Growth of the IP PBX Market in VoIP

VoIP has become the hottest technology of the year in 2005. It has been expanded significantly over the couple of years. More and more companies are abandoning their traditional PBX and are adopting IP PBX systems. Global IP PBX market has witnesses a massive growth in the past few months. The IP PBX market is set to top $2 billion by 2010. Research studies predict that both hybrid and pure IP sales continue to gain share against traditional TDM PBX sales.

With robust growth in the core of the communications network, strong growth is also on the sight. The IP telephony market is expected to exceed $4 billion. It is the driving factor being the conversion to IP. Both the consumers and businesses are adopting VoIP to replace their traditional telephone system. It makes VoIP the most sought after technology that boosted the communication industry. The conversion to VoIP will be the dominant factor in the enterprise voice market over the next several years.

Modernizing the installed base of traditional PBX technology to IP telephony requires coordinated investment in data networking and enterprise voice equipment. During the technology transition, hybrid IP/TDM PBXs that provides scope for newer IP and legacy TDM technology will represent a majority of sales. Market is buoyant over the speedy growth of VoIP technology. The year 2005 has seen a breakthrough for its IP carrier data products as service providers increased their migration to IP.

The market for convergence technology apparently set to grow substantially. The industry appears to be grappling over how to effectively sell convergence as a product set. An analysis into the trends of the market over the past five years, reveal that convergence has always been the buzzword and companies have shown a positive approach while deploying VoIP in their networks. The market reacted positively to cost saving. The momentum is now moving towards the effective delivery of a communications strategy.

Written by Sagar on February 14th, 2006 with comments disabled.
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