Residential VoIP to Double by 2011
Posted on February 25, 2008 By: Mike, VoIP Facts: The Blog email author
Filed Under Industry News
The Telecom Industry Association’s 2008 Market Review & Forecast is out, and as previewed on FierceVoIP, the U.S. residential VoIP market is expected to grow at a compound annual rate of 20% over the next four years. Cable companies will continue to gain market share at the expense of the pure play providers.
Business wise, enterprise spending may see a downturn in the short term due to the present economic uncertainties, but most companies already have plans to convert to voice over IP.
The residential VoIP market is expected to double from 16 to 32 million subscribers, with revenues reaching $10 billion by 2011. Cable companies currently have 73% market share (as of 2007).
Local phone companies are also forecast to gain market share as they begin to bundle VoIP with new video services.
The trend has been for consumers to go for the bundling of services, with 40% now in a bundle, things look bleak for the pure players with the forecast putting bundlers at 82% in 2011.
Data and web services are expected to drive telecom industry for the next four years, and with bandwidth consumption rapidly increasing, some new investment is expected to avoid bandwidth shortages at the end of the decade.
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