$4.83 Billion Growth Expected in UK VoIP Market

The VoIP market in the UK has grown tremendously with the increasing number of players entering the market. The fragmented nature of the market has increased the level of competition, forcing suppliers to adopt various organic and inorganic growth strategies such as new product or service launches and mergers and acquisitions to remain competitive and gain a competitive advantage in the market. to do. For example, in August 2021, Ascom Holding AG acquired Vizient Inc. to take advantage of special pre-agreed prices and terms for the Ascom Nurse Call and Monitoring System. made an agreement with.

Similarly, in June 2021, Avaya Holdings Corp. announced the launch of new features that improve cloud communications for global businesses. Many such developments in suppliers have a positive impact on the development of the market.

Techanvio expects the VoIP market in the UK to grow to $4.83 billion between 2021 and 2026, accelerating at a CAGR of 9.08% over the forecast period.

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The degree of market fragmentation is expected to increase during the forecast period. Ascom Holding AG, Avaya Holdings Corp., Cisco Systems Inc., Exponential-e Ltd., Microsoft Corp., Mitel Networks Corp., NEC Corp., Panasonic Corp., Toshiba Corp. and Yealink Network Technology Co. Ltd are some of the major players mentioned in the report.

The growing number of mobile computing devices and high operational flexibility provide huge growth opportunities for the market players. However, signaling issues and unfavorable regulatory policies will challenge the growth opportunities in the market. To take full advantage of the opportunities, market sellers need to focus more on growth potential in high-growth regions, while maintaining their position in slow-growing regions.

UK VoIP Market 2022-2026: Segmentation

By type, the market witnessed maximum growth in the international VoIP call segment in 2021. This segment is driven by the availability of high quality global IP calling facilities at lower prices as compared to traditional carrier rates. Also, increased collaboration among VoIP service providers is driving the growth of this segment.

Through Access, the computer-to-phone segment generated maximum revenue in the market in 2021. The adoption of computers has been instrumental in the growth of this segment. In addition, the adoption of work from home and stay at home is contributing to the growth of this segment.

Download our free sample highlights the key revenue-generating segments in the VoIP market.

UK VoIP Market 2022-2026: Reach

Technavio provides a comprehensive picture of the market through the study, synthesis and summation of data from multiple sources.

This study identifies the adoption of BYOD policy as one of the main reasons for the growth of the VoIP market in the UK in the coming years.

UK VoIP Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the VoIP market in the UK. Our UK VoIP market research report backed by competitive intelligence and benchmarking is designed to provide entry-level support, customer profile and M&A, as well as strategy support in the market.

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position.

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This growing client base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios.

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