Unified Communications & SIP Trunking Fuel VoIP Services Growth

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Global revenue for business VoIP services is expected to grow at an annual rate of 7% from 2012 through 2017.

That's one of the latest findings of the new VoIP and UC Services and Subscribers report released by research firm Infoetics.

“Residential VoIP services make up the majority of revenue, but growth is being fueled by business services as SIP trunking and cloud unified communications continue to expand and find broader adoption with enterprises of all sizes," Diane Myers said, lead analyst for VoIP, UC and IMS at Infonetics Research.

"The VoIP services market is on track with our expectations for 2013," Myers also said.

The report also highlighted the fact that Unified Communications (UC) and hosted PBX grew the most out of any VoIP services in the first half of 2013 as businesses, in particular larger enterprises, continued to migrate to hosted services as the alternative to premises-based solutions.

Read Entire Article on Infonetics

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