VoIP to Clean Up – Says Market Research Company
Posted by Cloud Net on Sun, Jan 24, 2010 @ 02:14 AM
VoIP has been identified as the best performing industry for the next decade and is poised to clean up the competition. US research company IBISWorld has produced 2 very recent reports in the highlighting the VoIP industry and it's spectacular growth. The headline figure is that the industry has multiplied in size 1,790 times since it's inception in 2002. This dwarfs all other industry growth including search engines which have only (only!) multiplied 16 times in the same period.
IBISWorld say that the VoIP industry is characterised "by strong revenue increases which are expected to continue into the future. The proliferation of VoIP has been in offering a cheaper alternative to traditional wireline and wireless services, and is the primary reason for why subscriber and revenue growth has been strong."
Cloud Net, the friendly professional VoIP company based in Walsall has identified the same trends in the UK and is working towards delivering this kind of growth and success in the UK.
Managing Director of Cloud Net, Charles Chance said, "It would be a tragedy if the VoIP explosion that is happening was totally dominated by US based companies. We have the technology, the know how and the wherewithal to make this a UK based success story and we fully intend to."
Charles continued, "The benefits of business VoIP lie behind the astronomical growth of the industry. In summary these are:
- Making professional high quality telephone systems affordable for everyone
- Cutting down the cost of communication, making it free in many aspects
- Geographical location becomes unimportant - any area code can be associated with any phone
- Complete integration with other technologies making unified communications a low cost deliverable
- The most advanced feature set on the planet."
IBISWorld produced the following table:
Best Performing Industries In The Coming Decade (2010-2019)
|
Rank |
Best Performing |
Growth |
|
1 |
Voice Over Internet Protocol Providers (VoIP) |
149.6% |
|
2 |
Retirement & Pension Plans |
133.7% |
|
3 |
Biotechnology |
127.6% |
|
4 |
eCommerce & Online Auctions |
124.7% |
|
5 |
Environmental Consulting |
120.3% |
|
6 |
Video Games |
112.9% |
|
7 |
Trusts & Estates |
105.7% |
|
8 |
Search Engines |
100.9% |
|
9 |
Recycling Facilities |
80.9% |
|
10 |
Land Development |
72.7% |
And by comparison it has also shown the worst performing industries for the next decade:
Worst Performing Industries In The Coming Decade (2010-2019)
|
Rank |
Worst Performing |
Growth |
|
1 |
Wired Telecommunications Carriers |
-52.0% |
|
2 |
Tank & Armored Vehicle Manufacturing |
-51.9% |
|
3 |
Vacuum, Fan & Small Household Appliance Manufacturing |
-34.4% |
|
4 |
DVD, Game & Video Rental |
-32.8% |
|
5 |
Photofinishing |
-31.5% |
|
6 |
Lighting & Bulb Manufacturing |
-26.8% |
|
7 |
Telecommunications Resellers |
-26.4% |
|
8 |
Laminated Plastics Manufacturing |
-25.3% |
|
9 |
Synthetic Fiber Manufacturing |
-24.6% |
|
10 |
Wire & Spring Manufacturing |
-24.5% |
In the other report IBISWorld indicate the following key industry statistics for VoIP 2009:
Whist UK trends follow the Amercian experience voulmes are much lower. This is creating the opportunity for UK based companies.
Ends
Details of the reports are here http://www.ibisworld.com/pressrelease/pressrelease.aspx?prid=210 and here http://www.ibisworld.com/industry/default.aspx?indid=1269