According to the report, The global IP deskphones market in 2019 was approximately USD 7.1 billion. The market is expected to grow above a CAGR of 1% and is anticipated to reach over USD 7.9 billion by 2026.
Internet Protocol based phones are phones that uses variety of protocols for connecting and transmitting calls. The calls are transferred over Local Area Network, or internet, which helps in avoiding call connecting over public network. IP phones generally include desk phones, conference phones, cordless phones, etc. that are generally used in offices and hotels for communication purposes. IP phones use digital signals for transmitting signals from anywhere that can be transmitted using internet. Using IP deskphones eliminates the need for other rollover lines. IP deskphones enables unlimited rollover lines.
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IP phones are primarily used in locations such as commercial complexes, offices, hotels, etc. The IP deskphones market has seen a significant growth due to increase in the number of commercial places. Offices generally opt for IP phones as these phones use internet for connecting and transmitting calls, which leads to elimination of complex and expensive analog based phones. This has been a key reason that has driven the adoption of IP phones among commercial businesses. Further, hotels have to rely primarily on internet based calling systems that is interconnected for intra hotel communication. With the increase in the number of hotels, the global IP deskphones market has also seen a steady growth in the last few years.
The IP deskphones market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into video desktop IP phone and common desktop IP phone. On the basis of application, the market is classified into office, hotel, and others.
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Some of the essential players operating in the IP deskphones market, but not restricted to include Cisco, NEC, Polycom, Avaya, Grandstream, Mitel, Escene, Yealink, Alcatel-Lucent, D-Link, Fanvil, Snom, and Others.
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