What Does The Future of VoIP Look Like?

What Does The Future of VoIP Look Like?

Ever since VoIP launched around 20 years ago, this technology has grown to be one of the most sought-after and powerful utilities for businesses. Millions of users involved in the corporate sector and business houses now interact with social messaging apps and voice calls powered by this technology as it keeps on evolving with time. But the burning question that exists in the minds of many is what might the future of Voice look like?

Well, as per recent research and our knowledge, we can only say that VoIP technology is only going to grow from here on out.

Where does VoIP technology stand now?

Within the VoIP industry, there are cutting-edge technologies and emerging trends that are vying to push voice communication mode even further. By 2017, this market is expected to be valued at around $ 82.7 billion, assuming the growth rate to be at 6% CAGR. Telecom Reseller, an authority website dealing in this area, states that VoIP is one of the best-performing industries of the current decade.

Telecom Reseller also mentions that wired telecommunications are on their way out as they have performed the worst so far. Voice is now making its presence felt from around the world by helping rural communities to communicate with each other. It is helping businesses make long-distance calls with minimum costs and hosting popular apps like WeChat for the global population to use.

What does the future have in store?

This technology has been transporting voice communication over cellular and Wi-Fi networks over the years and can happen anywhere with a network connection. Mobile VoIP, commonly known as VoIP, has not only changed how we use this technology in the current times but will also continue to alter the future of this technology.

Facebook, Kik, WeChat, and many other giants of social media and messaging are all using mVoIP, thus connecting millions of users in their daily lives. Keeping this in mind, we can only predict that more opportunities lie ahead even outside of the messaging and social media market.

Dating apps, business collaboration tools, and customer service mediums are also slowly adopting this tool as their primary mode of communication. This is due to the lower costs involved and the advantages of a user-friendly interface. The most recent accomplishment in this arena is VoLTE (Voice Over Long-Term Evolution), which has made it possible for cellular data networks to engage in voice communications.

Where do we go from here?

Voice traffic has only grown at an accelerated rate since 1994; apps like Skype, Viber, and others have propelled the growth of this technology, and it is expected to increase more as the mobile audience expands. While it is too early to predict if mVoIP will eventually get replaced by something else, we can all agree on the fact that the future looks very bright.

With mVoIP, similar solutions like WebRTC, and standardization in the industry, it’s easy to see why VoIP will remain a big part of the future. All we have to do now is look forward to what business owners and developers do with the technology in the future to make it stay relevant for the needs of the coming age.