The VoIP industry is so broad that some components can experience growth while others could decline. While the total number of customers who use wireless handheld VoIP technology may decline, but overall use of VoIP services to replace household landlines by grow so much that it carries the entire Industry. With a young technology, it can be difficult to know which niche can grow, but current data should indicate those that have the most promise given the current environment within the telecom market.

 

Domestic And International Calls

 

 

As the chart above shows, of all international minutes that were billed in 2003, an impressive 37% of calls initiated from the U.S. to international customers were primarily to only five countries: Canada, Germany, Mexico, Philippines, and the United Kingdom.

 

The charts above provide a great deal of insight into the current state of the Telecom market today, and the environment within which the VoIP industry finds itself. The next section will cover the growth and spending patterns of the VoIP industry itself.

 

Industry Growth and Spending

 

Because of the variety of VoIP technologies, and the mixture of companies that use it to provide VoIP-based products, it’s difficult to use any one particular technology as an indication of overall VoIP industry growth. However, the major carriers of VoIP voice transmission serve as the backbone to this industry, making their growth or decline an excellent indication of the health of the VoIP market, and where its strengths and weaknesses currently are.