Voice communication equipment are those systems and equipment that allows ease of communication in network. Due to high accuracy, cost effectiveness and flexibility of voice communication equipment it have its application across telecom operation, Wi-Fi, wireless technologies, wireless outgrow wire lines, VoIP, etc. Thus, its applications boosting global voice communication equipment market with a CAGR of around 17.5% during 2016-2023. Increasing adoption of Voice-over-IP (VoIP) services has added values to organizations such as VoIP allows to reduce capital, operation expenses and also offer advanced features that can work effectively virtually on any device. As per SIP.US, the VoIP deployment allows to reduce the cost of local calls up to 40%. Moreover, increasing adoption of internet of things (IoT) in the organization has impacted the VoIP in organization. For instance: VoIP and IoT allows to connect cell phone with coffee machine and other applications which has increased the demand for voice communication equipment across the globe.
According to International Telecommunication Union (ITU), around 3.19 billion users in 2015 which raised to around 3.74 billion internet users are present across globe in 2017 (that is 48% of world population in 2017). Moreover, as per ITU, Asia has the highest number of internet user in the world that is around 1.87 billion in 2017. Such 1.87 billion users represent around half of the total internet user present across the globe. Whereas, America has the highest internet user penetration rate of around 88% as a percentage of total population in 2016. Hence, increasing number of internet user across the globe due to rising demand for smartphone, tablet, etc. is key driver of global voice communication equipment market. However, heavy network and bandwidth management is the key factor that is restricting the growth of the global voice communication equipment market. According to Internet Society U.S., bandwidth management is an evolving and complex concern for network operators across the globe. The advent of new internet applications will result in complexity to predict use of network by network operator. Hence, bandwidth management and heavy network is one of the key factor restricting the growth of the global voice communication equipment market.
Source: OBRC Analysis.
The report on global voice communication equipment market includes equipment type and applications.
Equipment type is segmented into:
- Network Equipment
- Terminal Equipment
The applications of voice communication equipment include:
- Hardware and telecommunication equipment
- Telecom operators
- Wi-Fi
- Wireless outgrow wire line
- Wireless technologies
The report scope is widely categorized on the basis of its equipment type which include network equipment and terminal equipment. Moreover, the market revenue estimates and forecast includes hardware systems. However, report scope excludes ham radios.
The global voice communication equipment market report has been geographically segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America accounts highest revenue share in 2016. According to Pew Internet Research Organization (pewinternet.org), in 2014, around 59% of Americans uses smartphone that rose to 77% in 2016. Furthermore, according to Pew, out of total American population around 78% men and 75% women are using smartphones in 2016. Thus, increasing smartphone user in North America derives the demand for voice communication equipment in North America. Moreover, stringent government regulation for development of communication technology is also contributing growth in North America voice communication equipment market. Federal Communication Commission U.S. has implemented Communication Act, 1934. Under which the policies assist to make telephone services ubiquitous even in the remote areas. Furthermore, Telecommunication Act, 1996 has enhanced the scope of Communication Act, 1934. Under which universal services has increased access to both advanced services (high speed internet) and telecommunication services. Further, the stringent government regulation for the implementation of communication services in North America is contributing towards growth of North America voice communication market. Moreover, Asia Pacific is the fastest growing region in global voice communication market. According to International Telecommunication Union, in Asia around half of the global internet user present which was around 1.89 billion in March 2017. Out of which China is having highest internet user base which was around 670 million internet users in 2017. Hence, the largest internet user base in Asia Pacific is contributing towards the growth of Asia Pacific voice communication equipment market.
Global voice communication equipment market report covers segmentation analysis of equipment type and application. Report further covers segments of equipment type which includes network equipment and terminal equipment. Terminal equipment segment hold the highest revenue share in equipment type segment. As per mobility report published by Ericsson, there are around 2.6 billion smartphone user presents across the globe in 2014 that is expected to rise to 6.1 billion by the end of 2020. The growing demand for smartphone and tablets is attributing towards the large share of the terminal equipment segment. Whereas, applications of voice communication equipment include telecom operators, wireless technologies, hardware and telecommunication equipment, wireless outgrow wire lines, Wi-Fi, etc.
The major market players of the global voice communication equipment market are:
- IBM CORPORATION
- NORTEL NETWORKS CORP.
- MICROSOFT CORPORATION
- ERICSON-LG
- 8×8 INC.
- OTHERS
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the voice communication equipment market.
For Example; On March 2017, 8×8 Inc., announced acquisition of LeChat, Inc., the maker of Sameroom. Sameroom is an interoperability platform that enables cross-team messaging and collaboration in the enterprise.
In 2016, Adtran has acquired CommScope, Inc. active fiber access product line. This acquisition will enhance ADTRAN’s solutions for the cable MSO industry and will provide cable operators with the scalable solutions, services and support they require to compete in the multi-gigabit service delivery market.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in voice communication equipment market.
Key reason to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023
- Report includes detailed analysis of different segments such as equipment type and applications of voice communication equipment.
- Identify and understand the strength, opportunities, challenges and threat of the voice communication equipment market.
- Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, competitive landscape analysis of major players of voice communication segment market.
- Detailed analysis of various the regulatory policies which are affecting the global voice communication equipment market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global voice communication equipment market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the voice communication equipment market, with giving extensive SCOT analysis of key companies.
Key findings of the global voice communication equipment market.
- Increasing demand for smartphones, tablets, VoIP is adding growth in global voice communication equipment market.
- North America held highest revenue share in 2016.
- Terminal equipment segment held the large revenue share in 2016 due to increasing demand for smartphones and tablets.
- Acquisition is the key strategy adopted by players of voice communication equipment market.