IP Telephony Market is Anticipated to Grow at an Impressive CAGR During 2022-2028
Due to the low cost of IP telephony systems. IP telephony, or Voice over Internet Protocol (VoIP), allows businesses to make phone calls over the Internet rather than traditional phone lines. This technology has become increasingly popular due to its many benefits, including cost savings, flexibility, and scalability.
Asia Pacific accounted for the largest market share in 2021 & is expected to maintain its dominance during the forecast period. However, overall, there is a growing demand for IP telephony solutions and UC applications among businesses in the region, particularly in more advanced markets such as Japan, South Korea, Singapore, and Australia.
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