A new report on the growth of global business in terms of revenue earning shows a sharp upward trend because of SIP phone. SIP trunking is undoubtedly bringing in revenue growth to its users. More and more business organizations are implementing SIP trunking along with hosted PBX solutions, for supporting their VoIP as well as unified communication services.
SIP Phone Enables Growth 2013 Through 2016
The report revealed that during the first half of 2013, the first signs of growth – about 3 percent – were witnessed for the first time. Since then, it has been on a steady rise. In fact, during the last quarter of 2015 and the first quarter of 2016, the hosted PBX/UC backed by SIP phone has been considered to be the fastest growing sector in VoIP services. This is due to the fact that more and more business organizations and larger business enterprises are opting for hosted solutions, as a substitute of the on-premises counterparts they have.
Wider Acceptance across All Business
Experts believe VoIP service market has been on the rise since the first half of 2013. If this growth is dissected, it will be seen that the residential or domestic VoIP services constitute the majority of the revenues. However, the growth is being instigated by business services, as SIP phone coupled with the cloud based unified communications continues expanding. It marches on to find a much broader and more elaborate and wider adoption with enterprises of all possible sizes and scales.
SIP Phone Will Propel Growth in 2017 And On
With enterprises helping in this growth, the study also projected that the global businesses and VoIP services will grow at a 7 percent compounded annual rate during the period 2012 to 2017. We are in the midst of this trend right now. This is in contrast to the fact that the previous periods prior to 2007 and then in the year 2010 recorded a mere 3% CAGR for the residential complexes and offices run from home.
It can well be seen that ever since the concept of VoIP technology was introduced and SIP trunking came into being, businesses with VoIP have been earning large revenue though its use and this seems to be continuing till now.
Other Factors
One other thing that helps businesses other than these factors in increasing revenues is the bandwidth that is delivered by service providers. Other factors include capacity of the individual networks, presence of national long distance and international calls, call recording, auto attendants, connection to the VoIP networks and so on.
While all these value added features get more and more flexible, the most critical as well as most important of all these factors is the VoIP network. Thus, while all these value added features and other unique properties go a long way in helping the VoIP based businesses, it is the SIP phone and SIP trunking services that help them to earn the most revenues day in and day out.
About PhoneAM
At Phone America, we have the knowledge and experience to prepare a blueprint for your shift to VoIP. Call us today and we will guide you through the whole process.
Phone America Corporation is a leading supplier of advanced telecom systems for small and large businesses. We serve as a single point of contact for today’s growing communication needs, offering a wide range of telephone equipment, wiring, surveillance systems, telephone cost accounting systems, and voice processing systems.
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