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Phone
Industry Survival Hinges on Explosive Growth of VoIP
press
release
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Quick
Links
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Report
Excerpt
Market
Segmentation
Table
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BOONTON,
NJ. October 23, 2002:
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Phone companies are
accelerating their use of the Internet and other packet networks to carry
voice calls, says a new research study from Insight
Research. From a mere $13
billion in 2002, voice over packet
(VoIP)-based services will grow to
nearly $197 billion by 2007, according the study.
Insight’s
newly-released report, IP
Telephony: Service Revenue and OSS Expenditures for Voice over
IP
Networks
2002-2007, reveals that
VoIP
services will grow at a compounded rate of
over 72 percent over the forecast period, making packet voice services one
of the fastest-growing segments in the battered telecommunications
segment.
VoP
includes
all
forms
of
packetized
voice
including
voice
over
IP
VoIP,
voice
over
frame
relay,
and
voice
over
ATM.
Cost savings for both
customers and carriers are driving the near-term growth of
the
VoIP
market.
As packet-switched voice displaces the older circuit-switched voice
technology,
VoIP
carrier revenues will explode, fueled by lower operational
costs to carry a voice call along with new service offerings such as
follow-me, unified messaging, and multimedia communications.
“The ability to be
profitable in voice services is essential for the survival of almost all
telecom service providers,” says Robert Rosenberg, president of Insight.
“Even though data exceeds voice in terms of traffic volume, voice
revenue still pays the bills for phone companies, and will continue to for
years to come, which is why the operational savings associated with
VoIP
are so important,” Rosenberg concludes.
Associated expenditures
on the operations support systems
(OSSes) used to create and maintain
VoIP-based services will also increase over the forecast period at a
compounded growth rate of 58 percent, indicating heavy investment in
correlation with the phenomenal revenue growth of
VoIP.
A free
VoIP
market
research
report excerpt,
table of contents, and ordering information is available online at www.insight-corp.com/iptele2.asp.
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Media
Gateways, Signaling Gateways, and Media Servers 2003-2008
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The US Softswitch
Market 2002-2007
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IP-Based
Applications Services Market 2002-2007
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Operations Support Systems 2002-2007
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Grid
Computing
2003-2008
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Insight
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NewsFirst
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Insight
Research,
founded
in
1990,
is
a
highly
respected
source
for
telecommunications
market
research
and
strategic
analysis.
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| Contact
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Donna
Savino
at Insight Research
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Telecom
Market
Research,
