VoIP services will have $120 billion spent on them in North America, Europe and Asia Pacific between 2005 and 2009, according to new a new report from Infonetics Research.
The report says that in North America VoIP service revenue will grow from $2.6 billion in 2005 to $13.3 billion in 2009, while across the same period Europe will see revenue grow from $2.3 billion to $12.7 billion and Asia Pacific will increase from $4.2 billion to $12.9 billion.
In addition, the number of worldwide VoIP subscribers is expected to almost double 2005 to 2006, when it will top 47 million.
The VoIP Services report also says that the percentage of VoIP service revenue coming from residential vs. business customers is at 51% in North America, 72% in Europe and 83% in Asia Pacific.
Stéphane Téral, principal analyst at Infonetics Research, said: “Businesses around the world are migrating to IP for increased functionality, greater flexibility, improved productivity, and the potential of growing revenue through better customer service.
“VoIP services continue to pick up fast in North America and in many parts of Europe, particularly in central and Eastern Europe, where small businesses have a strong appetite for business trunking, IP Centrex, and VoIP VPN services.
Téral continued: “In Asia Pacific, VoIP service revenue about doubled that of North America and Europe in 2004, and continues at a blazing pace. China will likely emerge as a major VoIP business market in the coming years because the Chinese government is encouraging carriers to accelerate the migration to IP Centrex and IP PBX from their existing TDM Centrex.”
A recent forecast from eMarketer said that by 2010, 32.6 million Americans will subscribe to VoIP, equating to nearly 40% of broadband households using the technology (see VoIP Price Fuelling Consumer Uptake).
In March, TeleGeography predicted that VoIP enabled lines will reach over 19 million by 2010 in the US (see VoIP Lines To Hit 19 Million By 2010).
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