Voice over internet protocol (VoIP) is a group of technologies for the transfer of voice communication and multimedia sessions over internet protocol networks. It is a cost-effective technology to communicate with people around the globe. The technology makes use of internet as medium for digital signal propagation.

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The various related terms in VoIP are internet telephony, broadband telephony and IP telephony. These changes are expected to favor the market positively in near future by replacing the vertically separated networks from all IP converged Network. Furthermore, VoIP providers are introducing additional features to attract end users at both corporate and individual levels.

Many VoIP service providers in the market offer contract proposals with unsatisfactory terms or limit the customer choice. Such terms keep the customer occupied in the same plan or contract. As a result of this, customers are not eager to accept services from any new service provider. Therefore, such inadequate contract proposals are expected to hamper the market growth over the forecast period.

Global VoIP service Market: Key Players
Key players operating in the global VoIP services market are Verizon Communications Inc., Vonage Holdings Corporation, ShoreTel, 8x8 Inc., Inphonex LLC, Nextiva Inc., Phone Power LLC, RingCentral Inc., Thinking Phone Networks, Inc., West Corporation, and Microsoft Corporation.
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Global Advanced Farming Market Taxonomy:-
In Global VoIP services market, by call type segment, the International long distance VoIP calls sub-segment dominated the global market in 2018, accounting for 60.8% share in terms of value, followed by domestic VoIP calls, respectively.
The researchers and analysts have provided an in-depth analysis of the Network-as-a-service Market segmentation based on the type, application, and geography.
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