At present VoIP technology has become one of the cheapest means of making international telephone calls. Before this technology, telephone service providers did have a firm hold on profitable phone services, and almost 99 percent of market share for higher rate long distance calls. Due to the introduction of VoIP technology, the market for making long distance calls has began to open up and is fast becoming a huge new global market. The simple and main reason for this is that many Internet users realize the potential for savings and have started implementing VoIP technology into their daily lives. It is quickly becoming the best and the cheapest method to make international telephone calls.
Present position of VoIP technology in the Market
At present, the latest VoIP technology has been recognized by people worldwide due to two important aspects which have broadened the appeal of this new technology and have opened it up to the worldwide market. One of them is broadband Internet service which is now widely utilized by people all over the world, as it allows the user to have a steady and fast internet connection. Secondly, this service is very cheap and quite simple for people to use with their traditional telephone service.
This means that all VoIP users can use their telephones for making international calls cheaply and efficiently. As the traditional telecom service providers like Bell, AT&T and Qwest have developed their own versions of VoIP technology, consumers have been offered a number of options. These days anyone who has a broadband internet connection can make an international call anywhere in the world through their own telephone service.
Why VoIP technology can save you lots of money
One of the main advantages of VoIP technology is that it is a low cost service with high voice/call quality. There are three important benefits of having VoIP technology. Initially, a subscriber to a VoIP service does not need to have a traditional telephone connection. Instead they are assigned a telephone number by their VoIP provider. Secondly, all VoIP subscribers can purchase several services which can include unlimited international calls in specific areas and unlimited incoming calls.
Most important is that prices for all of these calls are reasonable, in some cases only 9 dollars per month. Lastly, all the VoIP service providers do offer lots of free features which practically every telephone corporation charge for. These can include speed dialing, three way calling, call waiting ID, call waiting, caller ID, call forwarding and free voicemail.
Market Report
VoIP is in fact gaining rapid consumer acceptance as this latest technology has been growing in consistency which attracts business users. This latest VoIP technology has by now become one of the biggest businesses in the telephone industry. However it is still not made huge gains despite varying considerably with the changing telecom industry. During the year 2007, the VoIP market was adequately divided and yet it is difficult to find reliable figures on its growth rate and size of market share.
According to Rick Tehrani, the size of the VoIP market in US was around 1.2 billion dollars which was in fact based on 4 to 5 million user who paid an average of 25 dollars per month for receiving several services from VoIP carriers. However, some of analysts believed that the revenues of VoIP will surpass these figures by 2012, and will generate up to 25.9 million dollars both in Europe and in the US.
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(4 out of 5)
I have use betamax voip for 3 years and it give me good experienced about voip.. i love it because it save my cost and ive me best quality same as local phone ( pstn )