The global voice communication equipment market is expected to witness significant growth over the forecast period. This surge in demand can be attributed to factors such as stringent government norms along with technological advancements.
Various applications of voice communication equipment include Wi-Fi, VoIP, telecom operators, wireless outgrow wire lines, wireless technologies, hardware, and telecommunication equipment.
A significant increase in demand for smart-phone, tablets, and VOIP has led to a substantial rise in market demand. Further, the rising demand for convergence services for e-mail, voice mail, instant messengers, audio conferencing, telephones PBX (Private Branch Exchange), instant messaging, and video conferencing is projected to positively elevate market growth.
Growing number of internet users has increased the demand for this technology. Modern voice communication equipment market provides more security and more flexibility as compared to the traditional voice communication equipment.
The implementation of various policies by several regulatory bodies across the globe is expected to trigger the global industry. Need for quick connections, regular up-gradation, and advancements in technology are expected to offer significant opportunities for market growth. Improving network infrastructure along with rising consumer demand for affordable communication services is anticipated to offer lucrative growth opportunities through to 2022.
The transition from circuit-switched networks to packet-switched networks along with a considerable shift from traditional telephony such as GSM or CDMA to VoIP services through cellular networks using 3G and 4G technology is anticipated to accentuate the market growth over the next six years.
Voice communication equipment market can be segmented on the basis of terminal and network equipment. The terminal equipment consists of smartphones, tablets, soft phones, and IP phones whereas network equipment includes switches, router, and private branch exchange (PBX). Momentous increase in the number of smartphone users and adaptability is anticipated to drive the market over the next six years.
VoIP primary function is focused on long-distance voice services. Regular innovations and development in the VoIP have led to the implementation of new applications in VoIP. Voice over IP technology allows effective connection between multiple communication systems including VHF and UHF radios, intercoms, and radios. The hardware required to provide VOIP service ranges from standard networking equipment such as routers and switches to the gateway to IP phones.
High infrastructural requirements along with heavy network and bandwidth management are projected to act as a challenge for the voice communication equipment market.
North America is expected to dominate the voice communication equipment market owing to the availability of technologically advanced infrastructure. Asia Pacific is expected to an emerging region for the market owing to rising population along with increasing demand for voice communication equipment in countries such as India, China, and Japan. Europe is expected to be an emerging marketplace due to its rising subscriber base in the VoIP segment which is further projected to elevate the voice communication equipment market.
Key players in the market are 8×8 Inc., Ericson-LG, ADTRAN Inc., MDS Gateways, IBM Corporation, Nortel Networks Corp., Microsoft Corporation, Outsourcery plc, Roc Tel International, PanTerra Networks, Siemens Enterprise Communication, Speedflow Communications Ltd. Telecom operators with their own access network have been the prime customers of suppliers such as Siemens, Nortel, and IBM.
MDS Gateways supplies and designs ISDN, PSTN, VoIP communication, and broadband equipment for home and enterprise workers. Outsourcery Plc offers business communication and cloud-based IT solutions. Several companies are undertaking mergers and acquisitions to excel in the voice communication equipment market.
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