The Voice over IP (VoIP) market emerged as broadband internet developed and internet connections were severed from traditional phone lines. IT professionals looked for a way to unify the two services once more, and VoIP was born. Instability and poor call quality plagued VoIP in the early days, but once the initial bugs were worked out, VoIP overtook traditional telephone systems in new telecommunications infrastructures.
The biggest challenge facing the VoIP market is that virtually every business in the world already had a telecommunications solution deployed, and because of the huge amount of infrastructure in the form of hardware, cable and servers that must be replaced in order for a VoIP solution to be implemented in place of legacy systems. Most companies are unwilling to invest such a huge amount of money and man power in replacing an already adequate telecommunications solution.
Still, even with all of the unlikelihood surrounding the VoIP market, it experienced a 16-percent growth in 2011. The increase was consistent with a study performed by Infonetics Research which projected a compounding annual growth rate of 16.6 percent over the period of 2011 through 2015... Read More
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