VoIP Technology is one of the most innovative technologies of the 21st century. VoIP is the combination of traditional telephony and internet protocol. It is a revolution in the world of telecommunication. VoIP, as you may already know stands for Voice over Internet Protocol. The popularity of VoIP increases because of its low-cost calls for both domestic and international calling. Not only the end user or consumers but also various corporate sectors choose VoIP over other means of communication. This helps them to reduce the overall production cost. This also increases the efficiency and productivity of the workforce. Use of VoIP in multinational companies enable them to recruit from even remote areas using the feature of work from home. These employees remain connected to the office via VoIP Technology and work effortlessly. VoIP Technology is the main reason behind the tremendous transformation of the business communication sphere.
From the beginning of its journey in the late 20th century, VoIP shows continuous evolution. This technology, unlike others, did not have a single stagnant moment. In VoIP there is the constant addition of new features, changing the existing ones to make it more user-friendly goes on. This makes VoIP technology stand apart from the rest. According to various researchers conducted worldwide, there are over 1 billion VoIP connections in use.
Here are some of the key factors which helped the VoIP Technology to grow:
The VoIP industry is one of the most profitable sectors to invest in today’s world. With the increase in consumer base, the demand for VoIP Services increases at a constant rate. Even though there are numerous VoIP Providers it does not saturate the market. Instead, it increases the competition. The competition results in the VoIP Providers offering competitive rates to the consumers. The consumers, in turn, get a wide range of choices to choose from after comparing the quality of the service and the rate charged. Developed countries use the VoIP technology more than the developing nations or others. The estimate for growth of global VoIP equipment is around 20% – 40% per year.
Here are some of the important facts which will help you gain the overview of the VoIP market at present and the rate at which it grows:
Therefore, you can see how VoIP Technology gradually makes its way in every sector of business and others. It is fast and reliable to use. It requires a minimal cost for its setup and gives huge benefits in return. Hence it is right to say that this is one of the most attractive sectors for entrepreneurs and start-ups to venture into. There is the various range of VoIP businesses that one can choose from. Starting from low cost, risk-free Reseller VoIP business to owning the VoIP business under one’s own brand name through Hosted VoIP and finally the Wholesale VoIP business of Wholesale A-Z Route transaction. One can find places to invest and businesses to start according to one’s requirements. The only important thing is to get a reliable VoIP Service Provider and the rest follows.
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