While we’ve heard and read likely countless predictions for the cloud market this year, a new trend has emerged that hasn’t gotten as much ink or airtime: the intersection between voice over IP (VoIP) and cloud.
While cloud influences the way businesses conduct operations today, and has forever changed the way providers offer services – new opportunities are also opening up for traditional VoIP providers, according to Valerie Bradford.
“The intersection of cloud and VoIP is nothing new,” Bradford pointed out inthis TransNexus blog post.
Driven by smartphone uptake and increasingly cash conscious and tech savvy consumers, in 2012 the mobile VoIP market will see revenues of $2.5 billion, according to Visiongain (News - Alert).
To better understand this growth, we should look at the patterns: Consider that in 2002 there were only 121,000 VoIP subscribers in the U.S., generating $5.4 million in annual revenue, according to “The Mobile VoIP Market 2012-2017” report from Visiongain. Yet, by 2012, that number had risen to nearly 30 million subscribers generating around $15.4 billion in revenue, with global revenue around $65 billion last year.
“That is a significant change, and the cloud and cloud services have certainly contributed to the major uptake and revenue growth in the VoIP sector,” Bradford wrote.
In addition, VoIP hardware has undergone a significant change and continues to do so to keep up with the growing demand of cloud services and the operational and security requirements that go along with them.
As Bradford summarized: “In the communications industry, the advent of the cloud has changed the way voice services are being managed and delivered, while also creating new opportunities for traditional VoIP hardware vendors.”
For example, longtime hardware providers Synway Information Engineering (News - Alert), which has been in the business since 1995, is looking at the cloud to create many exciting opportunities within the VoIP sector.
According to Ivan Du, regional manager at Synway, more and more customers are choosing cloud services instead of traditional technology in the conferencing and recording areas.
Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida. Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.
Edited by Rich Steeves