Global Demand For VoIP Set To Have Compound Annual Growth Rate Of 8.3% By 2032

Global Demand For VoIP Set To Have Compound Annual Growth Rate Of 8.3% By 2032

As we get closer to the so-called ‘big switch off’ of 2025, through which all landline telephony is set to be switched off, it’s worth thinking about the alternative, which is of course VoIP. But what exactly is VoIP, and why is it here to stay? 

Well, VoIP stands for Voice over Internet Protocol, which is essentially the technology we use to enable remote and hybrid working models we’ve come to get used to throughout the pandemic and beyond. The tech essentially involves making voice calls using a broadband internet connection as opposed to analogue phone lines. 

With this in mind, it should be no surprise that global demand is rising considerably, with expectations that VoIP will dominate over the course of the next decade. In many ways, COVID has already brought this technology even further to the fore, perhaps highlighting the flaws of the analogue system that still could be holding many businesses back. 

COVID’s role in the growth of VoIP 

In the absence of human contact, the thought of navigating it via analogue telephone alone perhaps doesn’t bear thinking about. Of course, it has its advantages, and VoIP has its flaws, but the latter had become integral to the survival of so many businesses.  We probably can’t imagine things having gone any other way. 

As mentioned, these systems have their limitations when compared to face-to-face interaction and working, but they were the best tool to navigate the choppy pandemic waters. A backhanded benefit of this contagious virus has been felt massively within the VoIP telephony industry. 

When it comes down to it, VoIP telephony allows us to call others free of charge, as well as see their faces – as far as technology goes it’s almost as good as being face-to-face. This is before we even mention the benefits beyond business. These remote technologies are generally free to use, saving many considerable sums of money year after year.  

Where before you could only hear the voice of relatives living a considerable distance away, now you can see their faces. In truth, it was only a matter of time before the analogue telephone went the way of the VHS and the floppy disk.  

What are some of the benefits? 

The benefits of VoIP are plentiful however you choose to provide your business with the necessary tools to enjoy said benefits. For instance, a Horizon Hosted Phone System can provide you with the perfect infrastructure to navigate the impending big switch-off. You can take control of your business telephony with business-grade next-gen audio excellence. 

Some of these benefits include lower costs, increased accessibility, portability, scalability, and above all, some of the advanced features that make analogue telephony look almost primitive in comparison. VoIP allows us the ability to multitask using some of these advanced features. 

Final thoughts  

When you consider the meaningful and long-term benefits associated with VoIP, there is no wonder that it is set to grow so rapidly by 2032. With this in mind, its time to consider switching to VoIP as soon as is convenient to you, allowing you to futureproof your communications for decades to come.