The global voice communication market is expected to grow with a CAGR of 17.5% during the forecast period 2016-2023.

The increasing internet users across the globe due to growing demand for smartphone, tablet is contributing towards the growth of the market. According to World Bank, in 2015, there are around 41 people out of every 100 people using internet across the globe. Moreover, as per International Telecommunication Union, there are around 3.8 billion internet users present across the globe. Hence, the growing internet users across the globe is contributing growth in the global voice communication market. In addition, factor hindering the growth of the global voice communication equipment market is high infrastructural requirement.

Geographically, North America, Asia Pacific, Europe, rest of the world are the major region. North America held the highest revenue share in 2016 in global voice communication equipment market. The growth in North America market is mainly driven by the presence of stringent government norms for voice communication system and increasing demand for smartphones, tablets and VoIP.

Companies Mentioned

• 8×8 Inc.
• Adtran Inc.
• Apple Inc.
• Ericson-Lg
• Ibm Corporation
• Mds Gateways
• Microsoft Corporation
• Nortel Networks Corp
• Outsourcery Plc
• Panterra Networks
• Roctel International
• Samsung
• Siemens Enterprise Communication
• Sony
• Speedflow Communications Ltd
• Wistron Neweb Corp