The Arising VoIP Market

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The Arising VoIP Market The Arising VoIP MarketThe Arising VoIP Market

 

16 November 2010

Vonage dominated the VoIP residential market until 2004. At which time control over this market transferred to the powerful cable companies, effectively opening this extensive market to mainstream telephone users.
By 2006 Skype got over 100 million subscribers, and caught the interest of eBay. 2006 also saw Microsoft, Apple, Google, Yahoo and AOL enter this market.
Now other companies besides these main telecom providers have entered this giant market place and include Business to Business relationships, VoIP Is a part of IT which is Internet Technology. IT is moving rapidly, and most companies are now hiring specific firms to handle all their IT needs.
One of them, Crown Equity Holdings trading as (CRWE.OB) has also entered this lucrative market, entering into a Joint Venture with a company that has already proven it has the muscle. What Crown Equity Holdings brings to the table is a network of PR and IR capable of promoting this Joint Venture around the globe.
The Market for VoIP services was predicted to have a compound annual growth rate (CAGR) of 31.4%, adding that the market would reach nearly $3.3 billion in 2010, those estimations were in 2007 and have proven to have been short sighted.
Every person and corporation that has vision, and perhaps-a-credit-card are starting a VoIP business for the chance to be in the most rapidly growing sector, a $1.2 trillion global telecom market that was projected to grow to $1.6 trillion by 2010, and it hasn’t missed the market.

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