Voice over internet protocol (VoIP) revenue is predicted to grow rapidly this decade, with revenue in North America jumping to $23.4 billion in 2009, up from just $1.24 billion in 2004, according to a new study from Infonetics Research.
The research forecasts triple-digit growth from 2005 to 2006, with six million new subscribers a year from 2006 to 2008, reaching over 24 million.
Elsewhere, a separate report from JupiterResearch projects that the number of VoIP households in the US will grow to a massive 20.4 million in 2010, up from just 1.2 million in 2004.
Commenting on the estimates, David Schatsky, senior vice president of JupiterResearch attributes VoIP’s success to the current abundance of broadband telephony offerings, claiming that the market has spurred competition around price and features.
He said: “Although most consumers still do not know what VoIP stands for, they do increasingly know if they have broadband they have alternatives for getting phone service.”
However, while Jupiter feels that cable companies are well positioned to dominate the market, Infonetics does not agree with this.
Keith Mitchell, principal analyst of Infonetics Research explained: “The incumbent telcos have insubstantial subscriber share at this time, but we expect them to make a bigger impact in coming years, because triple play services will all be based on broadband infrastructure.”
The latest estimates from Point Topic suggest that currently over 11 million people use retail VoIP, marking an increase from just over five million in mid-2004 (see Worldwide VoIP Subscribers More Than Double).
Revenues for residential voice over internet protocol (VoIP) in North America are predicted to expand considerably over the next few years, increasing to over $4 billion by 2010, up from $295.1 million in 2004, according to a new report by Frost & Sullivan (see Residential VoIP Revenues Forecast To Increase To Over $4 Billion By 2010).
The research group estimates the number of residential VoIP lines to increase to about 18 million by 2010, up from just 1.5 million in 2004
A study by International Data Corporation (IDC) confirms VoIP’s increase in popularity, predicting that 27 million users will have subscribed by 2009, an increase of 24 million from the 3 million who currently use the technology (see Mixed Outlook For US Advertising Market).
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