Internet Protocol (IP) Telephony Market Analysis & Forecast 2024-2030

Internet Protocol (IP) Telephony Market by Service Type (Softphones, Hardware Based, Services) by Industries/ Application (Banking, Financial services and Insurance (BFSI), Retail, Healthcare, Organizations, Government) Industry Analysis, Volume, Share, Growth,Challenges,Key Players, Trends, Regions and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 144          Category: Technology & Media          Region :  Global         Report Format :                  

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 Table of Contents

Global Internet Protocol (IP) Telephony Market is expected to reach USD 5868.73 million by 2031 with CAGR of 11.2 % between 2025 and 2031

Internet Protocol (IP) Telephony uses Internet Protocol (IP) for communication over the internet. Higher level features such as advanced call routing, voice mail, contact centers, can be utilized with IP telephony as It utilizes the Voice over Internet Protocol (VoIP) standards to create a telephony system. Communication over the internet with hardware and application support makes Internet Protocol (IP) Telephony use very easy and portable than traditional phone system. Ease of use, cost effectiveness, improved productivity shifting the business communication system towards Internet Protocol (IP) Telephony.  


Internet Protocol (IP) Telephony Market

Voice over Internet Protocol (VoIP) uses a peer-to-peer, multimedia signaling protocol called Session Initiation Protocol (SIP). It is ASCII-based, resembling HTTP, and reuses existing IP protocols (DNS, SDP). SIP is now considered as de facto standard protocol for future voice networks. 


Some of the benefits of Internet Protocol (IP) Telephony are:

  • Easy installation, maintenance and use.
  • Convergence of various systems into one
  • User can combine voice, data, video, and multimedia technologies into one unified system.
  • Cost savings and increased productivity

Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study on Internet Protocol (IP) Telephony Market helps users to make precise decision to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in Internet Protocol (IP) Telephony Market The report also covers financial overview, market strategies, new product analysis and marketing trends. Precise Competitive analysis helps businesses to build new product strategies.  


Study offers clear view on competition analysis that includes major player analysis, market share, growth rate and market attractiveness. The competitive landscape in the report offers detailed profiles of the key players in Internet Protocol (IP) Telephony Market. The report also covers financial overview, market strategies, new product analysis and marketing trends. Precise Competitive analysis helps businesses to build new product strategies.  


Internet Protocol (IP) Telephony Market : Service Types

  • Softphones
  • Hardware Based
  • Services

Internet Protocol (IP) Telephony Market : Industries Covered

  • BFSI
  • Retail
  • Healthcare
  • Organizations
  • Government

Internet Protocol (IP) Telephony Market: Companies Covered

  • Gigaset Communications
  • Cisco Systems, Inc.
  • LG Electronics.
  • Polycom, Inc.
  • Ascom Holding AG
  • Yealink Inc.
  • Avaya Inc.
  • Mitel Networks Corporation
  • Panasonic Corporation
  • NEC Corporation and Grandstream Networks, Inc.

Geographical analysis of Internet Protocol (IP) Telephony Market includes :

  • North America
    • U.S.A.
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Global Internet Protocol (IP) Telephony Market Report delivers a comprehensive analysis of the following parameters:

  • Market Forecast for 2024-2030
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis

Report Coverage

Parameters Details

Base Year

2024

Historical Data

2018-2023

Forecast Data

2024-2030

Base Year Value (2024)

USD 2791.32 million

Forecast Value (2031)

USD 5868.73 million

CAGR (2025-2030)

11.2 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW


Frequently Asked Questions (FAQ)


Internet Protocol (IP) Telephony Market was valued at around USD 2791.32 million in 2023 & estimated to reach USD 5868.73 million by 2030.




Internet Protocol (IP) Telephony Market is likely to grow at Compound Annual Growth Rate (CAGR) of 11.2% between 2024 to 2030.




Internet Protocol (IP) Telephony Market is dominated by the BFSI segment and the North America region holds the highest market share in 2023.



Some of the top key players in the Internet Protocol (IP) Telephony Market are Gigaset Communications,Cisco Systems, Inc.,LG Electronics.,Polycom, Inc.,Ascom Holding AG,Yealink Inc.,Avaya Inc.,Mitel Networks Corporation,Panasonic Corporation,NEC Corporation and Grandstream Networks, Inc.




Primary driving factors for the growth of the Internet Protocol (IP) Telephony Market include Ease of use, cost effectiveness, improved productivity shifting the business communication system towards Internet Protocol (IP) Telephony.




Yes, the report includes COVID 19 impact on the market.



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