Can you believe that VoIP-based telephony services brought in nearly $20.7 billion in revenues during the first six months of 2009? Incredible as it might sound, it is indeed true, according to data reported by market research firm Infonetics Research.
I fondly remember the early part of this decade when folks dismissed VoIP as little more than an idle curiosity. There was a lot of continued belief in PSTN voice services and the money they brought in for the phone companies. But even as some of the early proponents fell victim to hard times, VoIP-based telephony kept growing, thanks to U.S. cable companies and a new generation of low-cost PBXs that used Internet technologies.
“Residential VoIP services remain healthy, comprising the majority of worldwide VoIP services revenue, and subscribers are up 14% from the end of 2008,” writes Diane Myers, VoIP analyst for Infonetics. And those numbers will continue to grow, she predicts, topping 225 million residential/SOHO VoIP subscribers by 2013. During the first six months of 2009, Japan’s NTT, France Telecom and Comcast in North America were the world’s largest residential VoIP service providers, accounting for nearly 20 percent of subscribers.