VoIP Market to Grow to $40 Billion by 2015

Internet calling and communication is getting increasingly popular, according to a new report from technology firm Point Topic. The report found that voice over Internet protocol now has more than 120 million subscribers globally.

The report, exactly, looked at fixed line VoIP (Voice over Internet Protocol) services and predicted that it would turn into a $40 billion a year market by 2015. Oliver Johnson, the CEO of Point Topic, told us that this was a “very cautious projection” and that “it could be much higher.”

During 2010, the global growth of VoIP was 12.6 percent. Even though this number seems slightly low, Johnson told us that it was promising. He believes the real growth is coming in the then and there few years, nevertheless that the trends that this data illustrates are on the whole important to understand. For instance, as well in 2010, over 50 percent of telephone traffic in France was over some form of VoIP service.

“It’s scaring the bejesus out of the traditional telephone processing… they’re seeing their earnings being cannibalized,” he said.

Empty marketplace

“It’s not going to be an empty marketplace,” he as well pointed out. “Telephones have existed for over 100 years and to to tell the truth start to capture some of that market is quite difficult.”

In spite of the positive signs for growth, Johnson said that the VoIP market all in all faced multiple challenges. During there are technical and mobile challenges, he thinks the biggest challenge will be in regards to regulation.

“The more that the incumbents feel a threat or start to see their earnings challenged, the more interest they will have in persuading lawmakers in putting their case, as forcefully as they have in other instances, I’m sure, from blocking this sort of service,” he explained.

Even even though this report focused on fixed line telephone services, Johnson told us that the most growth and revenue would come in Internet telephony services just as Skype.