VoIP Use On The Rise

The use of VoIP, defined by Wikipedia as the routing of voice conversations over the Internet or another IP-based network, is expected to shift into high gear by 2008. According to research firm In-Stat, about 10 million IP phones will be in use by the end of 2006; about 164 million by 2010.

Research indicates that between now and 2010, the business IP phone market growth rate will compound at 27% yearly to more than $6 billion. Most of that growth will come from the business sector, which is expected to account for 124% of IP shipments in 2010.

Meanwhile, consumer use of IP phones will grow at a much slower rate. The growth will begin to accelerate as we reach the end of the decade, however. More than 108-million IP phones will ship each year beginning in 2010 according to the report; more than 90% will be cell or Wi-Fi based. That will boost industry revenue to $13 billion.

Tags: VoIP