VoIP market predicted to expand 400% by 2008

The VoIP market is sparkling more and more with big companies such as Microsoft, AOL and Google now entering the bandwagon. This is simply more fuel for one of telecom’s fastest growing segments  destined to quadruple its current 6 million users in just two years, according to findings of VoIP Report (3rd Edition) by New Paradigm Resources Group, Inc (NPRG). 


Analysis of a total of 55 VoIP providers is provided in the report along with depth analysis of nine “Carriers to Watch.” This list includes ILECs, CLECs, cable telephony, PC-to-PC telephony, IM telephony,  pure-play VoIP and wholesale providers. 

The report suggests that the VoIP market could grow 400% by 2008. There are approximately 6 million VoIP users in the US according to NPRG estimates. This number is expected to rise to 9 million users by the end of 2006 and 24 million by the end of 2008. This theory is based on the increasing availability of broadband Internet to residential and business locations.

The report claims that prices will gradually decrease as a result of the increasing amount of competiting VoIP service providers. This includes the rise of deep-pocketed providers considering the  appearance of AOL, Microsoft, Google and Yahoo! in the market in 2005.

Summary

The VoIP market can only get bigger, experts say.


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