VoIP market increased by 5% in 2015.

According to Telecompaper (citing an IHS Technology report), the global Voice over IP (VoIP) service market grew to 73 billion USD in 2015, a 5% increase over the previous year. VoIP services have become acceptable alternatives to landlines in most developing countries, both in the case of residential and business users. The continuous increase of the market is said to be related to businesses’ move to cloud based services and service providers’ de-emphasis of legacy voice connectivity