IP Telephony Market Size, Share | Industry Analysis 2023
The global ip telephony market size was valued at USD 2,130.70 million in 2022 and is poised to grow at a significant CAGR of 14.1% during the forecast period 2023-29. The primary drivers of the expansion of the global IP Telephony market include the rise in urban population, the adoption of smart communication, the increased rate of data transmission over the internet, growing communication, and the dependency of enterprises on web-based solutions and services. The global IP Telephony market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.