmental Consulting 120%
  • Video Games 113%
  • Trusts & Estates 106%
  • Search Engines 101%
  • Recycling Facilities 81% 
  • Land Development 73%

Correspondingly wired telecommunications was at the bottom of its list for the coming decade. This last is no surprise with the announcement that the US Government is seeking to transfer all PSTN phone lines to IP. And this announcement does indeed provide some room for growth for VoIP. But the more likely arena for VoIP growth is in the mobile arena where VoIP has already begun to make minor inroads.

However with the rapid growth in data traffic over mobile devices and the rapid rollout globally of high speed wireless services, with an IP backbone, it is actually inconceivable that all mobile phone calls will not be carried over VoIP by the end of the decade. So this prediction of a second decade of VoIP dominance isn't inconceivable – and VoIP will certainly be in the top ten. But number one? How about any one of the many currently unknown technologies and industries that are bound to emerge? Nanotech anyone? (Or if you still don't have a modern phone system, take a look at the CompareBusinessProducts VoIP Comparison Chart.)

Featured Research
  • What You Need to Know About VoIP Security

    No matter the industry or area of expertise, a strong VoIP system is the perfect tool for any business looking to take both its internal and external communication to the next level. more

  • Are You Using These 5 VoIP Features?

    In large part, the success of your business depends on the strength and reliability of your team’s many communication networks—this includes your Voice over Internet Protocol system (VoIP). more

  • Go Mobile and Increase Employee Productivity

    The Bring Your Own Device (BYOD) and Voice over Internet Protocol (VoIP) tech trends now allow people to work whenever, wherever, and however they want—mobility makes it happen. more

  • [Infographic] How to Select a Phone System in 10 Steps

    Choosing the perfect phone system for your business is no small task …. Depending on the size of your company, the industry in which you work, and the specific needs your phone system will be required to meet, any number of solutions could get the job done. more

  • 2017 Business VoIP Cost Guide

    Reducing expenses is one of the main reasons that businesses switch from traditional office phone systems to VoIP technology. But many people rush this decision and end up spending more than they need to. The costs of implementing a new VoIP system can increase quickly, especially if you don’t strategically plan for it ahead of time. more