Global Fixed Line VoIP Market Set to Generate $40 billion a year by 2015

London, June 15-2011--Voice over IP now has over 120 million subscribers worldwide, according to the latest analysis from Point Topic, and its growth looks set to accelerate as predictions indicate a $40 billion annual VoIP market by 2015. Point Topic’s data revealed a global growth in VoIP of 12.6% during 2010 and shows that there is plenty of headroom left for VoIP * around the world. 

“The growth of VoIP has been bumpy but shows signs of acceleration,” said John Bosnell, Senior Analyst at Point Topic. “VoIP has all the hallmarks of a classic substitution commodity. This is where customers look at the service that is delivered by a new product and decide that it meets, or exceeds, the service they are currently receiving and when it is appropriately priced they will switch from one to the other.”