A recent report from Technavio says global softswitch market is expected to grow at a compound annual growth rate (CAGR) of 13.5 percent over the period 2010-2014.
The report, which covers the Americas as well as the EMEA and APAC regions, finds that the softswitch market is being driven by the low vendor lock-in risk benefits it offers. This is because Softswitches are not dependent on any hardware components as is the case with traditional network switches. Softswitch APIs can function on any given hardware, and they normally use computer servers to carry out various processes, according to the report
Technavio's Global Softswitch Market 2010-2014, however, finds that the high cost of VoIP telephones is hindering the growth of this market. Despite this, the market will witness growth, mainly because of the increasing number of VoIP connections in developed countries. This market is also marked by increasing usage of PC-to-PC calls.
Technavio's Global Softswitch Market 2010-2014 report provides an in-depth analysis of the market with inputs from industry experts. The report does not include the market for traditional network switches, which is a hardware unit controlling call flows in full-fledged Public Switched Telephone Network (PSTN). It also does not cover IP Multimedia Subsystem (News - Alert) (IMS), which is an architectural framework to deliver Internet Protocol (IP) multimedia services.
Key vendors dominating this global Softswitch market space include Huawei, Nokia (News - Alert) Siemens Network, Ericsson, and Alcatel-Lucent.
Earlier in July Point Topic, in its new research, said VoIP has more than 120 million subscribers worldwide. The VoIP market is set to accelerate to generate $40 billion annual revenue by 2015, according to Point Topic TMCnet reported.Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.
Edited by Stefanie Mosca