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
  • VoIP 2019 Year-In-Review

    2019 was a busy and profitable year in the VoIP industry marked by growing cloud system adoption, new feature roll outs, and technological innovations that all worked together to propel VoIP to the mainstream phone system technology preferred by most all companies, large and small. Our VoIP 2019 Year-In-Review explores all of our favorite VoIP providers, features, and innovations of the year and takes a peek at the trends on the horizon for VoIP in 2020. more

  • Small Business Software Toolkit 2019

    Small businesses that adopt cloud systems early on are able to grow quickly and build necessary infrastructure and efficiency that would typically have come years down the road for a small business. Our latest whitepaper explores the key opportunities small businesses can achieve by embracing cloud systems and recommends which cloud-based software solutions you should invest in first as part of your small business software toolkit. more

  • Is VoIP Robust Enough For Enterprise Communications?

    Is VoIP really robust enough to power enterprise communications? Yes. In fact, VoIP features and capabilities are typically designed at the enterprise level to create meaningful collaboration opportunities and support communication needs at every scale. Our latest whitepaper explains how VoIP phone services are setting the the standard in big business communication capabilities, details case studies from leading VoIP vendors demonstrating why so many enterprises are making the move to VoIP, and also covers the top VoIP features and capabilities for enterprises. more

  • VoIP Vs. Unified Communications (UC)

    Great communication can help differentiate your business, and it’s vital that mid-sized companies invest in both excellent people and tools to help facilitate stellar communications. This whitepaper explores the key differences between VoIP and UC, points out the key benefits that mid-sized companies can achieve by upgrading to UC, and provides a handy checklist to help you choose the best communication system for your business. more