VoIP Market Is Going to Double in 5 Years

Updated: January 07, 2011

According to the latest forecasts from ABI Research, the market for business VoIP services is& on pace to double by the year 2015. This figure includes integrated access, SIP trunking, hosted IP-PBX/IP Centrex as well as managed IP-PBX services. ABI expects the market to exceed $20 billion by 2015. This boom in growth is mainly attributed to businesses replacing their old legacy phone systems for new hosted VoIP solutions. Larger enterprises are taking notice of what many small businesses have known for years, VoIP technologies are great time and cost savers. ABI states that large enterprises are now routinely evaluating their current phone systems to determine if a premises-based IP PBX system or a hosted IP PBX service might be right for them.

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