Voice over IP service revenue in North America will grow 18-fold between 2004 and 2009, from US$1.24 billion to US$...
October 27, 2005
Voice over IP service revenue in North America will grow 18-fold between 2004 and 2009, from US$1.24 billion to US$23.4 billion, according to Infonetics Research’s latest VoIP Services report. More than US$62 billion will be spent on VoIP services over the five-year forecast period.
“VoIP subscriber growth is skyrocketing right along with revenue growth: we’re forecasting triple-digit growth from 2005 to 2006, with six million new subscribers a year every year from 2006 to 2008, when there will be over 24 million,” said Kevin Mitchell, principal analyst of Infonetics Research and author of the report.
“Vonage leads the residential and SOHO VoIP subscriber market, but their share is the lowest it’s been in nine months due to cable companies making gains.
“The incumbent telcos have insubstantial subscriber share at this time, but we expect them to make a bigger impact in coming years because triple-play services will all be based on broadband infrastructure and legacy PSTN access will continue to slowly churn away.”
According to the report, while the U.S. made up 93% of the North American VoIP services market in 2004, Canada will make up a greater portion of North American VoIP services revenue by 2009, especially in the residential market.
The report presents market size and forecasts for hosted VoIP and managed IP PBX VoIP services including a hosted VoIP split for residential/SOHO, business and wholesale in Canada and the U.S.