April 21, 2005
Billion With A "B"
A recent report by Research and Markets indicate that the worldwide VoIP market will grow from $165.3 million to $985.7 million in just four years. The reason behind such a large increase is the amount of money corporations and individuals can save on their phone bills by switching to VoIP. Additionally, to the wide availability of the technology, it opens a vast array of potential. While these numbers are extraordinary for such an upcoming technology, it is just a "forecast". There are hard numbers behind the estimate, but nothing is 100% certain. Just remember that many analysts believed that the Titanic would never sink. According to Information Week:
P to TDM will quickly dominate the market, the report says, because TDM to IP call origination is outdated and far more expensive that IP to TDM. In addition, the growth of broadband in the home will fuel IP to TDM growth. IP to TDM will be the engine that drives market growth.
Read more at: Service Provider VoIP Gateway Market To Hit Nearly $1 Billion By 2009
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