VoIP Named As Fastest Growing Technology Of The Past Decade

Updated: January 07, 2011

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. 

Featured Research
  • 15 Traits of a Good Phone System

    While each marketed model has its own host of bells and whistles, when it comes down to it, for you to select the best phone system for your business, focus on little more than these 15 traits! more

  • 2017 Business VoIP Features

    If you’re considering an investment into a new VoIP system (or upgrading an old one), it’s important to understand what features are available and which ones your business will actually need. Especially if you want to keep costs at a minimum. more

  • What To Do When Your VoIP Contract Expires

    Automatically renewing your VoIP contract is a mistake. The VoIP landscape has been changing rapidly, and it pays to review all of your options before committing to another contract. more

  • VoIP Brings Big Benefits to Small Businesses

    If you run a small to midsized business and you're still relying on a traditional phone system, you need to rethink things. VoIP offers most businesses, regardless of the size, huge benefits. For small businesses, it unlocks the opportunity to have an enterprise-level communication system without the traditional expenses. more

  • [Infographic] How UC Can Improve Employee Productivity

    If you’re interested in a straightforward way to improve the productivity of your employees, it's time to consider adopting a Unified Communications (UC) strategy. more